#business

DataArt, a global software engineering firm, this week announced the opening of a new office in Cyprus. The company, which has received support from Invest Cyprus, the country’s investment ...

PwC Cyprus this week announced that it has bolstered its environmental, social and governance (ESG) consulting division through the addition of Chris Angelides, who will take an advisory role, assisting ...

Cyprus company Gain Venture Studios (GAIN) this week announced the increase of its participation in Cypriot startup 11Pets Ltd, resulting in the company becoming a majority shareholder in the firm. ...

Harmonized inflation in Cyprus continued to rise in August 2022, albeit at a slower pace than the previous month, registering a 9.6 per cent year-on-year increase, according to a report released on ...

The dollar rallied again on Friday, as U.S. Treasury yields rose ahead of a potentially huge Federal Reserve interest rate hike next week, while China’s yuan weakened past ...

US economic data remains strong but a range of financial indicators point to a sharp slowdown over the next year that would dampen oil consumption and lead to lower prices. ...

Oil prices edged higher on Friday but were on track for a weekly decline amid fears of sharp interest rate hikes that would slam global growth and hit fuel demand. ...

Council for Registration of Real Estate Agents president Marinos Kineyirou this week released a statement addressing the issue of soaring rental costs in Cyprus. “The troubling situation with rents is ...

Total hourly labour costs in Cyprus increased by 5.2 per cent year-on-year during the second quarter of 2022, according to preliminary data published on Thursday by the Cyprus Statistical Service (Cystat). The ...

A bill designed to enshrine into national law a European Union directive for the screening of foreign direct investment (FDI) was submitted to the Cabinet of Ministers this week. The ...

Adobe Inc will buy startup Figma for about $20 billion in its biggest deal, the Photoshop maker said on Thursday, bulking up on applications that support online collaboration amid a global ...

Savers held up two banks in Lebanon on Wednesday to demand access to their own deposits frozen in the country’s paralysed financial system, underlining desperation among citizens unable to ...

Oil fell on Thursday as expectations of weaker demand and a strong US dollar ahead of a potentially large interest rate increase outweighed supply concerns. The International Energy Agency said ...

Central Bank of Cyprus (CBC) governor Constantinos Herodotou on Wednesday addressed the Association of Cyprus Banks, during the latter’s annual general meeting, touching on the uncertainty plaguing the current ...

Outgoing Association of Cyprus Banks president Panicos Nicolaou on Wednesday defended Cypriot banks from the torrent of criticism that they received this past year, particularly after the decision to increase ...

The total number of employees in the general public sector reached 72,432 in the second quarter of 2022, marking an increase of 1.8 per cent compared to the corresponding period of 2021, according to ...

Finance Minister Constantinos Petrides on Wednesday that Cyprus is expected to join the list of countries that have issued green bonds, with the first issuance of green loans expected to ...

A rally that has the dollar on course for its best year since 1984 has further to run, traders and analysts say, suggesting more pain almost everywhere else as other currencies ...

British consumer price inflation fell for the first time in almost a year in August as a drop in fuel prices offered some unexpected – and probably brief – respite to households ...

Oil prices inched lower on Wednesday on concerns of another US Federal Reserve interest rate hike next week after consumer prices unexpectedly rose in August, outweighing support from a robust ...

Alphabet GOOGL.O unit Google on Wednesday suffered its second setback in less than a year as Europe’s top court agreed with EU antitrust regulators that it had abused ...

Paphos tourism board (Etap) managing director Nasos Hadjigeorgiou on Tuesday said that despite the fact that certain hotels and tourist accommodation units will close during the winter, the district will ...

Central Bank of Cyprus (CBC) governor Constantinos Herodotou on Tuesday delivered a speech at an event organised by the London Business School Alumni Cyprus Club, touching on a number of ...

Hellenic Bank on Tuesday announced its decision to terminate negative interest rates on non-household Euro accounts, with effect from October 3, 2022. From the aforementioned date, the interest rate on all non-household ...