#business

President Tayyip Erdogan on Wednesday cited the central bank’s year-end inflation forecast of 44 per cent and said Turkey will not let inflation crush people when asked about an expected ...

British inflation jumped by more than expected last month to rise back above the Bank of England’s 2 per cent target and underlying price growth gathered speed too, showing why ...

PwC Cyprus, in collaboration with Multimarine Services Ltd, SignalGeneriX Ltd, and Theophrastus Research Institute, has been awarded Project Symbiosis by the European Defence Agency (EDA). Announced this week, the initiative ...

The construction sector in Cyprus recorded a 4.7 per cent increase in production during the first half of 2024 compared to the same period in 2023, according to a report released on Wednesday ...

The Bank of Cyprus on Wednesday announced the complete disposal of the remaining shares held by Cyprus Popular Bank (Laiki) Public Co Ltd, which has been in liquidation. Following the ...

The Cypriot insurance sector recorded a notable increase in premiums during 2023, surpassing €1 billion in turnover for another consecutive year, it emerged this week. Specifically, total premiums for 2023 reached €1.204 billion, marking ...

The Bank of Cyprus on Tuesday announced that it has repurchased 50,000 of its ordinary shares with a nominal value of €0.10 each. The transactions were executed on November 18 on the Cyprus ...

Nvidia has bested lofty Wall Street revenue expectations for the past eight quarters, but as analysts expect a slower pace of growth, how the company overcomes delays and supply chain ...

Britons started new businesses last year at the slowest rate since 2010, a potential warning sign for longer-term economic growth and productivity, according to official data published this week. The number ...

Sony is in talks to acquire Kadokawa, the Japanese media powerhouse behind the “Elden Ring” game, two sources familiar with the matter said, as the technology giant looks to add ...

The Bank of Cyprus on Tuesday announced that it has repurchased 50,000 of its ordinary shares with a nominal value of €0.10 each. The transactions were executed on November 18 on the Cyprus ...

Cyprus’ Harmonised Consumer Price Index (HICP), a key measure of inflation, rose by 1.6 per cent year-on-year in October 2024, according to official data released on Tuesday. This figure reflects a modest ...

Snapchat is transforming how brands connect with digital-first audiences, leading the evolution of augmented reality (AR) in social media, according to Katia Maevskaia, Client Partner, CEE, at Snap Inc. Maevskaia ...

The number of investment funds in Cyprus increased in September 2024 compared to June of the same year, despite a slight decline in their total assets, which amounted to €6.79 billion, according ...

The Cyprus Shipping Chamber took the spotlight at the International Shipping Summit in Hong Kong this week, showcasing the nation’s pivotal role in global maritime affairs. Represented by Director ...

Britain’s biggest retailers have written to finance minister Rachel Reeves to warn her that last month’s budget will make both higher prices and job losses a certainty and ...

Oil prices held steady on Tuesday after the previous day’s rally, driven by a halt in production at Norway’s Johan Sverdrup oilfield, and as investors remained cautious amid ...

Cyprus’ Construction Material Price Index recorded a marginal increase in October 2024, according to a report released this week from the state’s statistical service. This follows a streak of eight ...

Inflation in Cyprus has slowed for a third consecutive month, according to the Consumer Protection Service. The service on Monday reported a decrease from 1.5 per cent in August to 0.7 per ...

The IDEA Innovation Centre, an initiative by the Bank of Cyprus, this week announced that it is now accepting applications for the tenth cycle of its startup programme. Aspiring entrepreneurs ...

The 12th Energy Symposium, held at the Royal Hall in Nicosia, highlighted the urgent need for swift decisions and actions in Cyprus’ energy sector. The event, organised by FMW Financial ...

Tourist arrivals in Cyprus reached 3.73 million visitors in the first ten months of 2024, reflecting a 4.6 per cent increase compared to the same period in 2023. This also represents a modest 0.81 per ...

Hellenic Bank on Monday announced a reduction of its key interest rate by 21 basis points, effective from November 14, 2024. This move is expected to positively impact more than 90,000 borrowers across the ...

Cruise ship arrivals at Limassol port have dropped sharply, with 2024 bookings falling from 200 to just 90 due to the conflict in Israel and instability in the Eastern Mediterranean. To address the ...