#business

Commissioner of State Aid, Stella Michaelidou, approved the “RESTART 2016 – 2020 Programs for Research, Technological Development, and Innovation of the Research and Innovation Foundation.” The total budget for this, until the end ...

The hack of the U.S. Securities and Exchange Commission’s official account on X on Tuesday renewed concerns about the social media platform’s security since its takeover by ...

The European Central Bank (ECB) will cut its key interest rates sooner than it recently thought and should not wait until May to make a decision, as there are no ...

TikTok owner ByteDance said on Tuesday it is in talks with multiple prospective buyers of its gaming assets, including the world’s largest video games company, Tencent, as the Chinese ...

According to a report released by the Cyprus Statistical Service (Cystat), there was a 0.6 per cent year-on-year rise in the Home Price Index (HPI) during the third quarter of 2023. As ...

Cyprus housing market prices continued on an upward path in the third quarter of 2023, with apartments recording the highest increase. The Central Bank of Cyprus (CBC) forecasted consistent growth on ...

Paphos is set to undergo a digital transformation in 2024 with the Paphos Regional Tourism Board (Etap) committing extensive funds to develop its digital presence. Etap has announced an investment exceeding €220,000, ...

Cyprus has introduced the National Cybersecurity Certification Authority, with the primary objective of positioning it as a regional centre for cybersecurity services. The authority, as per the announcement from the ...

Meta Platforms (META.O) said on Tuesday it would hide more content from teens on Instagram and Facebook, after regulators around the globe pressed the social media giant to protect ...

Cyprus recorded an increase in registered vehicles throughout the year 2023, according to the latest report from the Cyprus Statistical Service (CSS), Motor Vehicle Registrations. The total number of registered vehicles ...

Despite alterations in interest rates, Cypriot banks have maintained a steady pace in providing loans throughout 2023, exceeding €3 billion in total net new loans by November. In November 2023, net new loans ...

Euro zone services activity could weaken further in the coming quarters due to rising interest rates but the impact on the sector may be more muted than on manufacturing, a ...

Will they, won’t they? U.S. regulators are keeping crypto players on the edge of their seats as they weigh whether to give their blessing to bitcoin exchange-traded funds (...

Mediterranean Hospitality Venture (MHV) Ltd has agreed to sell 50 per cent of its stake in Aphrodite Hills Resort Limited (AHRL) to WRA Consultants Ltd, a private company registered in Cyprus. ...

Freight costs have increased dramatically as a result of the Houthi attacks on ships in the Red Sea, with some ships now going round the Cape of Good Hope to ...

The Cyprus Organisation for Standardisation (CYS) and the Great Britain-Cyprus Business Association (GBCY) have announced a strategic partnership to strengthen business connections and opportunities between companies in the UK and ...

Volkswagen’s voice assistant integrating ChatGPT into its cars will be able to converse with users in a back-and-forth dialogue by the middle of the year, the carmaker said on ...

Activist investors are expected to launch more and bolder campaigns for change among European companies in the year ahead, advisers told Reuters, after a record number in 2023. Europe was for ...

Netflix (NFLX.O) has defeated a lawsuit filed by shareholders in a federal court in California that accused the streaming entertainment company of hiding the extent to which account-sharing was ...

Samsung Electronics Co Ltd reported a likely 35 per cent drop in fourth-quarter operating profit on Tuesday, much worse than analysts expected as weak consumer demand persisted in many of its ...

In an official announcement by the Deputy Ministry of Social Welfare, the Department for Social Inclusion of Persons with Disabilities informed recipients of the monthly Blind and the Severe Mobility ...

The European Central Bank (ECB) approved the appointment of Petros Christodoulou as the Non-Executive Chairman of the Hellenic Bank Board of Directors, with immediate effect. Christodoulou replaces Christos Themistocleous’ who ...

In December, the Cyprus Statistical Service (CSE) reported an inflation rate of 1.6 per cent, slightly below Eurostat’s harmonised consumer price index, which recorded 1.9 per cent. This positions Cyprus with ...

The Union of Cypriot Pensioners (Ekysy) has announced a positive development for pensioners across the island, as legislation came into effect on January 1, ensuring a 3.89 per cent increase in the ...