#business

The Research and Innovation Foundation (RIF) this week announced the launch of two new programmes, titled Excellence and Post-Doc respectively, with a total budget of €14.5 million. According to the announcement, ...

The Cyprus Statistical Service (Cystat) announced on Thursday that the government’s surplus for the period January-March 2024 reached €523 million, equivalent to 1.7 per cent of the GDP. This marks an increase ...

Cyprus’ Producer Price Index in Industry reached 121.5 units in March, with 2021 acting as the base year, set at 100 units, marking an annual decrease of 3.9 per cent, marking the ninth consecutive ...

Limassol port has seen a substantial rise in wheeled cargo traffic since DP World Limassol (DPWL) took over its operation, processing around 60,000 multipurpose Ro-Ro units (Roll-on, Roll-off) in 2023 alone, according ...

Moody’s on Thursday beat Wall Street estimates for first-quarter profit, helped by demand for its research and analytics products. The New York-based company recorded robust sales of its products ...

The global economy is growing faster than expected only a few months ago thanks to resilient US activity while inflation is converging more quickly than expected with central banks’ targets, ...

Cyprus’ retail sector experienced a significant upturn in March 2024, according to a report from the Cyprus Statistical Service (Cystat) released on Thursday. The report disclosed a 5.5 per cent increase in ...

Inflation soared to its highest level since October 2023 in April of this year, according to a report released on Thursday by the Cyprus Statistical Service (Cystat), reigniting concerns amongst consumers ...

Limassol port has seen a substantial rise in wheeled cargo traffic since DP World Limassol (DPWL) took over its operation, processing around 60,000 multipurpose Ro-Ro units (Roll-on, Roll-off) in 2023 alone, according ...

The acquisition of CNP’s insurance operations in Cyprus and Greece is expected to lead to increased and more varied revenue streams for Hellenic Bank, according to a report released ...

A recently held property conference held in Larnaca expressed great confidence about the city’s real estate prospects, while also providing assurances that the redevelopment of the port and marina ...

Leading PayTech firm payabl., which has offices in Cyprus, Germany, Netherlands and the United Kingdom, on Thursday marked a significant achievement as it commemorated 12 years as a principal member of ...

Global investors are eyeing European and emerging market assets to protect themselves from further turbulence in US stocks and bonds as stubborn inflation causes bets on the timing of Federal ...

British house prices fell unexpectedly for a second month running during April, figures from mortgage lender Nationwide showed on Wednesday. House prices fell 0.4 per cent month-on-month, after a 0.2 per cent ...

Saudi Arabia’s real gross domestic product (GDP) decreased 1.8 per cent year-on-year in the first quarter, flash estimates by the government’s statistical authority showed on Wednesday, as a decline ...

McDonald’s (MCD.N) missed quarterly profit estimates for the first time in two years as budget-conscious consumers looked past its offers and the Middle East conflict weighed on the ...

Elon Musk’s abrupt decision to lay off employees who ran Tesla’s electric vehicle charging business blindsided automakers gearing up to equip new EVs for customers to use the ...

Coca-Cola raised its annual organic sales forecast on Tuesday after topping first-quarter results as customers in the US and international markets shell out more money for its pricey sodas and ...

The Cyprus Real Estate Agents Registration Council released a statement on Tuesday expressing support for a new government bill related to the frequency of property valuations, saying that this will ...

The number of mortgages approved by British lenders rose to an 18-month high in March, according to Bank of England data on Tuesday that confirmed a recovery in the housing ...

The German economy skirted a recession at the start of the year, growing more than expected thanks to the construction sector and exports, preliminary data showed on Tuesday. The economy ...

A coin called TON has leapt in value in recent months, with investors betting its integration with messenger service Telegram could bring the cryptocurrency to the app’s estimated 900 million ...

The Cyprus general government generated a surplus of €45.1 million during the final quarter of 2023, compared to a surplus of €29.2 million in the same period of 2022, according to a report released ...

Household debt in Cyprus stood at 66 per cent of Gross Domestic Product (GDP) at the end of 2023, while corporate debt reached 133 per cent of GDP, according to the Central Bank ...