#business

Stellantis (STLAM.MI) is searching for CEO Carlos Tavares’ successor, the company has said, after the Chrysler parent laid out a plan to strengthen North America operations by slashing bloated ...

Europe’s biggest tour operator TUI this week confirmed its annual guidance and mid-term targets after a strong summer season, sending its shares up in morning trading. Shares in TUI ...

Cypriot tourism remains resilient in the face of ongoing conflicts in Ukraine and the Middle East, with the sector recovering and bolstering the local economy, according to the Association of ...

A proposal to acquire 100 per cent of the issued share capital of Proodos Public, and by extension Rodon Hotel in Agros, has been presented to its board of directors, it ...

The Shorewinner project, which aims to set up and develop a Southern European offshore wind energy community of practice, was successfully launched in Cyprus this week. The hybrid event took ...

US business professionals and executives expressed a strong interest in investing in Cyprus during a working lunch with president Nikos Christodoulides. The meeting, which took place in New York on ...

The Cypriot Union of Consumers and Quality of Life has called on the government to continue subsidies for vulnerable groups. This follows an announcement by the Finance Ministry on Thursday, ...

The Cyprus Shipping Chamber (CSC) held its monthly members’ meeting this week to commemorate World Maritime Day on September 26, featuring a presentation by Cecilia Müller Torbrand, CEO of the ...

The liquidity in Cyprus’ banking system reached €28.7 billion in August 2024, driven by an increase in deposits and a reduction in total loan balances, according to a report from the Central ...

The economic climate in Cyprus worsened in September, with the Economic Sentiment Indicator (ESI) decreasing by 1.4 points compared to August, according to the University of Cyprus’ Economics Research Centre (CypERC). ...

The electricity subsidy and zero per cent VAT on 11 essential goods will be scrapped as of October 1. A finance ministry announcement said the scheme which expires on September 30 does not ...

ChatGPT-maker OpenAI is working on a plan to restructure its core business into a for-profit benefit corporation that will no longer be controlled by its non-profit board, people familiar with ...

Germany’s leading economic institutes have downgraded their forecast for 2024 and now see Europe’s largest economy shrinking by 0.1 per cent, they said in their autumn joint economic forecasts. The ...

HSBC said this week that it now expects the European Central Bank to cut interest rates by 25 basis points at every meeting from October through to April next year given ...

Online broker Freedom24 on Thursday announced that the number of customers on its trading platform has exceeded 300,000 people, describing this feat as “a significant achievement”. “This milestone marks an important ...

President of the Cyprus Hoteliers Association (Pasyxe) Thanos Michaelides on Thursday called on tourism professionals to promote peace through high-quality services. He also encouraged tourism sector stakeholders to present Cyprus ...

The Startup World Cup Nicosia Finals 2024 concluded this week, with DISPL, a Cyprus-based startup leveraging AI technology for real-time offline marketing automation, taking home the top prize. The event, which ...

The Business Society Accelerator (BSA) recently hosted a fireside chat titled “Pioneering Success: Business and Beyond,” featuring biotech entrepreneur Marianna Prokopi-Demetriades. The event, organised in collaboration with RSEVEN, Theramir, RSL ...

The European Researchers’ Night, the largest annual celebration of science, research, and innovation, opens on Friday, September 27, at the State Fair in Nicosia. The event will run from 8:30 am to 10 ...

The Paphos Regional Tourism Board (Etap) has announced the return of free tours to the Akamas communities for the next three months, aiming to highlight points of interest and boost ...

Cyprus and the Netherlands have completed discussions for the signing of a double tax treaty in relation to Curacao, it emerged this week. “We have today finalised the agreement between ...

Cyprus and China are signing on Thursday an inter-state agreement in the aviation sector aimed at liberalising flights between the two countries. The deal, to be signed in Nicosia, seeks ...

Lending criteria for Cypriot businesses became stricter in the second quarter of 2024, according to a report released on Wednesday by the Central Bank of Cyprus (CBC). The report explained that ...

The Federal Reserve’s aggressive start of the easing cycle has rekindled inflation worries in the US bond market, as some investors fear looser financial conditions could re-ignite price pressures. ...