#business

Global goods trade should rebound this year, but more slowly than previously expected, after only its third decline in 30 years in 2023, the World Trade Organisation said on Wednesday. The Geneva-based ...

The profitability of the Cyprus banking sector remarkably spiked by an annual 644 per cent in 2023, reaching €1.27 billion. This significant increase was fueled by the high-interest environment, according to data released ...

Commerce minister Giorgos Papanastasiou and the Republic’s Chief Scientist for Research, Innovation, and Technology, Demetris Skourides, were recently in Japan to promote Cyprus as a base for international business ...

Members of the recently elected Board of the Cyprus Investment Funds Association (CIFA) met with the President, George Theocharides, the Vice President, George Karatzias, and key executives from the Cyprus ...

There was increased interest in organised trips from Poland to the Famagusta district during a roadshow in Poland by the Famagusta Tourism Board (Etap) and hoteliers of the district. The ...

Deputy Minister of Tourism, Kostas Koumis has stressed the importance of international collaboration to overcome the widespread challenges facing the tourism sector. Speaking at the 70th Session of the Europe ...

In January 2024, a slight decrease of 0.5 per cent was observed in the number of building permits issued by municipal authorities and provincial administrations, compared to the same month in 2023, as ...

Consumers are becoming slightly less sceptical about bitcoin, a Deutsche Bank survey published on Monday showed, although just under a third of those questioned still expect its price to drop ...

Cyprus is in place to become a regional centre for technology and innovation, according to Deputy Minister of Research, Innovation and Digital Policy, Nikodemos Damianou said at the 14th Nicosia ...

The Deputy Ministry of Shipping will participate in the ‘Sea Japan’ international shipping exhibition in Tokyo, from April 10 to 12. In an announcement, it stated that ‘Sea Japan’, an international maritime ...

An early Easter boosted food spending in Britain last month, lifting retail sales by the most since August, but the broader picture remained subdued as wet weather dampened demand for ...

The profitability of the Cyprus banking sector remarkably spiked by an annual 644 per cent in 2023, reaching €1.27 billion. This significant increase was fueled by the high-interest environment, according to data released ...

Euro zone banks lowered the bar on mortgage approvals last quarter for the first time in over two years but demand for credit kept falling amid high borrowing costs and ...

Intership Navigation will be investing in digital ship management solutions following a management buyout which led to a strategic partnership with MariApps Marine Solutions Through this partnership, Limassol-based Internship, which ...

The enrichment of Cyprus’ economic model is of vital importance, said the finance minister, Makis Keravnos, stressing that “the bet is to maintain the investment level” which was objective of ...

The Cyprus Statistical Service (Cystat) on Tuesday released a report showing the total imports and exports of goods in January-February 2024. In February the import was €841.1 million, representing an increase of 9.2 ...

The Cyprus Statistical Service (Cystat) has released a report ‘Registration of Motor Vehicles’ for January-March 2024, highlighting a market where electric and hybrid cars, along with motor coaches, buses, and cargo-carrying ...

Since UBS rescued its stricken rival Credit Suisse a year ago, it has been waiting to hear how authorities will protect Switzerland from the risk of the country’s only ...

The Deputy Ministry of Shipping will participate in the ‘Sea Japan’ international shipping exhibition in Tokyo, from April 10 to 12. In an announcement, it said that ‘Sea Japan’, an international maritime ...

Britain’s John Lewis Partnership has appointed former Tesco executive Jason Tarry as its next chairman following Sharon White’s decision to step down from the retailer. Tarry, who has 33 ...

Web Summit co-founder Paddy Cosgrave on Monday returned as its chief executive officer, six months after resigning from the top job following a backlash over his comments on the Israel-Hamas ...

The European Central Bank (ECB) is expected to keep the cost of borrowing at current levels when it meets on Thursday, as the rate of inflation is on a downward ...

The services sector performed very well in 2023 said the Employers and Industiralists Federation (Oev), with significant improvements registered in several key areas. Notably, the indicators for accommodation and catering services ...

In March 2023, total beer shipments experienced a notable increase, rising by 10 per cent year-on-year. This growth was primarily driven by domestic shipments. According to the data from the Cyprus Statistical ...