#business

OPEC oil output edged lower in April despite a scheduled output hike taking effect, a Reuters survey found, led by a cut in Venezuelan supply on renewed US attempts to ...

Hellenic Bank on Thursday reported a profit of €45 million for the first quarter of 2025, with the bank saying that this underscores the strength of its business model. Moreover, the bank ...

The Cyprus Securities and Exchange Commission (CySEC) this week announced that The Three Tuns Capital RAIF F.C.I.C. PLC, a Registered Alternative Investment Fund (RAIF), is undergoing a ...

Britain’s housing market slowed last month after the end of a temporary tax break on home purchases which had seen buyers rush to complete transactions in previous months, an ...

The Bank of England cut its main interest rate by 0.25 percentage points to 4.25 per cent on Thursday, though with an unexpected three-way split among policymakers as US President Donald Trump’...

The Cyprus Securities and Exchange Commission (CySEC) on Thursday approved Eurobank’s request to exercise the squeeze-out right to acquire 100 per cent of Hellenic Bank’s shares. The offer price ...

Inflation in Cyprus rose by just 0.2 per cent in April, according to the latest data from the Cyprus Statistical Service (CyStat), mainly due to falling prices in petroleum products and ...

Global air travel demand continued its upward trajectory in March 2025, according to new data from the International Air Transport Association (IATA), despite a growing gap between capacity and load factor. ...

Two-thirds of new hires lack the necessary experience for their roles, according to Deloitte’s 2025 Global Human Capital Trends report. The global survey, shared by Deloitte Cyprus on Thursday, found ...

Hellenic Bank on Thursday reported a profit of €45 million for the first quarter of 2025, with the bank saying that this underscores the strength of its business model. Moreover, the bank ...

The Cyprus Consumers Association has issued a warning about fraudulent investment schemes that promise very high profits in an extremely short period, including claims of significant earnings within a single ...

Cyprus will inaugurate its new business service centre on May 26, a day after the launch of the Brain Gain campaign in London, aimed to attract talented Cypriots back to the ...

Proodos Public Ltd, owner of the Rodon Hotel in Agros, has announced three board appointments and three resignations this week. The company confirmed the appointment of main shareholder and investor ...

The Cyprus Chamber of Commerce and Industry (Keve) has issued an open invitation to all stakeholders to participate in an online focus group discussion centred on the green and sustainable ...

Real estate sales in Cyprus rose by 12 per cent in the first four months of 2025 compared with the same period last year. In addition, figures for the month of April ...

Cyprus, China and EU representatives will join global maritime leaders in Athens next month for the ‘Shaping the Future of Shipping Summit’. The summit will be co-hosted by the Hellenic ...

Fintech app Plum, which also has offices in Cyprus, has reported a noticeable shift in the investment behaviour of its Greek users in 2025. According the company, this is the result ...

Britain’s Financial Conduct Authority is seeking feedback on a potential overhaul of mortgage issuance and advice rules, with a view to simplifying responsible lending guidance and stimulating demand in ...

Walt Disney (DIS.N) announced plans on Wednesday to open a Disney theme park in United Arab Emirates’ capital Abu Dhabi in collaboration with regional developer Miral Group, representing its ...

The Cyprus Economy and Competitiveness Council on Wednesday underscored the urgent need for strict fiscal discipline and targeted strategic investments. It also warned that escalating trade tariffs and geopolitical instability ...

George Pantelides took over as president of the Employers and Industrialists Federation (Oev) on Wednesday, replacing the outgoing Antonis Antoniou, during the organisation’s annual general assembly held in Nicosia. ...

Cyprus recorded an average monthly full-time salary of €2,203, placing it below the EU benchmark of €3,155 but still above the €2,000 mark. The figures, based on 2023 Eurostat data, highlight a sharp divide ...

Greek retail chain Jumbo Group this week reported a significant increase in store sales across Cyprus and Greece for April 2025, continuing the upward trend seen earlier this year. Specifically, sales ...

European financial technology provider payabl. on Wednesday announced a new integration with AI-driven fraud platform Sift. The company, which has a precense in Cyprus, said that the new collaboration will ...