#business

OPAP Cyprus on Tuesday launched its 2024 social initiatives with a focus on health, a key priority for the organisation. Chief Commercial Officer Alexandros Davos announced the renewed adoption of two ...

Bank lending to companies and households in the eurozone stagnated last month, indicating the bloc’s long-awaited economic recovery has yet to gain traction, European Central Bank data showed on ...

British grocery prices rose this month at their lowest rate since March 2022, as supermarket promotions picked up after a post-Christmas slowdown, industry data showed on Tuesday. Market researcher Kantar said ...

Deputy Minister of Shipping Marina Hadjimanolis revealed on Tuesday the challenges Cyprus faced in the December 2023 elections of the International Maritime Organisation (IMO). The minister said that not only did ...

Both total loans and deposits in Cyprus witnessed a net decrease in January 2024, according to a report released on Tuesday by the Central Bank of Cyprus (CBC). According to the ...

Cyprus’ Economic Sentiment Indicator (ESI) witnessed a decline of 2.1 points in February 2024, compared to January 2024, indicating a worsening economic climate, according to a report released on Tuesday by the University ...

Oil prices on Tuesday built on gains made a day earlier amid attacks on shipping in the Red Sea that have exacerbated supply worries. Brent crude futures rose 36 cents, or 0.44 ...

The University of Limassol (UoL) on Tuesday released a statement announcing a new partnership with the Association of Information Technology and Telecommunications Executives of Maritime Companies (AMMITEC). AMMITEC is a ...

European private lending activity has rebounded to levels last seen in mid-2022, new data from Deloitte showed on Tuesday, in a sign investors are piling in to risky corporate debt ...

Eurozone bonds are trading more in sync with their US peers than ever before, as investors ignore the slowdown in Europe and remain laser-focused on inflation and interest rates, driving ...

Bitcoin hit a two-year high on Tuesday on signs of large players buying the cryptocurrency, while smaller rival ether topped $3,200 for the first time since 2022. Bitcoin has rallied more than 10 ...

Russia on Tuesday announced a six-month ban on gasoline exports from March 1 to compensate for rising demand from consumers and farmers and to allow for planned maintenance of refineries. The ...

Small and Medium-sized Enterprises (SMEs) and start-ups often grapple with a significant hurdle to their growth – the limited availability of finance. In a bid to address this challenge, the Cyprus ...

The Bank of Israel kept interest rates steady on Monday after cutting by a quarter-point in January, citing uncertainty over expected duration of the war in Gaza. The central bank ...

Qatar will raise natural gas production despite a recent steep drop in global prices, in a long-term bet on rising demand for the less polluting fuel in Europe and Asia. ...

As the world’s top global energy trading houses prepare for their biggest annual industry get-together this week in London they face a growing problem, what to do with their ...

The Artemis Credit Bureau, which collects and provides information on the financial behaviour of individuals and businesses in Cyprus, will begin evaluating businesses based on Environmental, Social, and Governance (ESG) ...

The annual growth rate of Cyprus’ Composite Leading Economic Index (CCLEI) continued to decelerate in January 2024, according to a report compiled by the University of Cyprus’ Economic Research Centre (CypERC). ...

The Cyprus Marine Club (CMC), a non-profit organisation that engages maritime industry stakeholders, recently hosted their Get Together event, a gathering attended by more than 100 guests, showcasing the club’s ...

Oil prices fell on Monday, extending losses from the previous session after the dollar rose on market views that higher-than-expected inflation could delay cuts to high US interest rates that ...

Ryanair (RYA.I) will receive even fewer Boeing (BA.N) aircraft by the end of June than previously expected, CEO Michael O’Leary said on Friday, potentially prompting the budget ...

By Maria Demertzis The second anniversary of the Russian invasion of Ukraine took place on February 24. The energy shock that came with the war has forced a total rethink of ...

Smartphone shipments into Europe, excluding Russia, experienced a 3 per cent year-on-year decline, totalling 37.8 million units in Q4 2023, according to a report released this week by technology industry analysts Canalys. Notably, ...

Zara owner Inditex (ITX.MC), the world’s biggest listed fast fashion company by sales, is expanding its low-priced Gen Z-focused brand Lefties to counter Chinese-founded rival Shein. The rapid ...