#business

The harmonised index of consumer prices in Cyprus (HICP) in January 2024 increased by 2.1 per cent compared to January 2023, according to a report released on Thursday by the Cyprus Statistical Service (...

The Employers and Industrialists Federation (Oev) this week released a statement welcoming the new support measures for Cypriot households, while at the same time expressing “hope for the prompt formulation ...

Cypriot Minister of Energy, Commerce, and Industry George Papanastasiou this week met with his Egyptian counterpart Tarek El Molla, engaging in discussions on bolstering energy collaboration between Cyprus and Egypt. ...

The Cabinet this week approved the establishment of an annual award for gender equality in Cyprus’ shipping sector, according to an announcement by the Deputy Ministry of Shipping. The announcement ...

The Cyprus Chamber of Commerce and Industry (Keve) this week released a statement expressing satisfaction with the newly announced government support measures, originally unveiled by President Nikos Christodoulides on Wednesday. ...

Vice Chairman of the Cyprus Securities and Exchange Commission (CySEC) George Karatzias on Thursday reaffirmed the commission’s support for the country’s collective investment sector, outlining a number of ...

Social media platform Reddit has struck a deal with Google (GOOGL.O) to make its content available for training the search engine giant’s artificial intelligence models, three people familiar ...

The Hotel Summit & Exhibition is set to mark its 45th edition on February 23, 2024, at the City of Dreams Mediterranean hotel in Limassol. The conference brings together industry leaders, hotel ...

The rapid rise of fast-fashion e-commerce retailers such as Shein and Temu is upending the global air cargo industry, as they increasingly vie for limited air-cargo space to woo consumers ...

The German government expects the economy to grow 0.2 per cent this year, far less than a previously forecast 1.3 per cent, as weak global demand, geopolitical uncertainty and persistently high inflation ...

For nearly a year, US natural gas producers have slammed the brakes on production as prices fall. But relentless output gains including from oil companies that pump gas as an ...

The World Bank warned that high borrowing costs have “changed dramatically” the need for developing nations to boost sluggish economic growth. The multilateral lender’s latest warning comes as international ...

Apple (AAPL.O) is rolling out an upgrade to its iMessage texting platform to defend against future encryption-breaking technologies. The new protocol, known as PQ3, is another sign that US ...

Cypriot Deputy Minister of Tourism Kostas Koumis this week emphasised the urgent need for support measures from the European Union (EU) for island tourist destinations, during his participation in the ...

Eurobank Cyprus on Wednesday announced that it recently organised a voluntary blood donation and bone marrow sampling event for its staff at the bank’s headquarters in Nicosia. The blood ...

The 7th Annual Capital Link Cyprus Shipping Forum is scheduled to take place next Tuesday, February 27, in Limassol, aiming to highlight the important role of Cyprus as a shipping, energy, ...

Cyprus’ central government debt, comprising approximately 99 per cent of the total debt of the Republic of Cyprus, reached €22.4 billion at the end of 2023, according to a report released this week. ...

Consulting and advisory firm PwC Cyprus presented the key findings of its 13th annual survey for CEOs in Cyprus at an event on Thursday, which was held under the theme ...

Deputy Minister of Tourism Kostas Koumis has denied claims that Cyprus’ tourist arrivals for 2024 will fall short of more than 500,000 seats compared to the previous year. Despite the challenges ahead, ...

Cyprus’ Business Turnover Index in Transportation and Storage reached 143.1 units in the fourth quarter of 2023, with 2015 being the base year, reflecting a 6 per cent increase compared to the same quarter ...

Barclays (BARC.L) laid out a three-year plan to revive its flagging share price on Tuesday, including axing 2 billion pounds of costs, returning 10 billion pounds ($12.6 billion) to shareholders and investing ...

Nest, a 36 billion pound ($45 billion) UK workplace pension fund, expects to ramp up private assets holdings to as much as 30 per cent of its portfolio, in one of the most ...

Cyprus took part in the 5th session of the Regulatory Authority Advisory Committee (RAAC), held on February 7, with discussions primarily revolving around the short-term and medium-term prospects for natural gas ...

Chipmaker Nvidia (NVDA.O) is replacing Tesla (TSLA.O) as Wall Street’s most traded stock, adding to its prominence after becoming the third-most valuable US company and showing more ...