#business

Deputy Minister of Shipping Marina Hadjimanolis attended the European Shipping Summit (ESS) this week, where she underlined the need to enhance competitiveness and inclusivity within European shipping. The event, held ...

CarVal Investors has further reduced its stake in the Bank of Cyprus, marking another significant divestment by the American investment fund. According to an announcement by the bank, CarVal has ...

Hermes Airports on Friday announced that it has successfully concluded the financing arrangements for the Phase 2 development projects at both Larnaca and Paphos airports. All necessary agreements with the financing ...

The Central Bank of Cyprus (CBC) and the European Stability Mechanism (ESM) on Friday hosted a high-level conference with the Cypriot economy at the heart of discussions. Specifically, the conference ...

Concerns were escalated in Parliament regarding the accessibility of ATMs for elderly residents in mountainous and other remote areas, who are forced to travel between villages to withdraw cash. This ...

Central Bank of Cyprus (CBC) governor Christodoulos Patsalides on Friday highlighted the country’s economic transformation in recent years, while also outlining the challenges that lie ahead. Speaking at a ...

The Cyprus University of Technology (Tepak) has signed a cooperation protocol with the National Documentation Centre (EKT) of Greece, strengthening ties and knowledge exchange between the two institutions. The signing ...

The environment department has given the green light to a €22 million high-rise building set to be constructed along the Limassol coastline. The proposed building, to be developed by by P....

The Bank of Cyprus has announced a new share buyback transaction as part of its ongoing repurchase programme. According to a statement issued on Friday, the bank acquired a total ...

Public-private partnerships (PPPs) can lead to major investment opportunities and change the development landscape to the benefit of both the government and private organisations, according to Invest Cyprus CEO Marios ...

The Cypriot government on Thursday announced new measures aimed at increasing housing availability and stabilising property prices. Specifically, Interior Minister Konstantinos Ioannou outlined a series of policy changes during this ...

Britain’s high streets will likely see an acceleration in closures this year as extra costs imposed on businesses by the government’s first budget take their toll, according to ...

Israel’s parliament on Thursday approved the framework for the 2025 state budget and its accompanying economic plan, clearing a political hurdle that likely paves the way for final approval by ...

The Cyprus Stock Exchange (CSE) council has officially ratified the decision to suspend trading of shares belonging to Salamis Tours (Holdings) Public Ltd. This decision, taken under Article 184 of the ...

The Bank of England held interest rates at 4.5 per cent and warned against assumptions that they would be cut over its next few meetings as it grappled with deep uncertainty ...

The Cypriot government on Thursday announced new measures aimed at increasing housing availability and stabilising property prices. Specifically, Interior Minister Konstantinos Ioannou outlined a series of policy changes during this ...

Local government reform and its impact on land development took centre stage at the19th property development, construction conference and exhibition, presented by Exness on Wednesday. A roundtable discussion, moderated ...

Tesla is recalling 46,096 Cybertruck vehicles in the US- nearly all Cybertrucks made up to February – to fix an exterior panel that could detach while driving, adding to a series of ...

Hydrocarbon exploration and production company Energean announced on Thursday its audited full-year results for the year ended December 31, 2024. Mathios Rigas, Chief Executive Officer of Energean, stated, “During 2024, we have continued ...

The Cyprus Association of Research and Innovation Enterprises (CARIE) has put forward a number of proposals for enhanced tax incentives and relief measures for innovative businesses. These proposals were submitted ...

The Cyprus Employers and Industrialists Federation (Oev) this week participated in a tripartite social summit for growth and employment in Brussels. The Oev delegation was led by its president Antonis ...

CarVal Investors, a prominent investment fund, has further reduced its stake in the Bank of Cyprus, decreasing its shareholding from 4.99 per cent to 3.07 per cent, according to a report from ...

The Cyprus Securities and Exchange Commission (CySEC) on Thursday highlighted that the rapid evolution of technology has transformed the financial sector, reshaping how investors and consumers manage their money. Specifically, ...

Hellenic Bank is advancing on two major integration fronts, preparing for a dual merger process that will consolidate both its banking and insurance operations. The bank’s banking sector is ...