#business

Oil prices edged up on Thursday on signs of easing trade tensions, stronger than expected economic data from the world’s top oil consumers and renewed risks in the Middle ...

The Paphos regional tourism board (Etap) on Thursday announced a change in leadership, with Michalis Mitas appointed as its new president. Mitas takes over following the conclusion of previous president ...

The National Bank of Greece (Cyprus) on Thursday announced that it has introduced a new fixed-term deposit that combines stable returns with simple and transparent terms. “In a time of ...

Cyprus recorded one of the smallest declines in energy use across the EU services sector in 2023, as the bloc’s overall consumption fell by 1.9 per cent compared with the previous ...

Cyprus’ Harmonised Index of Consumer Prices (HICP) rose by 0.5 per cent year-on-year in June 2025, according to figures published by the statistical service on Thursday. When compared with the previous month, ...

Tourism in Cyprus continued to strengthen in June 2025, with tourist arrivals rising 3.4 per cent year-on-year to reach 498,527, compared to 482,261 in June 2024, according to the state statistical service. For the first ...

Cyprus’ property market remained resilient in the first half of 2025, with sales documents rising 16 per cent year-on-year and the total value of property transfers approaching €2.3 billion. Paphos continued its upward ...

The cost of transitioning to a net-zero emissions economy in Cyprus depends heavily on the chosen policy mix, particularly regarding how carbon tax revenues are used, according to research conducted ...

Logicom Public Ltd has confirmed that the company has posted its approved dividend to shareholders. In an official filing to the regulated market, Logicom stated, “we would like to announce ...

Greek airline Aegean is committing €4 billion to expand its fleet with 60 new aircraft by 2031, as it prepares to launch its first direct flights to India in March 2026 using long-range Airbus ...

Goldman Sachs’ (GS.N) second-quarter profit exceeded Wall Street expectations, as turbulent markets lifted revenue from its equities division to a record and a pickup in dealmaking boosted investment banking. ...

Large US multinationals should soon start showing the positive effects of the dollar’s tumble in recent months, reversing the situation in the past few years when the greenback’s ...

Heightened geopolitical instability and mounting global debt levels represent key risks to Cyprus’ financial stability, according to the Central Bank of Cyprus (CBC). The CBC published its 2024 Financial Stability Report (...

US President Donald Trump has launched a global trade war with an array of tariffs that target individual products and countries. Trump has set a baseline tariff of 10 per cent ...

Britain’s financial regulator fined Barclays 42 million pounds ($56 million) on Wednesday for failing to evaluate money laundering risks while providing services to its clients Stunt & Co and WealthTek. The ...

Britain’s annual rate of consumer price inflation unexpectedly rose to its highest in over a year at 3.6 per cent in June, official figures showed on Wednesday, slightly dampening expectations ...

Heightened geopolitical instability and mounting global debt levels represent key risks to Cyprus’ financial stability, according to the Central Bank of Cyprus (CBC). The CBC published its 2024 Financial Stability Report (...

The Cypriot banking sector experienced a decline in profitability, an increase in total assets, and a further strengthening of capital adequacy, according to a report from the Central Bank of ...

The Cyprus Chamber of Commerce and Industry (Keve) and the Cyprus Space Exploration Organisation (CSEO) signed a Memorandum of Understanding (MoU) on Wednesday, to strengthen innovation and link the space ...

SSH Solar Finance Plc on Wednesday announced that it will pay interest to bondholders for the period from January 31, 2025 to July 31, 2025, relating to its listed green bonds. The annual interest ...

The European Union has imposed new sanctions on nine individuals and six entities for their involvement in destabilising actions linked to Russia, including campaigns of foreign information manipulation and interference. ...

Cyprus’ industrial production showed no change in May 2025, compared with the same month a year earlier, according to Eurostat, the statistical office of the European Union. This followed sustained growth ...

Demetra Holdings Plc on Wednesday published its investment portfolio report for the second quarter of 2025, revealing a total asset value of €528.64 million as of June 30, 2025. According to the report, cash ...

The Wellington Management Group has reduced its stake in Bank of Cyprus Holdings Public Limited Company, falling just under the 4 per cent threshold, according to a filing submitted to the ...