#business

Cyprus has recorded a surplus of €1.5 billion for 2024, equivalent to 4.5 per cent of GDP, according to preliminary results released on Tuesday by the state statistical service. This marks a sharp ...

EVH Investments Limited has formally requested the exercise of the squeeze-out right to acquire the remaining 8.8 per cent of the share capital of Salamis Tours, it emerged on Tuesday. This ...

Tourism revenue in Cyprus saw a significant year-on-year increase of 17 per cent in December 2024, according to a report released on Tuesday by the state statistical service. Based on data collected ...

The Association of Large Investment Projects recently presented its recommendations on the role of the private sector in the economic diplomacy strategy promoted by the Ministry of Foreign Affairs. Led ...

The annual inflation rate in Cyprus is projected to reach 2.3 per cent in February 2025, down from 2.9 per cent in January, according to preliminary estimates by Eurostat, the statistical office of ...

20 per cent of workers in Cyprus were classified as low-wage earners in 2022, compared to 14.7 per cent across the European Union (EU), according to a report by Eurostat. In addition, it ...

The deadline for Hellenic Bank employees who wish to accept the bank’s latest, and reportedly last, voluntary exit scheme ends today, after being announced in mid-February. However, interest in ...

The Bank of Cyprus has announced the completion of its first transactions under its new share buyback programme, with approximately five per cent of the maximum total value of the ...

Former Cyprus Shipping Chamber (CSC) director general Thomas Kazakos has resigned as director of Lordos Hotels (Holdings) Public Limited, effective February 28, 2025. Kazakos will assume his new role as Secretary General ...

The European Central Bank is set to cut rates again on Thursday, but investors haven’t been this unsure in a while on what comes next. US tariff risks are ...

US President Donald Trump’s proposal to impose 25 per cent tariffs on imports from the European Union is likely to dent growth prospects in Central Europe, compounding existing fiscal challenges, ...

Honda (7267.T) has decided to produce its next-generation Civic hybrid in the US state of Indiana, instead of Mexico, to avoid potential tariffs on one of its top-selling car models, ...

Turkey’s manufacturing sector showed signs of continued struggle in February, reflecting ongoing challenges with new orders, output and employment all hurt by muted market demand, a survey showed on ...

Oil edged up on Monday as upbeat manufacturing data from China, the world’s biggest crude importer, led to renewed optimism for fuel demand, although uncertainty about a Ukraine peace ...

By Maria Demertzis The need to accelerate defense spending is now inescapable. This is both feasible economically and will boost domestic demand in the short run, which will help the ...

EU-funded researchers are joining forces to meet consumer demands to know more about where seafood comes from, its carbon footprint and nutritional value. By Michael Allen While consumers are often ...

The Cyprus International Businesses Association (CIBA) is currently analysing the proposed tax reform, according to an official statement. Following its review, the statement said, CIBA will present its views and ...

The industrial producer price index for January 2025 stood at 121.9 points, with 2021 acting as the base year set at 100 points, marking a 0.3 per cent decrease compared to the same month in 2024, ...

Dell (DELL.N) has forecast a decline in its adjusted gross margin rate for fiscal year 2026, hit by higher costs to build artificial intelligence servers in a fiercely competitive market, ...

Big investors are sensing that a fresh joint European borrowing effort is becoming more likely as the region scrambles to ramp up defence spending. The modest reaction across bond markets, ...

Women make up about 43 per cent of the boards of directors of Britain’s 350 biggest public companies, according to a government-backed report that also said more work was needed to ...

Here are the top business stories in Cyprus from the week starting February 24: Natural gas production from Block 6 of Cyprus’ Exclusive Economic Zone (EEZ) could commence within 2 to 2.5 years, according ...

An era-defining week of geopolitics has boosted hopes for a European economic revival, not due to any peace dividend that could come from an end to the war in Ukraine, ...

British home prices will rise faster than previously expected this year, but the increase will be outpaced by surging rental costs as demand outstrips supply, a Reuters poll found. The ...