#business

The Cyprus Economy and Competitiveness Council on Wednesday underscored the urgent need for strict fiscal discipline and targeted strategic investments. It also warned that escalating trade tariffs and geopolitical instability ...

George Pantelides took over as president of the Employers and Industrialists Federation (Oev) on Wednesday, replacing the outgoing Antonis Antoniou, during the organisation’s annual general assembly held in Nicosia. ...

Cyprus recorded an average monthly full-time salary of €2,203, placing it below the EU benchmark of €3,155 but still above the €2,000 mark. The figures, based on 2023 Eurostat data, highlight a sharp divide ...

Greek retail chain Jumbo Group this week reported a significant increase in store sales across Cyprus and Greece for April 2025, continuing the upward trend seen earlier this year. Specifically, sales ...

European financial technology provider payabl. on Wednesday announced a new integration with AI-driven fraud platform Sift. The company, which has a precense in Cyprus, said that the new collaboration will ...

Cyprus is doubling down on its commitment to a greener, more competitive maritime sector, with a renewed push to enhance the Cyprus flag’s standing on the international stage, Shipping ...

The Cyprus Institute of Certified Public Accountants (Selk) has reiterated its stance on the importance of a robust and well-structured tax system that supports sustainable economic growth and secures social ...

The president and CEO of Greece’s Independent Power Transmission Operator (Admie) Manos Manousakis described the recent developments in cross-border energy interconnections as a positive step forward for regional energy ...

Real estate sales in Cyprus rose by 12 per cent in the first four months of 2025 compared with the same period last year. In addition, figures for the month of April ...

Bankers and CEOs hit the brakes on mergers and acquisitions after US President Donald Trump launched a global trade war on April 2, with fewer deals getting signed than during the ...

Applications are now open for the 2025 the 8th annual ‘Young Entrepreneurship Awards’, organised by Cyprus Chamber of Commerce and Industry (Keve)  announced. The chamber also noted that the event will ...

Credit rating agency Moody’s on Tuesday upgraded the long-term deposit ratings of the Bank of Cyprus to A3 from Baa1, reflecting continued strengthening of the bank’s financial position. ...

The US trade deficit widened to a record high in March as businesses boosted imports of goods ahead of President Donald Trump’s sweeping tariffs, which dragged gross domestic product ...

Britain’s services sector, accounting for much of the economy, shrank in April for the first time since October 2023 and at the fastest pace in more than two years, according ...

Individual investors are likely to see a growing array of financial products containing private credit heading their way in the coming months and years, financial executives said at the Milken ...

British new car registrations fell more than 10 per cent year-on-year in April, with Tesla’s (TSLA.O) UK sales plummeting 62 per cent, dragged by weak consumer confidence and tax increases, ...

Cyprus in recent years has taken strides in advancing intellectual property rights and processes, key to driving innovation, the commerce minister said on Tuesday. George Papanastasiou was addressing the annual ...

Ford Motor suspended its annual guidance on Monday because of uncertainty around US President Donald Trump’s tariffs, saying the levies would cost the company about $1.5 billion in adjusted earnings ...

Deposit interest rates in Cyprus declined in March 2025 for both households and businesses, reflecting a softening trend in returns on short-term savings, according to the Central Bank of Cyprus (CBC). ...

Leptos Calypso Hotels Public Ltd, a member of the Leptos Group, recorded a significant financial turnaround in 2024. Specifically, the company on Tuesday posted a consolidated net profit of €3.25 million, recovering ...

Tesla’s (TSLA.O) new car sales in Britain plummeted 62 per cent year-on-year in April to their lowest in over two years, even as demand for electric vehicles rose, data ...

The number of unemployed persons registered at district labour offices across Cyprus stood at 8,118 at the end of April 2025, according to the latest data released by the Cyprus Statistical Service (...

Cyprus recorded over 1.15 million passengers at its two airports in April 2025, crossing the one million threshold for the first time in a single month, the Transport Ministry said on Tuesday. ...

Credit rating agency Moody’s on Tuesday upgraded the long-term deposit ratings of the Bank of Cyprus to A3 from Baa1, reflecting continued strengthening of the bank’s financial position. ...