#business

Inflation in Cyprus rose by 2.5 per cent year-on-year in January, marking a slight slowdown compared to the 2.6 per cent recorded in December. According to the Statistical Service of Cyprus (Cystat), ...

The Institute of Certified Public Accountants of Cyprus (ICPAC) on Thursday released a statement congratulating Eleni Assioti on her appointment to the Small and Medium Practices (SMP) Advisory Group of ...

Despite the US threatening to impose new tariffs on European goods, Cyprus’ trade seems minimally affected at present, with exports to the US at €50 million and imports at €220 million. “At ...

Cyprus has long been a shipping powerhouse, but its role is evolving fast to meet the needs of the digital age, according to Christoph Stork, CEO of Cyprus-based bunker trading ...

The environment department has officially approved the expansion plans for both the Larnaca and Paphos international airports, it emerged on Thursday. The approval follows an agreement signed on December 23, 2024, extending ...

The Cyprus Chamber of Commerce and Industry (Keve), in collaboration with the German-Hellenic Chamber of Commerce and Industry and the German Embassy in Cyprus, is set to host a business ...

The Research and Innovation Foundation (RIF) this week announced its key funding calls for 2025, with a total budget exceeding €45.3 million. According to the foundation, the planned programmes aim to strengthen ...

The Bank of England looks set to cut interest rates on Thursday for only the third time since just after the start of the COVID-19 pandemic in 2020, as it juggles ...

Oil prices edged up in Asian trading on Thursday after Saudi Arabia’s state oil company sharply raised March oil prices, but the increase was barely a blip on the ...

Cyprus’ real estate market kicked off the new year with a 21 per cent increase in property sales, compared to the same month last year, primarily driven by Limassol’s record-breaking ...

Lending criteria for businesses and households in Cyprus remained unchanged during the third quarter of 2024, when compared to the previous quarter, according to the bank lending survey published by the ...

British services firms lost momentum last month as a looming rise in employer taxes led to the fastest job cuts in four years but price pressures remained strong, according to ...

OPEC oil output fell in January for a second month, a Reuters survey found, as a drop in exports from Nigeria and Iran offset a rebound from the United Arab ...

Cyprus betting revenues rose 13 per cent year-on-year during the third quarter of 2024, according to the National Betting Authority. The authority on Wednesday reported that total betting revenues from Class A (...

Lending criteria for businesses and households in Cyprus remained unchanged during the third quarter of 2024, when compared to the previous quarter, according to the bank lending survey published by the ...

The Bank of Cyprus on Wednesday announced the launch of a new rewards initiative for mortgage borrowers who have remained up-to-date with their repayment schedules. The programme is part of ...

The Cyprus Property Developers Association has called on banks to revise their lending policies, stressing the need for alignment with European standards. The issue was raised during a meeting earlier ...

Eurobank Cyprus has renewed its cooperation agreement with Cyprus Seeds, a non-profit organisation focused on the commercialisation of innovative academic research. This is the sixth consecutive year of Eurobank supporting ...

Energy Minister George Papanastasiou is at the forefront of government initiatives designed to strengthen support for small and medium-sized enterprises (SMEs). These initiatives primarily focus on enhancing their access to ...

The European Community Shipowners’ Associations (ECSA) have endorsed the European Commission’s new Competitiveness Compass, viewing it as a fundamental initiative for enhancing competitiveness and fostering open trade. The EU’...

Household deposit and lending rates in Cyprus continued to rise in December, according to a report released this week by the Central Bank of Cyprus (CBC). The interest rate for ...

New business and household loans in Cyprus reached a record high of €3.9 billion in 2024, up from €3.3 billion in 2023, according to the Central Bank of Cyprus (CBC). This total represents the ...

Exploration activities in three offshore blocks inside Cyprus’ exclusive economic zone (EEZ) have come to an end after the licenses expired without renewal, the government said on Tuesday. Licenses to ...

British consumers received some relief to pressure on their budgets in January as a step-up in supermarket promotions meant grocery inflation edged lower following four straight months of rises, according ...