#business

Consulting and advisory firm PwC Cyprus on Wednesday released a statement detailing the various initiatives implemented by its foundation to “strengthen financial literacy and foster an entrepreneurial mindset among young ...

The Ministry of Energy, Commerce and Industry, in collaboration with the Cyprus Trade Centre in Berlin, participated in the PROWEIN 2025 international wine and spirits exhibition for the fourth consecutive year. ...

Cypriot businesses have significantly progressed with the integration of digital technologies into how they operate, according to the Cyprus Statistical Service (Cystat). This was evident in Cystat’s latest report ...

The Cyprus Bar Association has expressed strong concerns over the proposed tax reform put forward by the University of Cyprus’ Economics Research Centre (CypERC). The association has argued that it ...

Recent economic projections from Federal Reserve officials had shades of “Stagflation-lite,” in the words of one economist, a sentiment increasingly echoed among other observers of the US economy and central ...

Britain’s Financial Conduct Authority will reassess its attitude towards financial firms’ risk-taking in order to spur growth, the watchdog said on Tuesday, as it set out its next five-year ...

Russia’s central bank has warned the Kremlin’s policy makers the United States and OPEC have the capacity to flood the oil market and cause a repeat of the ...

Klarna’s upcoming US initial public offering could help unlock a pipeline of British fintech flotations after a barren period for new technology listings, investors, lawyers and an executive told ...

British retailers reported the sharpest drop in sales volumes in eight months in March and they expect to see little improvement next month, an industry survey showed on Tuesday, showing ...

Large fund managers expect the bulk of Russia’s assets to remain closed to Western investors, despite a flurry of “exotic” trades betting on a rapprochement between Moscow and Washington. ...

The New Helvetia Hotel in Platres, which was recently awarded the ‘Historic Hotel of Cyprus’ label by the Deputy Ministry of Tourism, is preparing to reopen following its most extensive ...

Household spending has seen a significant increase, according to the latest Household Budget Survey (HBS) by the Cyprus Statistical Service (Cystat). Specifically, the service reported that the average annual consumption ...

The Cyprus Borrowers Association (Syprodat) released a statement on Monday saying that despite recent interest rate cuts by the European Central Bank (ECB), many borrowers have not noticed a decrease ...

The case for another European Central Bank interest rate cut is strengthening, ECB board member Piero Cipollone said on Monday, just days after another prominent policy dove made a similar ...

The Bank of England on Monday launched its 2025 bank capital stress test for Britain’s seven largest and most systemic banks and building societies. The results of the test, which ...

The Cyprus Borrowers Association (Syprodat) released a statement on Monday saying that despite recent interest rate cuts by the European Central Bank (ECB), many borrowers have not noticed a decrease ...

The Cypriot insurance industry is experiencing heightened merger and acquisition activity, mirroring developments in the banking sector, according to a report from Stockwatch. Major Greek banks have recently pursued acquisitions ...

The Institute of Certified Public Accountants of Cyprus (Selk) has expressed reservations over certain provisions in a set of tax law amendments currently under review by the House finance committee. ...

Hellenic Bank has completed its latest voluntary exit scheme, with 154 employees departing the bank between February 17 and March 11. The initiative, which cost the group approximately €24.2 million, is expected to yield ...

By Spyros Ierides, CFA Society Cyprus In today’s modern era of cutting-edge technologies and Artificial Intelligence (“AI”), financial advice can be just a click away. Undoubtedly, this has led ...

Cyprus-based alternative investment fund Cyreit has announced the sale of Irida Tower, a multi-storey commercial building in Larnaca. The fund, a subsidiary of Prodea Investments, said that it is offering ...

By Nestor Fylaktos Recently the Cypriot electricity system has made it a habit to curtail a significant portion of solar Photovoltaic (PV) generation during daylight hours, to the irritation of ...

Data Center Alley, a 30-square-mile stretch outside Washington D.C. and home to more than 200 data centers, consumes roughly the same electricity as Boston. So power company officials were alarmed ...

Cybersecurity has evolved from being a luxury to becoming a strategic priority for organisations, according to Minos Georgakis, Director of Advisory Services at PwC Cyprus. In a recent piece of ...