#business

German business morale unexpectedly stagnated in February, a survey showed this week, dealing a difficult hand to a future government following a national election in which parties promised to lift ...

The Cyprus Telecommunications authority (Cyta), recorded revenues of €415 million and an expected pre-tax profit of €59 million for 2024, chairwoman Maria Tsiakka said on Monday. Speaking at a House finance committee meeting ...

OPEC and its allies face a tricky dilemma: should they start loosening oil production caps even though the crude supply and demand picture is unlikely to improve in the near ...

The Bank of Cyprus announced on Monday the launch of a €30 million share buyback programme, a move previously signalled last week during the release of its preliminary 2024 financial results. In ...

Secretary general of the International Chamber of Shipping Thomas Kazakos on Monday met with Cyprus News Agency (CNA) director Dinos Finicarides, as well as the new director general of the ...

Financial technology firm Capital.com on Monday announced the launch of a new paid internship programme for university students in Cyprus. The first group will include 30 students from the Cyprus ...

The Sklavenitis Group aims to secure second place in the Cypriot market, while upgrading and expanding storage and production facilities in Greece in 2025, according to reports that emerged on Monday. ...

Hellenic Bank reaffirmed its commitment to Cyprus’ hospitality industry with its participation at the 46th Cyprus Hotel Summit and Horeca Expo in Limassol, where sector challenges and opportunities were brought ...

European shares and the euro climbed on Monday as Germany’s election produced a mainstream outcome, while Wall Street futures firmed on hopes results from AI diva Nvidia this week ...

The European Commission plans to cut back the number of companies facing EU sustainability reporting requirements, as part of its drive to cut red tape for businesses, a draft document ...

Natural gas production from Block 6 of Cyprus’ Exclusive Economic Zone (EEZ) could commence within 2 to 2.5 years, according to Constantinos Hadjistassou, Professor at the School of Sciences and Engineering, Department of ...

The European Central Bank could cut its deposit rate down to 2 per cent by this summer, said Bank of France head and ECB policymaker Francois Villeroy de Galhau in an ...

A total of 571 counterfeit euro banknotes were withdrawn from circulation in Cyprus in 2024, marking an 11 per cent decrease compared to the previous year, according to the Central Bank of Cyprus (...

Cyprus’ non-performing exposures (NPEs) increased by approximately €16 million in October 2024, reaching €1.61 billion, according to a report released by the Central Bank of Cyprus (CBC). This CBC reported that this figure ...

Policymakers around the world may not like the word ‘stagflation,’ but they’re going to hear a lot more it this year if the import tariffs US President Donald Trump ...

If a policy-driven turnaround in Europe’s biggest economy tempts the continent’s equity investors home, they may want to look to the bloc’s faster-growing and cheaper fringes. Global ...

US business activity nearly stalled in February amid mounting fears over tariffs on imports and deep cuts in federal government spending, erasing all the gains notched in the aftermath of ...

Here are the top business stories in Cyprus from the week starting February 17: Kicking off the week, access to high-performance computing has long been a barrier for creative professionals, engineers, ...

British businesses are cutting staff at the fastest pace in more than four years ahead of a tax increase ordered by finance minister Rachel Reeves which has already prompted suppliers ...

The Bank of Israel is expected to leave short-term interest rates unchanged at a policy meeting next week after inflation spiked in January, although analysts believe a rate cut is ...

Meta Platforms has cut back on its yearly distribution of stock options by about 10 per cent for tens of thousands of employees despite the social media giant trading at record ...

The ‘Money Conference 2025: Investment Outlook Opportunities & the AI Impact’, held in Nicosia this week, explored key investment prospects and the market impact of artificial intelligence. The conference, which was ...

The Cyprus Securities and Exchange Commission (CySEC) has announced a significant policy change, allowing for a broader range of cases in which prospectuses can be submitted in English. The regulator ...

Chinese startup DeepSeek will make its models’ code publicly available, it said on Friday, doubling down on its commitment to open-source artificial intelligence. The company said in a post on ...