#business

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 ...

Alphabet’s Google (GOOGL.O) internet search engine is eroding demand for original content and undermining publishers’ ability to compete with its artificial intelligence-generated overviews, a US educational technology company ...

A new legislative proposal seeks to exclude casino transactions from the recently enacted €10,000 cash transaction cap on goods and services purchases. The bill was submitted to the House this week ...

The Central Bank of Cyprus (CBC) has issued a warning about counterfeit $100 US banknotes circulating in the market. In its statement, the central bank urged both the public and businesses ...

The legal merger between Eurobank and Hellenic Bank is expected to be completed within the first quarter of 2025, with the final step, the operational merger, scheduled to take place over ...

Eurozone inflation prospects improved while growth remained anaemic, fresh data showed on Friday, solidifying the case for further ECB rate cuts to stimulate an economy that has been stagnant for ...

British retailers plan to cut investment by the most in more than five years against a generally weak backdrop for consumer spending and rising costs, the Confederation of British Industry ...

Microsoft (MSFT.O) has made an undisclosed equity investment in Veeam Software as part of an expanded partnership to build artificial intelligence products, the cloud data company said this week. ...

Adobe (ADBE.O) has announced that it is bringing its Photoshop app to mobile phones for the first time, offering both a free version and a paid version at the ...

Hellenic Bank is expected to finalise its acquisition of CNP Cyprus Insurance Holdings Limited by the first quarter of 2025, according to a report from Stockwatch. The deal, valued at €182 million, ...

Invest Cyprus has welcomed the recent announcements from the government regarding the country’s tax reform, highlighting its potential to further enhance the nation’s attractive tax system. The reform, ...

Artificial Intelligence (AI) is set to transform both the business and maritime sectors, according Christina Orphanidou, Director of Engineering, AI, and Data at Deloitte. Speaking at the recently held Capital ...

Alpha Bank, Greece’s fourth largest bank by market value, upgraded its profit guidance on Friday after reporting a strong net profit for 2024 due to higher fee income and stable ...

The European Investment Bank (EIB) has directed €225 million into improving Cyprus’ infrastructure, focusing on sectors such as transport, social infrastructure, student housing, and energy. During a presentation of the EIB’...

Eurobank has announced a cash dividend of 10.5 cents per share and a €288 million share buyback programme as part of its financial results for 2024. The bank’s three-year plan aims for ...

The legal merger between Eurobank and Hellenic Bank is expected to be completed within the first quarter of 2025, with the final step, the operational merger, scheduled to take place over ...

The Mall of Cyprus on Friday announced the sale of its Annex 3 office building to Karakyr Properties Ltd, a member of the E-Cars Group, for €4.6 million. It should be noted ...

Cyprus’ banking sector is undergoing significant changes, with recent mergers reshaping the financial landscape, according to a report from Stockwatch. At the same time, Cypriots are paying the highest mortgage ...

Total bank deposits in Cyprus recorded a net decrease of €211.3 million in January 2025, following a significant net increase of €977.4 million in December 2024, according to the Central Bank of Cyprus (CBC). ...

A Cypriot fintech company is playing a role in the digital transformation of Greece’s mortgage market through a partnership with Attica Bank. Ask Wire, which specialises in real estate ...

Cyprus’ petroleum product sales saw a slight dip in January 2025, falling by 2.9 per cent from the previous year to 106,552 tonnes, according to the Cyprus Statistical Service (Cystat).    Despite the overall ...

The Industrial Production Index for January–December 2024 increased by 3 per cent, compared to the same period the year before, according to a report from the Cyprus Statistical Service (Cystat). Among ...