#BusinessPick

The Cyprus Borrowers Association (Syprodat) this week released a statement expressing appreciation for the government’s third support package aimed at alleviating the burden on vulnerable groups, while also noting ...

The government is moving towards imposing rents on state-owned properties based on usage rather than market value, in an attempt to resolve any discrepancies observed in industrial areas and zones, ...

Agriculture Minister Maria Panayiotou on Tuesday said that the ministry’s goal is to increase the sector’s contribution to the country’s GDP, combined with enhancing its sustainability to ...

Serious concerns were raised on Tuesday over whether the company assigned to take on the expansion and restoration of Larnaca port will be able to complete the works. The company, ...

Russia’s Baltika Breweries has sued four Carlsberg subsidiaries for damages amounting to 6.24 billion Danish crowns ($902 million), Russian court filings showed, as the two parties fight over the future of ...

Google agreed to destroy billions of data records to settle a lawsuit claiming it secretly tracked the internet use of people who thought they were browsing privately. Terms of the ...

British house prices rose in March at their fastest annual pace since December 2022, adding to signs of a modest recovery in the market which has been squeezed by high interest ...

UBS (UBSG.S) on Tuesday announced it was launching a new share buyback programme of up to $2 billion, with up to half being completed in 2024. The scheme will begin on ...

The Cyprus Statistical Service (Cystat) on Tuesday released a report showing an increase in the average gross monthly earnings of employees during the fourth quarter of 2023, when compared to the ...

The accommodation and food service sector was the second-largest contributor to both the economy and employment in Cyprus in 2021, according to Eurostat, the EU’s statistical service. Specifically, accommodation and ...

Prices in British shops rose at the slowest pace in more than two years in March, the British Retail Consortium (BRC) said on Tuesday, adding to signs that the country’...

Cablenet has broken the 10 per cent market share barrier in mobile contract subscriptions, climbing to third position, according to a report published by the Office of the Commissioner for Electronic ...

Oil prices rose on Tuesday, underpinned by signs that demand may improve China and the US, the world’s biggest oil consuming nations, and growing concerns of a widening conflict ...

By Nicolas Christodoulides, Senior ESG Analyst BOC is focusing its efforts on fighting climate change, which is the biggest challenge that humanity faces Stainability is often defined as meeting the ...

Rent control in Cyprus has turned into a cumbersome obstacle, casting a shadow over the local property market and stifling both development and investment opportunities, according to the Cyprus Real ...

European Union countries’ budget cuts have eaten into layers of government that need now to be reinforced given their vital role in the transition to a more green and digital ...

Runaway prices at US fast-food joints and restaurants have made people skittish down the income ladder and executives at chains including McDonald’s (MCD.N) and Wendy’s (WEN.O) ...

Britain’s government has been urged to provide more support for the software industry with measures including tax incentives and talent visas. More than 120 industry leaders have called for government ...

HSBC has said that it is setting up a $1 billion growth fund called ASEAN Growth Fund that provides lending to companies that are scaling up via digital platforms across Southeast ...

Russia’s central bank only considered keeping its key rate unchanged at 16 per cent at the March meeting, as it believes the current decline in inflation pressure is less pronounced ...

Top London-focused landlords are betting on environmentally compliant office spaces at prime locations that offer higher rents as tenants become more selective in their real estate investments amid hybrid work ...

Cyprus’ Deputy Ministry of Tourism has announced a scheme to sponsor experiential workshops in traditional crafts, agricultural and livestock product processing, and gastronomy, in order to boost rural tourism. As ...

Nvidia earned its $2.2 trillion market cap by producing artificial-intelligence chips that have become the lifeblood powering the new era of generative AI developers from startups to Microsoft (MSFT.O), OpenAI ...

The Department of Agriculture, under the Ministry of Agriculture, Rural Development, and Environment, has unveiled the 7th Call for Applications from April 2, 2024, to June 14, 2024, for the subsidy scheme aimed at ...