#BusinessPick

Cyprus’ Industrial Production Index for January 2024 saw a 4.2 per cent rise compared to the same period in 2023, reaching 99.5 units, with 2021 being the base year with a value of 100 units, according ...

President Nikos Christodoulides on Thursday met with the advisory committee on tax reform, asking that progress on this matter be accelerated, in order to reap any benefits at the earliest ...

UBS (UBSG.S) flagged on Thursday the downturn in commercial real estate markets as one of the “top and emerging risks” facing the Swiss bank, as higher borrowing costs and ...

The collapse of Baltimore’s Francis Scott Key Bridge is likely to lead to a multi-billion dollar insurance loss, the chairperson of commercial insurance market Lloyd’s of London (SOLYD....

Kremlin spokesman Dmitry Peskov said on Thursday that Russia was working with partners amid unprecedented pressure from the US and European Union after Reuters reported Moscow was experiencing some delays ...

Central Bank of Cyprus (CBC) governor Constantinos Herodotou on Thursday utilised the second educational video by the CBC to emphasise the vital importance of digital financial literacy in today’s ...

The largest global pitch competition, Startup World Cup, is making its debut in Cyprus this year, with the application phase for startups commencing on March 25, and entries will be accepted ...

The pound eased on Thursday after data confirmed the UK economy entered recession in the second half of last year and as the dollar put on a display of broad-based ...

The recent annual tourism conference, organised by the Association of Cyprus Tourist Enterprises (Stek) with the support of Hellenic Bank, focused on discussing the future of Cyprus’ tourism industry and ...

The economic climate in Cyprus experienced a downturn in March, with the Economic Sentiment Indicator (ESI) falling due to worsening business conditions across all sectors. Specifically, according to the Centre ...

Cyprus’ state budget deficit for 2023 increased by €80 million, compared to the deficit recorded in 2022, according to the state’s fiscal report submitted to the House of Representatives this week. Specifically, ...

Interior Minister Constantinos Ioannou addressed the 18th Real Estate, Land Development, Planning, and Construction Conference on Wednesday, outlining recent developments in the real estate sector, as well as the government’...

Britain’s financial watchdog set out guidelines earlier this week to stop misleading adverts on social media, and warned “influencers” that promoting a financial product without regulatory approval could be ...

Renault (RENA.PA), opens new tab plans to sell a stake of about 2.5 per cent in Nissan (7201.T), opens new tab shares to the Japanese carmaker in a deal that ...

Japan’s finance minister issued his strongest warning to date on Wednesday about yen weakness as it fell to a 34-year low against the dollar, saying authorities could take “decisive ...

The Cyprus Chamber of Commerce & Industry (Keve) on Wednesday successfully held its ‘Cyprus-Estonia: Promoting Bilateral Collaborations‘ event, as part of the official visit of the President of Estonia Alar ...

Cyprus saw a decrease in net demand for new business loans in the final quarter of 2023, continuing a downward trend observed since the first quarter of 2022, albeit to a lesser ...

International rating agency, Morningstar DBRS this week slightly downgraded its estimates for Cyprus’ economic growth in 2024 to 2.4 per cent, compared to the 2.5 per cent forecasted in December. However, it significantly ...

The Finance Ministry on Wednesday released a statement welcoming the outcomes of the European Commission’s recent in-depth review, highlighting that they “demonstrate the government’s sound economic policies and ...

The Chartered Financial Analyst (CFA) Society Cyprus recently held an educational interactive day focused on private equity and investment funds. The event involved the presence of members of the association, ...

Cyprus took part in the International Food and Drink Event (IFE) this week, promoting a number of products at the three-day international food and beverage event, that opened its doors ...

Russian oil firms face delays of up to several months to be paid for crude and fuel as banks in China, Turkey and the United Arab Emirates (UAE) become more ...

The Federal Reserve said on Tuesday that it officially saw a net negative income of $114.3 billion in 2023, a record loss tied to expenses related to managing the US central bank’...

The European Commission this week released a report noting that Cyprus’ economy is on a healthy trajectory, expecting both GDP to grow and inflation to decrease. However, it added that ...