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National flag carrier Cyprus Airways on Wednesday announced the launch of direct flights between Larnaca and Brussels International Airport, in what is being described as...
Cyprus sees interest rate for housing loans hit 4.91 per cent
The lending interest rate for home purchases hit 4.91 per cent in October 2023, according to the Central Bank of Cyprus’ (CBC) latest Monetary and...
Cyprus puts strong showing at major European startup festival
Cyprus’ dynamic research and innovation scene had a strong showing at this year’s SLUSH 2023, an innovation-driven startup event held in the heart of Helsinki...
ECB hawk Schnabel scraps more rate hikes after ‘remarkable’ inflation drop
The European Central Bank can take further interest rate hikes off the table given a “remarkable” fall in inflation and policymakers should not guide for...
European air travel prices increased more slowly than inflation rate
European air travellers are experiencing airfares below the inflation rate as the aviation market stages a post-pandemic resurgence, the International Air Transport Association (IATA) recently...
Keve urges action to salvage Cyprus’ international reputation
Outgoing Cyprus Chamber of Commerce & Industry (Keve) president Christodoulos Angastiniotis on Monday used his speech at the chamber’s annual general meeting to touch on...
Mortgage-to-rent scheme launched amid massive interest (updated)
The Cyprus Borrowers Association (Syprodat) on Monday released a statement expressing its satisfaction with the official launch of the mortgage-to-rent scheme, which went into effect...
Oil down as uncertainty over OPEC+ supply cuts, demand growth weigh
Oil futures reversed course after rising briefly on Monday amid persistent pressure from the OPEC+ decision and uncertainty over global fuel demand growth, although the...
Fishing industry rides tech wave to go green
Sensors, “smart” buoys and high-tech traps can make fisheries in Europe more sustainable and profitable. By Helen Massy-Beresford Professor Zigor Uriondo was so keen to...
Cyprus Business Now: weekly wrap-up
Here are the top business stories in Cyprus from the week starting November 27: The government and Chevron have agreed on the terms for developing...