#BusinessTop

In the European maritime arena, Cyprus plays a notable role in advancing sustainable shipping practices, with a focus on initiatives led by key industry player Lemissoler Navigation. This exploration delves ...

The Cyprus Investment Funds Association (CIFA) this week held its annual general meeting (AGM), which sought to highlight the significant role and contributions of the investment funds sector in driving ...

Shares of smaller AI firms rallied on Thursday after the world’s most dominant artificial intelligence chipmaker, Nvidia, disclosed stake in them, offering clues on its growth strategy. The rally ...

Finance Minister Makis Keravnos on Thursday said that new support measures will be discussed at the upcoming Cabinet meeting, scheduled for next week, after which they will be announced to ...

Britain’s economy fell into a recession in the second half of 2023, a tough backdrop for Prime Minister Rishi Sunak who has promised to boost growth ahead of an election ...

Japan’s Sony (6758.T) slashed the full-year sales forecast for its PlayStation 5 console on Wednesday and said it plans to list its financial business next year as it focuses on ...

Google for Startups, NVO Lab, and GameDev Cyprus (GDCy) are gearing up for the launch of the LVLUP Accelerator, a dedicated programme aimed at supporting gaming companies in Cyprus, according ...

OPEC on Tuesday stuck to its forecast for relatively strong growth in global oil demand in 2024 and 2025 and raised its economic growth forecasts for both years saying there was further ...

Paphos hotels are reporting a drop in occupancy rates during the first quarter of 2024, when compared to the same period of the previous year, according to Evelyn Komodromou, deputy president ...

Hermes Airports on Monday announced the launch of a new, online publication, dedicated to the travel and aviation industry. The publication, titled Flight Mode, will be released on a monthly ...

The Central Bank of Cyprus (CBC) on Monday released an announcement addressing recent media reports, concerning the European Banking Authority’s (EBA) peer review report on the supervision of creditors’ ...

Cypriot real estate analytics startup Ask Wire is aiming to create a comprehensive real estate database for the Balkans, as it is now in talks with Romanian companies to showcase ...

EU member states and MEPs struck a preliminary deal on Saturday to ease the bloc’s stringent fiscal rules, giving governments more time to reduce debt as well as incentives ...

Amazon.com has begun rolling out a new artificial intelligence assistant that is meant to address shoppers’ product questions, but the feature raises as many questions as it answers. Rufus, ...

Here are the top business stories in Cyprus from the week starting February 5: Recently, the Cyprus Securities and Exchange Commission (CySEC) reached settlement agreements with two Cypriot companies, namely the ...

The Cyprus Mail attended this week an exclusive networking event hosted by bbf: at Limassol’s Sky Tower, where a diverse panel of speakers shared their insights on “Trends in ...

Government spokesperson Konstantinos Letymbiotis on Friday stated that nearly 2,000 companies had registered with the Company Facilitation Unit since 2022, employing 19,000 skilled workers. Letymbiotis, who was speaking at a press conference, added ...

Germany’s Economy Ministry informed Rosneft earlier this week that it was considering expropriating shares in the company’s German assets, the Russian oil giant’s law firm in Germany ...

President Nikos Christodoulides on Thursday presented the progress of implementing Cyprus’ Strategy for Attracting Investment and Talent, which has been in effect since 2022, along with the new actions designed to ...

Vice President and Senior Analyst at Moody’s risk assessment group Haiko Peters this week praised the Cypriot’s economy steady improvement, referencing both its growth and ability to weather ...

Big Oil firms are handing shareholders more money than ever and are promising more going forward in an attempt to reassure investors of their discipline and resilience in the face ...

Finance Minister Makis Keravnos on Wednesday announced that the Cabinet has approved the revision of the strategic plan aimed at attracting foreign businesses to Cyprus. The revised strategy, according to ...

British retailers reported sluggish sales in January as shoppers remained cautious about spending, according to a survey published on Tuesday which underscored how high inflation and borrowing costs are weighing ...

Bank of Spain governor Pablo Hernández de Cos on Tuesday said that the European Central Bank (ECB) will proceed with cutting interest rates, without, however, specifying the timeline for ...