#BusinessTop

Short-term rental properties are increasing in popularity in Cyprus, quickly becoming a mainstay in the accommodation choices of both travellers and locals, according to Yiannis Kotzias, general manager of operations ...

Oil prices nudged higher on Monday, recovering from sharp falls last week, after Washington pledged to launch further strikes on Iran-backed groups in the Middle East and as Ukrainian drones ...

Researchers are going beyond conventional solar panels in a bid to generate heat and electricity from the other external surfaces of buildings. By Jack McGovan In social housing on the ...

Here are the top business stories in Cyprus from the week starting January 29: In maritime affairs, the Cyprus Shipping Chamber (Kne) announced on Monday that it is marking 35 years of ...

Cyprus experienced a modest uptick in inflation in January 2024, with a 1.7 per cent increase compared to a 1.64 per cent rise in December 2023. The annual inflation rate for January 2023 had reached 7.11 ...

The Bank of Cyprus on Friday announced that it has successfully returned a total of €2.2 million to up-to-date mortgage borrowers, as part of their ongoing reward plan. According to the ...

The Central Bank of Cyprus (CBC) this week released a quarterly report showing that the interest rate on household deposits with a maturity of up to one year increased to 2.29 ...

Finance Minister Makis Keravnos and Cyprus Central Bank (CBC) governor Constantinos Herodotou held a meeting on Thursday, discussing a potential decrease in interest rates by the European Central Bank (ECB) ...

Copper prices set to soar by more than 75 per cent over next two years Mark Rachovides, chairman of Venus Minerals and a member of Euromines, the voice of the European ...

Tankers carrying Russian oil have continued sailing through the Red Sea largely uninterrupted by Houthi attacks on shipping and face lower risks than competitors, according to shipping executives, analysts and ...

The economic climate in Cyprus showed signs of improvement in January 2024, according to a report released this week by the University of Cyprus’ Economic Research Centre (CypERC). The Economic Sentiment ...

Cyprus’ Deputy Ministry of Tourism on Wednesday stated that it sees a feasible opportunity for a further increase in tourist arrivals from Switzerland, estimating the number of visits from the ...

The International Air Transport Association (IATA) has reported encouraging data for November 2023, signalling a robust recovery in the air travel sector, with demand surpassing 99 per cent of 2019 levels. Total air ...

Deputy Minister of Tourism Kostas Koumis this week addressed long-lasting competitiveness issues in the Pernera area, between Protaras and Paralimni, acknowledging the closure of eight tourist accommodation units since 2006. “Concerning ...

The European Central Bank (ECB) kept interest rates unchanged at a record high on January 25, meeting the expectations of analysts, and reiterated its commitment to lowering inflation. In addition, there ...

Cypriot real estate data analytics firm Ask Wire on Monday released a report outlining the ten most lucrative property transactions completed in Cyprus during 2023, along with additional analysis pertaining to ...

Ryanair (RYA.I) has told Boeing (BA.N) that if any US customers refuse to take delivery of 737 MAX 10 aircraft, that it would buy them “at the right price,” executives ...

Advances in plane technology promise one day to help many people in Europe and elsewhere get a better night’s sleep. By Tom Cassauwers In mid-December 2023, a demonstration in Ireland ...

Here are the top business stories in Cyprus from the week starting January 22: The Cyprus Stock Exchange (CSE) concluded 2023 on a high note, with listed securities surpassing €4 billion, as reported ...

Health, safety, quality and environment, and sustainability manager at Limassol-based Island Oil Holdings Demetris Lemesianos recently spoke to the Cyprus Mail, providing insights into the group’s sustainability initiatives within ...

The value of deposits in the Cypriot banking system experienced a substantial monthly increase of €346 million in December 2023, reaching a total €52.2 billion, according to a report released on Friday by ...

Oil prices eased on Friday but were set for their biggest weekly gain since October as positive US economic growth and signs of Chinese stimulus boosted fuel demand sentiment. Brent ...

Tesla (TSLA.O), tumbled nearly 11 per cent on Thursday after CEO Elon Musk warned sales growth would slow this year despite price cuts that have already hurt margins and raised ...

The European Central Bank kept interest rates unchanged as expected at a record high on Thursday and reaffirmed its commitment to fighting inflation, giving not a hint that policymakers are ...