#BusinessTop

Cyprus housing market prices continued on an upward path in the third quarter of 2023, with apartments recording the highest increase. The Central Bank of Cyprus (CBC) forecasted consistent growth on ...

Paphos is set to undergo a digital transformation in 2024 with the Paphos Regional Tourism Board (Etap) committing extensive funds to develop its digital presence. Etap has announced an investment exceeding €220,000, ...

Cyprus has introduced the National Cybersecurity Certification Authority, with the primary objective of positioning it as a regional centre for cybersecurity services. The authority, as per the announcement from the ...

Meta Platforms (META.O) said on Tuesday it would hide more content from teens on Instagram and Facebook, after regulators around the globe pressed the social media giant to protect ...

Cyprus recorded an increase in registered vehicles throughout the year 2023, according to the latest report from the Cyprus Statistical Service (CSS), Motor Vehicle Registrations. The total number of registered vehicles ...

Information reported by the Cyprus Statistical Service (Cystat) shows a change in the country’s trade balance for January to November 2023, indicating a considerable increase in the deficit by €962.3 million ...

Mediterranean Hospitality Venture (MHV) Ltd has agreed to sell 50 per cent of its stake in Aphrodite Hills Resort Limited (AHRL) to WRA Consultants Ltd, a private company registered in Cyprus. ...

Freight costs have increased dramatically as a result of the Houthi attacks on ships in the Red Sea, with some ships now going round the Cape of Good Hope to ...

The Cyprus Organisation for Standardisation (CYS) and the Great Britain-Cyprus Business Association (GBCY) have announced a strategic partnership to strengthen business connections and opportunities between companies in the UK and ...

Volkswagen’s voice assistant integrating ChatGPT into its cars will be able to converse with users in a back-and-forth dialogue by the middle of the year, the carmaker said on ...

Netflix (NFLX.O) has defeated a lawsuit filed by shareholders in a federal court in California that accused the streaming entertainment company of hiding the extent to which account-sharing was ...

In the third quarter of 2023, Cyprus experienced a notable increase in its current account deficit, reaching €517 million, compared to €399 million in the same period last year, according to preliminary data ...

A group of critical raw materials may help Europe reduce supply-chain vulnerabilities. By Michael Allen Dr Arne Petter Ratvik is championing high-tech goods for Europe through a low-tech source: fertiliser. ...

Here are the top business stories in Cyprus from the week starting January 1: Mortgage-to-rent scheme a favourable arrangement, Hellenic Bank released on Tuesday a statement welcoming the recent launch of ...

Microsoft (MSFT.O) said it is adding a button to its Windows keyboard that would pull up the tech giant’s Copilot service, in the first change for the device ...

Minister of Finance Makis Keravnos, has confirmed that employees in both the public and private sectors, entitled to the Cost of Living Allowance (CoLA) will receive a 2.44 per cent wage ...

Director General of the Cyprus Shipping Chamber Thomas Kazakos said that there is an urgent need to address the Houthi attacks against ships sailing through the Red Sea, stressing that ...

In a proactive move aimed at fortifying the resilience of financial institutions against evolving cyber threats, the European Central Bank (ECB) has unveiled plans for a comprehensive stress test involving 109 ...

The economic climate in Cyprus worsened in December 2023, accompanied by increased economic uncertainty, according to a report released this week by the University of Cyprus’ Economic Research Centre (CypERC). According ...

Paphos hotels experienced a moderate occupancy rate in December, ranging between 35 and 40 per cent, according to Evripides Loizides, president of the Paphos Hoteliers’ Association (Pasyxe). Loizides also said that the ...

Cypriot banks saw a rise in deposits and loans during November 2023, according to the Monetary and Financial Statistics report, valid as of December 2023, released by the Central Bank of Cyprus (...

Hellenic Bank on Tuesday released a statement welcoming the recent launch of the mortgage-to-rent scheme, which went into effect on December 4, 2023, describing it as a favourable way for eligible borrowers ...

Saudi Arabia’s Public Investment Fund accounted for about a quarter of the almost $124 billion spent by sovereign wealth funds worldwide last year, a report published on Jan. 1 showed. PIF’...

Here are the top business stories in Cyprus from the week starting December 25: The long-anticipated completion of bids for the Paphos marina is set for late 2024, according to George Mais, ...