#BusinessTop

The University of Cyprus’s Economics Research Centre (CypERC) this week revised its projections for the country’s real GDP growth downward for 2023, citing various challenges and uncertainties. The centre’...

The pound rose on Thursday after the Bank of England held interest rates at a 15-year high but stressed that it did not intend to cut them any time soon. ...

The Cypriot government has reported a surplus of €931.6 million for the period spanning January to September 2023, according to a preliminary estimate released this week by the state’s statistical service. ...

Despite the accumulated challenges it faces, the real estate sector in Cyprus continued to display its resilience during the third quarter of 2023, the Real Estate Agents Registration Council said on ...

Cyprus has been selected to host the International Conference and General Assembly of the Women’s International Shipping and Trading Association (WISTA International) in 2024, with the event set to take ...

Household debt in Cyprus has fallen to 69 per cent of the Gross Domestic Product (GDP), according to a report released on Tuesday by the Central Bank of Cyprus (CBC), for ...

BP (BP.L) on Tuesday reported third-quarter earnings of $3.3 billion, missing analysts’ forecasts as strong oil trading and refining margins were offset by weak gas results while the firm wrote ...

The European Central Bank (ECB) kept interest rates unchanged last week, breaking a remarkable trend of ten successive rate hikes. The ECB remained resolute in its stance that the increasing ...

Australia has rejected European Union proposals for a free trade agreement, and a deal is now unlikely to be reached for several years, Australian government ministers said on Monday. The ...

The global smartphone market displayed a glimmer of hope with a slight decline of 1 per cent during the third quarter 2023, according to a recent report by industry analysts Canalys. The ...

Here are the top business stories in Cyprus from the week starting October 23: Cyprus witnessed a significant increase in its government debt-to-GDP ratio at the end of the second quarter ...

Despite numerous challenges stemming primarily from rising loan interest rates, persistent inflation, the repercussions of the war in Ukraine, and the ongoing shockwaves of the coronavirus pandemic, the Cyprus real ...

Cyprus’ real estate market witnessed a record number of sales during the second quarter of 2023, reaching a level not seen in 15 years, according to a report released this week by ...

Lending criteria for both businesses and households in Cyprus remained tight during the second quarter of 2023, reflecting the cautious approach adopted by Cypriot banks, according to a report released this ...

Invest Cyprus, the national investment promotion agency, played a prominent role in the World Investment Forum (WIF) in Abu Dhabi, an event organised by the United Nations Conference on Trade ...

The International Air Transport Association (IATA) recently released its latest industry report, revealing that the remarkable resurgence in passenger traffic, witnessed post-pandemic, persisted through August. “Demand for air travel performed ...

President Nikos Christodoulides this week underlined the government’s commitment to building a resilient economy, with a focus on modernity, justice, transparency, and the green and digital transition at its ...

Oil fell for a fourth day on Wednesday as concerns about slowing European demand offset worries about Middle East supply disruptions stemming from the Israel-Hamas conflict in Gaza. Brent crude ...

Britain on Tuesday scrapped a decade-old cap on banker bonuses inherited from the European Union, signalling a clear divergence in post-Brexit financial rules from the 27-country bloc it left in 2020. ...

Numerous stakeholders from the investment sector and the local business community this week highlighted Cyprus’ remarkable progress in the field of investment capital during the 9th International Funds Summit and ...

A race is on to certify battery health and performance in used electric vehicles, with a clutch of startups scrambling to help buyers figure out how much a secondhand EV ...

Cyprus witnessed a significant increase in its government debt-to-GDP ratio at the end of the second quarter of 2023, rising by 2.2 percentage points from the previous quarter, to reach 85.3 per cent, ...

Asset management doValue Cyprus announced on Monday that it has teamed up with Ablebook to pioneer an initiative focused on fostering inclusivity and accessibility in Cyprus. Ablebook, a groundbreaking application ...

Governments should open a new front in the international clampdown on tax evasion with a global minimum tax on billionaires, which could raise $250 billion annually, the EU Tax Observatory said ...