#BusinessTop

Cyprus’ transportation and storage sector experienced a substantial growth of 17.3 per cent during the second quarter of 2023, compared to the same period last year, according to a report released this ...

Greek lender Eurobank on Wednesday announced that it has formally entered into a share purchase agreement with Poppy S.à r.l., outlining its intention to acquire an additional 17.3 per cent ...

Banks in Britain may be free to award even bigger bonuses from January but new pay perks are unlikely to help the country’s financial industry outshine its rivals because ...

The government is “seriously considering” levying a windfall gains tax on banks to offset the earnings they’re making due to the rise in interest rates, reports said on Tuesday. ...

The cost of the government’s actions will become evident in the medium-term and it have to take responsibility for its choices, former finance minister and opposition Disy MP Harris ...

Israeli hotel group Fattal is set to acquire the Limassol Grand Resort and recently acquired the Latsi Holiday Village Resort, the group announced on Monday. This will extend the company’...

Former Disy leader Averof Neophytou on Thursday called on the government to take immediate measures to deal with the negative trends shown by economic indicators in the second quarter of ...

Political opposition criticised the government on Wednesday, after a 0.4 per cent decrease was noted in a European statistical service (EuroStat) report on the second quarter of the year. According to ...

Amid international supply-chain disruptions, the EU is stepping up efforts to ensure the European food system benefits family farmers, Europe’s regions and its consumers. By Alex Whiting When Paolo ...

In a groundbreaking development that bridges the European and Philippine markets, Tempo France, a leading international payment system operator, has entered into a landmark partnership with Cebuana Lhuiller, a prominent ...

Many workers across the U.S. are turning to ChatGPT to help with basic tasks, a Reuters/Ipsos poll found, despite fears that have led employers such as Microsoft and ...

In today’s business landscape, Environmental, Social, and Governance (ESG) factors have emerged as key drivers of long-term value creation and sustainable growth for companies across industries Beyond financial performance, ...

The Bank of Cyprus Group on Wednesday announced an after-tax profit of €220m for the first six months of this year, a five-fold increase on the €43m posted for the ...

Electrical interconnections have a critical role to play in our collective efforts to achieve climate neutrality, according to Andreas Poullikkas, Chairman of the Cyprus Energy Regulatory Authority (CERA). Poullikkas explained ...

The Cyprus construction sector has seen a simultaneous increase in both the area and value of construction permits issued by municipal authorities and district administrations during the initial five months ...

Moody’s cut credit ratings of several small to mid-sized US banks on Monday and said it may downgrade some of the nation’s biggest lenders, warning that the sector’...

Cyprus has been garnering substantial attention from international investors, particularly from fund managers and investment funds, as it solidifies its position as a top investment destination in Eastern Europe and ...

A major increase in solar power generation in southern Europe played a leading role in averting energy shortages during the heatwaves of recent weeks when temperatures broke records and drove ...

MP Materials (MP.N) and other Western companies are seeking to develop supplies of processed rare earths needed for the green energy revolution in a sector dominated by China. The 17 ...

Here are the top business stories in Cyprus from the week starting July 31: Hellenic Bank on Tuesday announced that chief executive officer Oliver Gatzke will be stepping down from his ...

The University of Cyprus Entrepreneurship Centre (CEC) on Friday officially announced the commencement of the Cyprus Entrepreneurship Competition (CyEC) for 2023. As with every year, the competition is organised by the ...

The Bank of England’s modest rate hike on Thursday soothed politicians’ angst over runaway borrowing costs while its pledge to deliver more if needed signalled to markets that it ...

Cyprus saw its net new borrowing, excluding restructurings, reach €1.73 billion in the first half of 2023, showing a modest annual increase of 1.26 per cent, according to a report released this week ...

State-owned asset management company Kedipes on Thursday announced that in the coming days, it will be returning interest payments totalling €4.6 million to borrowers with restructured credit facilities for the first ...