#BusinessTop

International rating agency Fitch has affirmed Cyprus’ Long-Term Foreign-Currency Issuer Default Rating (IDR) at BBB, assigning a Stable Outlook, assuming that fiscal surpluses will continue despite economic slowdown, whereas the ...

The European Central Bank (ECB) on Thursday raised interest rates for the eighth consecutive time, in line with market expectations, staying on a path of policy tightening, as it continues ...

Cyprus Airways and Aegean Airlines this week announced their plan to work together on codeshare flights, which will start on June 20, with the aim of improving connectivity and travel options ...

Cyprus has been ranked in 18th place as an attractive investment destination National investment promotion agency, known as Invest Cyprus, chairman Evgenios Evgeniou showcased Cyprus’ ambitious investment strategy during a ...

The European Institute of Innovation and Technology (EIT) and the Research and Innovation Foundation (Idek) this week co-organised an Info Day at the A.G. Leventis Gallery, where they unveiled ...

The significant improvement in the yield margins of yesterday’s issuance of AT1 capital bonds reflects the bank’s transition into a sustainable and profitable banking institution, according to Bank ...

In a groundbreaking initiative, the Cyprus Institute successfully organised its first networking seminar, titled “Innovation Workshop and Speed Networking Event,” aimed at bridging the gap between research and industry in ...

Toyota (7203.T) will introduce high-performance, solid-state batteries and other technologies to improve the driving range and cut costs of future electric vehicles (EVs), the automaker said on Tuesday, a strategic ...

Cyprus and Greece have taken different paths toward resolving the previously sizable number of non-performing loans (NPLs) in each country, according to a recent piece of analysis by rating agency ...

Cyprus-based investor Alexey Gubarev has recently become the owner of the land where Sodap’s wine factory was for over €32 million, according to an announcement released this week. The 38,827 square ...

Here are the top business stories in Cyprus from the week starting June 5: Cypriot firm Ask Wire on Thursday released a report examining the Paphos property market for 2022, including an ...

Construction costs and demand keep property prices high Housing prices in Cyprus continued their upward trajectory in the fourth quarter of 2022, driven by both increased construction costs and rising demand, ...

Lebanon must take urgent action on comprehensive economic reforms to avoid “irreversible consequences” for its economy, the International Monetary Fund said on Thursday. IMF spokesperson Julie Kozack told reporters that ...

Luxury properties valued above €400,000 were the driving force in Paphos’ housing market in 2022 Cypriot firm Ask Wire on Thursday released a report examining the Paphos property market for 2022, including an ...

Ariana Resources, the AIM-listed mineral exploration and development company with mining interests in both Cyprus and elsewhere in Europe, this week released its financial results for 2022, posting a pre-tax profit ...

Cyprus’ unemployment rate rose to 6.8 per cent during the first quarter of 2023, despite the increase in the number of employed individuals, compared to 6.6 per cent in the same quarter of 2022, ...

The International Air Transport Association (IATA) this week called for the implementation of consumer protection regulations in order to address the shared responsibility among all stakeholders when passengers face disruptions. ...

The economy of Cyprus is expected to experience a slowdown, with growth projected to reach approximately 2.5 per cent in 2023, according to a report released on Tuesday by the International Monetary ...

Investors who earned easy money with high-risk bonds invented after the financial crisis are being forced to accept that the rules have changed: they may not get paid. Banks typically ...

Here are the top business stories in Cyprus from the week starting May 29: A new plan is expected in the coming days to protect the primary home of people belonging ...

‘We have the right to develop at the same pace as other districts’ By Kyriacos Nicolaou The state should provide the necessary incentives so that the Famagusta district is able ...

Cyprus’ tourism revenue experienced a remarkable increase of 41.5 per cent in March 2023, according to a report released on Friday by the state’s statistical service. According to the report, Cyprus’ ...

Airlines will ride the crest of a faster-than-expected recovery and discuss ways of translating climate pledges into action at a summit buoyed by a return to business as usual next ...

Cyprus’ general government generated a surplus of €291.9 million in the first quarter of 2023, equivalent to 1 per cent of GDP, according to a report released this week by the Cyprus Statistical ...