#BusinessTop

Cyprus has signed an Enterprise Agreement with tech giant Microsoft to enhance the island’s digital transformation and improve the public sector’s efficiency. The €8 million agreement was signed by ...

Eurozone finance ministers decided to gradually phase out energy support measures in 2024 in favour of fiscal prudence, aimed at reducing government deficits. The gradual abolition of energy support measures was ...

Producer group OPEC and the International Energy Agency, the world’s most closely watched forecasters of oil demand growth, are further apart than they have been for at least 16 years ...

Finance Minister Makis Keravnos is in Brussels for the Eurogroup meeting at which ministers are set to discuss macroeconomic developments and prospects in the Eurozone. Their focus will be on ...

International Business Machines (IBM.N) has said that its initial testing of generative artificial intelligence (AI) tools from Adobe (ADBE.O) has resulted in productivity improvements. IBM said it was ...

Here are the top business stories in Cyprus from the week starting March 4: Recently, consulting and advisory firm PwC Cyprus hosted a significant event to present its annual report on ...

European Central Bank policymakers on Friday lined up in support of an interest rate cut in the coming months as inflation in the eurozone falls faster than they had anticipated. ...

Eurobank Cyprus on Friday released its financial results for the year 2023, posting an after-tax profit of €199.4 million, reflecting a significant increase of 111 per cent over the previous year. In addition, ...

Google, Apple, Amazon, Microsoft, Meta and TikTok owner ByteDance have scrambled over the last six months to comply with landmark EU tech rules that come into force on Thursday, from ...

Cyprus’ Deputy Minister of Tourism Kostas Koumis on Thursday expressed optimism about the German tourist market, despite the ongoing challenges in the aviation sector, and the overall negative economic climate ...

Reflect Festival, the region’s most prominent technology and innovation event, recently took its commitment to fostering international collaboration to new heights with the launch of Reflect Pop-Up Riyadh. This ...

In the age of digitalisation, the registration of trademarks holds immense significance, particularly for small businesses and emerging entrepreneurs. This process plays a pivotal role in safeguarding a company’s ...

The Cyprus Real Estate Agents Registration Council on Wednesday released an announcement stressing that it has intensified its efforts to combat the issue of illegal real estate brokering, resulting in 167 ...

Decisions on 60 per cent of corporate loans issued by Russia’s top lender Sberbank (SBER.MM) will be made using artificial intelligence (AI) by the end of this year, CEO ...

Platres’ Forest Park Hotel has been sold to forex and CFD brokerage firm XM for over €10 million, with a major €15 million renovation expected to follow, according to reports released on ...

Sterling’s meandering performance against the dollar could get a jolt this week as Britain’s finance minister faces pressure to cut taxes, but with the gilt turmoil of September 2022 ...

The European Central Bank meets on Thursday, with markets eyeing any nudge towards an interest rate cut as inflation weakens. The ECB, expected to hold rates at a record 4 per ...

Executive Manager of the Paphos Regional Tourism Board (Etap) Nasos Hadjigeorgiou has expressed cautious optimism about this year’s winter tourist season, despite acknowledging challenges and fluctuations in reservations from ...

A new generation of commercial electric vehicles is emerging to reduce air pollution and congestion in urban areas. By Karen McHugh At the end of January 2024, keen-eyed residents of the ...

Here are the top business stories in Cyprus from the week starting February 26: The Cyprus Marine Club (CMC), a renowned non-profit organisation that plays a pivotal role in bringing together ...

The Research & Innovation Foundation (RIF) this week released a statement highlighting Cyprus’ impact at the “Mobile World Congress Barcelona 2024” and “4 Years from Now” (4YFN), the world’s largest exhibitions ...

The Central Bank of Cyprus (CBC) and the Bank of Greece (BoG) on Friday signed a Memorandum of Cooperation during a ceremony held in Nicosia. The signing ceremony took place ...

The House of Representatives in the early hours of Friday morning approved a number of important pieces of legislation, during a session that lasted over nine hours, among which was ...

The following table shows crude output by the Organization of the Petroleum Exporting Countries (OPEC) in millions of barrels per day (bpd) in February and January, according to a Reuters ...