Business

In presenting his ‘State of the Republic’ address on Cyprus on January 29, President Nikos Christodoulides stressed that the goal of the policy actions to be taken in 2025 would be “to ...

After a record-breaking year in 2024, extending the tourist season, enriching the tourist product and developing new markets are the goals for 2025, deputy minister of tourism Costas Koumis said on Sunday. ...

Chief executives of global companies left their jobs in record numbers last year, pushed by intense scrutiny from investors and pressure to keep up with change, according to leadership advisory ...

Here are the top business stories in Cyprus from the week starting January 27: The Limassol Chamber of Commerce and Industry (Evel) has called for a comprehensive and environmentally conscious approach ...

By Stefanos Sofroniou The remarkable resurgence of the crypto industry marks a strong turnaround from the collapse of crypto-exchange FTX not long ago, with Bitcoin soaring from just $16,000 two years ...

Wind power generation in Germany – Europe’s largest wind producer – is on track to record its longest stretch of below-normal production since early 2021 due to a spell of low wind ...

Top computer chip equipment maker ASML has reported fourth-quarter bookings of 7.09 billion euros ($7.39 billion) that far exceeded expectations, as a boom in AI drove demand for the company’s most ...

A record EU antitrust fine of 4.3-billion-euro ($4.5 billion) imposed on Google seven years ago punished the tech giant over its innovation, the Alphabet unit (GOOGL.O) told Europe’s top ...

JPMorgan (JPM.N) is in talks to take overflow office space in Credit Suisse’s empty former offices in Canary Wharf, a source familiar with the matter told Reuters, having ...

Prices in British shops fell a bit less sharply in January than in December and food costs rose at the fastest monthly pace since April last year, according to a ...

Kyndryl, the world’s largest IT infrastructure services provider, with a presence in Cyprus, hosted a well-attended event on Thursday, January 23, 2025, focusing on IT readiness and modernisation.  Themed “Navigating IT ...

The Bank of Cyprus on Friday announced that it has responded to the European Central Bank’s (ECB) interest rate reduction decisions, lowering its reference rate for loans linked to ...

European banks are expected to report a sharp rise in profits for the final three months of last year, helped by still-robust margins from lending and bumper investment banking revenues. ...

HSBC (HSBA.L) is preparing to wind down its M&A and equity capital markets businesses in Europe, the UK and the Americas as part of a major shake-up ...

Morgan Stanley has forecast UK’s economic growth would be less than 1 per cent this year, echoing the estimate of its Wall Street peers Goldman Sachs and J.P.Morgan, ...

The Cyprus Architects’ Association (Sak) on Friday called for stricter controls and immediate amendments to laws governing the establishment and operation of tourist facilities on the island. The announcement follows ...

Superhome Centre has been sold to Vasilitsi Diy Ltd for €94 million and the transaction is expected to go through by the end of February. Ermes Department Stores Plc, which holds 51 ...

Economic sentiment in Cyprus experienced a slight downturn in January 2025, with the Economic Sentiment Indicator (ESI-CypERC) decreasing by 0.6 points compared to December 2024. According to the Economics Research Centre of the ...

Parliament has approved the Cyprus Stock Exchange (CSE) budget for 2025, with 35 votes in favour and two abstentions. The budget is expected to run at a deficit of approximately €1.88 million. Specifically, ...

The Central Bank of Cyprus (CBC) has set the reference interest rate at 11.5 per cent, following the authority granted under Article 314A of the Criminal Code, Cap. 154. This new rate ...

Deputy Shipping Minister Marina Hadjimanolis is set to travel to the Sultanate of Oman on Saturday, February 1, according to an announcement released on Friday. This visit comes following an official ...

There was a 5.4 per cent increase in average gross monthly earnings for Cyprus employees in the third quarter of 2024, reaching €2,351, compared to €2,230 in the same period of 2023, according to the ...

Top analysts have identified one new token that is flashing a bullish signal like that of the Dogecoin rally back in 2021, where those who got in early enjoyed the explosive ...

The Cyprus Securities and Exchange Commission (CySEC) on Friday published a consultation paper setting out plans for financial entities regulated under DORA to pay an annual ICT oversight fee and ...