Business

A new task force will be set up to tackle Cyprus’ growing electricity challenges, following a high-level meeting on Monday between Energy Minister George Papanastasiou and representatives of the Cyprus ...

Mutuum Finance (MUTM) is attracting ever more aggressive investor interest, with its staged fourth presale now nearing sell-out. With a price point of $0.025, the token has raised $5.9 million so far ...

Cyprus has achieved a significant milestone in 2024: it reduced its trade deficit to €8.13 billion from €8.47 billion the previous year which is a 3.97% reduction from the previous year. Since global trade ...

Cyprus’ hourly labour costs saw a modest increase yet remain below the European average, according to the latest Eurostat data. The average hourly labour cost in Cyprus in 2024 rose to €21, ...

Pharmaceuticals, alongside halloumi cheese, remained key drivers of Cyprus’ exports in 2024, despite a slight downturn, according to the Cyprus Statistical Service (Cystat). Specifically, pharmaceuticals accounted for 14.4 per cent of the ...

By Yiannis Misirlis The Cyprus real estate sector is in a dynamic phase of growth. Despite significant challenges, the industry continues to demonstrate resilience and adaptability, contributing approximately 15 per cent ...

Cyprus’ major trade unions, including public servants’ union Pasydy and the trade union Sek, have firmly opposed some of the International Monetary Fund’s (IMF) latest recommendations, following its Article ...

The Cypriot residential real estate market experienced a strong year in 2024, with new home sales exceeding €2 billion, according to a report released on Monday by Landbank Real Estate Analytics. The ...

Oil prices slipped on Monday, heading for a modest quarterly loss, despite a warning from US President Donald Trump that he may impose secondary tariffs on buyers of Russian oil ...

The Crystal Springs Beach Hotel in Protaras is set to undergo an expansion, with Derova Ltd announcing a €13.5 million development project to improve the facility and increase its capacity. This ...

The amendment to the legislation that took place on February 24 (Law 9(I)/2024) no longer allows the sale of immovable property located in areas not controlled by the Republic of Cyprus ...

European companies that are spending big on generative artificial intelligence need to start showing returns on their massive outlays by next year, or risk investors losing patience after they paid ...

Mike Vasiliev, CEO of AI-powered property startup Placy, is no stranger to the intersection of real estate and technology. With over two decades of experience in the field, he has ...

As AI continues to evolve and reshape business landscapes, the role of the Chief Information Officer (CIO) is undergoing a significant transformation, according to IDC, a global market intelligence firm. ...

The global wearable band market continued its upward trajectory in 2024, with shipments reaching 193 million units—a 4 per cent increase year on year—according to Canalys.  This marks the second consecutive ...

EU-funded researchers are using AI to help ease the flow in Europe’s cities, making urban environments both safer and greener. By Tom Cassauwers At the Las Matas train station ...

The Industrial Production Index in Cyprus recorded a significant increase of 4.3 per cent in January 2025 compared to the same month in 2024, according to the state statistical service. This increase pushed ...

Cardano (ADA) and Ethereum (ETH) are capturing investor attention as artificial intelligence platform DeepSeek projects substantial returns for both assets in 2025. The forecasts arrive alongside growing anticipation for Mutuum Finance (...

Ripple (XRP) has long been a dominant player in the crypto market, especially with its strong institutional backing and role in cross-border payments. However, as 2025 approaches, a new challenger, MUTM ...

An AI agent was tasked with investing $750 in 3 tokens of its choice and to make $2.3 million n by 2030. Its pick surprisingly did not include Cardano and XRP. Instead it picked ...

The Cyprus Borrowers Association (Syprodat) released a statement on Monday saying that despite recent interest rate cuts by the European Central Bank (ECB), many borrowers have not noticed a decrease ...

Artificial intelligence company Anthropic convinced a California federal judge to reject a preliminary bid to block it from using lyrics owned by Universal Music Group (UMG.AS) and other music ...

Dell Technologies headcount fell by 10 per cent in fiscal 2025, and it reaffirmed its commitment to diversity and inclusion, the AI server maker has announced. The company in its annual report ...

Shares of CD Projekt (CDR.WA) fell nearly 13 per cent in early trading on Wednesday after the game developer said the premiere of “Witcher IV” was scheduled for after 2026, fuelling ...