Business

Swedish businessman and philanthropist Sievert Larsson has awarded scholarships totalling €20,000 to students at the Cyprus University of Technology (Tepak). According to an announcement released on Tuesday, the scholarships, each worth €1,000, ...

Cyprus’ financial sector is undergoing a significant transformation as digital banking technologies, fintech partnerships, and sustainability initiatives reshape operations and redefine customer experiences. According to Stella Mourouzidou Damtsa, Manager Segments &...

Limassol port manager DP World Limassol on Tuesday announced that it has secured a major vehicle transhipment deal, describing it as “a significant milestone” for the multipurpose terminal. “This is ...

The €170 million expansion plans for Larnaca and Paphos airports are now open for public consultation, with feedback invited until January 15, 2025. Hermes Airports, the operator under a long-term concession agreement, said ...

A new record high number of passengers passing through the Republic of Cyprus’ airports has been set this year, with it projected that more than 12 million people will have taken ...

The Cyprus Chamber of Commerce and Industry (Keve) on Tuesday called on Cypriot banks to reduce loan interest rates and associated charges, following recent developments in the financial sector. Keve’...

Invest Cyprus on Monday announced the launch of a series of strategic meetings with regional and local authorities aimed at mapping and promoting investment projects that are open to foreign ...

The Central Bank of Cyprus (CBC) on Monday released its late report on interest rates across all monetary financial institutions (MFIs) for the month of October. According to the CBC, ...

British businesses this month cut staff numbers at the fastest pace in almost four years, raised prices and turned more pessimistic about the outlook, placing much of the blame on ...

BP (BP.L) and Abu Dhabi National Oil Company’s international investments arm XRG said on Monday they have closed a deal for a new natural gas joint venture in ...

Britain’s online safety regime came into force on Monday, requiring social media companies like Meta’s (META.O) Facebook and ByteDance’s TikTok to take action to tackle criminal ...

The crypto market continues to provide ground-breaking investment opportunities, with several coins positioning themselves for massive gains. Rexas Finance, SUI, PNUT, and PEPE are among the most promising projects, as ...

The Central Bank of Cyprus (CBC) on Monday released its late report on interest rates across all monetary financial institutions (MFIs) for the month of October. The report showed fluctuations ...

As Cardano’s price struggles, ADA holders are turning to projects with real utility. A rising $0.06 crypto, boosted by an AI marketplace launch, is quickly catching their eye. This shift ...

The Cyprus Securities and Exchange Commission (CySEC) on Monday published a policy statement detailing the fees payable and the information required under the European Regulation on markets in crypto-assets (MiCAR). ...

District local authorities are now issuing building permits within 48 hours for low-risk developments of up to two residential units (Category A). This is provided that applications were submitted before July 1, 2024, ...

Rising costs are driving restaurants and bars in Paphos to the brink, with 50-60 expected to close permanently in 2024, according to Angelos Onisiforou, chairman of the regional association of recreation ...

Hellenic Bank on Monday announced a reduction in its reference rate for loans linked to the European Central Bank’s (ECB) base rate. Effective from December 18, 2024, the rate will decrease ...

Labour costs and job vacancies in Cyprus experienced significant increases in the third quarter of 2024, according to a report released by the state’s statistical service on Monday. According to ...

With innovative projects highlighting financial possibilities, real-world applications, and creativity, the crypto market is booming as December 2024 looms.  Although well-known initiatives still have a significant impact, numerous newly developed cryptocurrencies ...

Britain officially became the 12th member of a trans-Pacific trade pact which includes Japan, Australia and Canada on Sunday as it seeks to deepen ties in the region and build ...

Municipalauthorities, like the state, have real estate which they manage privately in order to meet their cash needs, acting as a private individual, to develop the property and derive financial ...

Bitcoin surged to a record high above $106,000 on Monday after President-elect Donald Trump suggested he plans to create a US bitcoin strategic reserve similar to its strategic oil reserve, stoking ...

The Commissioner of State Aid Control Stella Michaelidou on Monday approved a €3 million grant scheme to boost rural tourism. Specifically, the scheme seeks to provide support for the renovation or ...