Business

EVH Investments Limited on Tuesday announced the mandatory public takeover offer for Salamis Tours was completed on January 31. The offer, initially submitted on November 12, 2024, aimed to acquire up to 100 per ...

Despite Cyprus’ relatively modest trade volume with the US, the island could still experience indirect effects of US tariffs on European goods, warned Sofronis Clerides, professor of economics and dean ...

Both apartment prices and rental costs in Cyprus increased during the fourth quarter of 2024, rising by 1.3 per cent and 1.5 per cent year-on-year, respectively, according to real estate analytics firm Ask ...

Cryptocurrency markets remain interesting for investors seeking exponential profits. During the current cryptocurrency season, some attractive tokens stand out for their ability to swiftly increase investments. In this post, we ...

Hellenic Bank on Tuesday announced a further reduction in the reference rate for all loans linked to the European Central Bank’s (ECB) base rate. Specifically, the interest rate has ...

US crude prices fell by nearly 2 per cent on Tuesday as US tariffs on China took effect, though President Donald Trump paused for a month a decision on steep levies ...

Britain’s financial watchdog has laid out plans to make it easier for retail investors and wealth managers to buy corporate bonds and for companies to raise capital from these ...

Cypriot banks are expected to prioritise new lending in 2025 and beyond, as they seek to offset the impact of lower interest rates and capitalise on a historically low loan-to-deposit ratio. ...

Deputy Shipping Minister Marina Hadjimanolis strengthened Cyprus’ maritime ties with Oman by signing two crucial Memoranda of Understanding (MoUs) this week in Muscat. These agreements focus on maritime cooperation and ...

US manufacturing grew for the first time in more than two years in January amid strong orders, but a measure of prices paid by factories for raw materials rose solidly, ...

OPEC+ agreed to stick to its policy of gradually raising oil output from April on Monday and removed the US government’s Energy Information Administration from the sources used to ...

Bank cards remain the most widely used payment method in Cyprus by total transaction volume, according to the Central Bank of Cyprus’ (CBC) latest payment statistics report. The report, which ...

The retail trade turnover index in Cyprus increased by 5.8 per cent in December 2024 compared to the same month in the previous year, according to data released by the Cyprus Statistical ...

Interest rates on deposits and loans in Cyprus and Greece vary significantly, with Cypriot banks generally offering lower deposit rates than their Greek counterparts, In addition, according to a report ...

The government on Monday announced the launch of a fast-track process for the issuance of building licences for certain types of residential units, saying the step would also go some ...

Hedge funds last week jettisoned global stocks and added bets they would decline, said Goldman Sachs (GS.N), just before US President Trump announced tariffs that sent global markets tumbling. ...

US companies will look to the Middle East and India for more aluminium and to Chile and Peru for copper as they seek to circumvent sweeping tariffs imposed by US ...

Old gripes about the concession agreement at Limassol port came to the fore in parliament on Monday during a review of the budget of the Cyprus Ports Authority (CPA) for 2025. ...

U.S. President Donald Trump will pause new tariffs on Mexico for one month after Mexico agreed to reinforce its northern border with 10,000 National Guard members to stem the flow ...

Costas Cleanthous, through the Cleanthous Foundation, has pledged over €10 million to establish a paediatric oncology clinic adjacent to Makarios Hospital. This substantial investment, which was announced by president Nikos Christodoulides, ...

The dollar surged on Monday, pushing its Canadian counterpart and the Mexican peso to multi-year lows while China’s yuan slumped to a record trough in offshore trade after US ...

Cryptocurrency prices slid on Monday, with bitcoin at a three-week low, as the risk of a trade war spooked investors and caused a selloff across financial markets. Bitcoin , the world’...

Turkey’s monthly inflation rate climbed more than expected to 5.03 per cent in January due to a minimum wage hike and several new-year price updates, while annual inflation fell to 42.12 ...

Oil prices rose on Monday after US President Donald Trump imposed tariffs on Canada, Mexico and China, raising fears of supply disruption, though gains were capped by concern over what ...