Business

Major central banks in December delivered their biggest policy easing push since the spring 2020 COVID rate-cutting frenzy, with the latest moves making the annual 2024 easing effort the biggest in 15 years ...

The Central Bank of Cyprus (CBC) reported on Tuesday a decline in most deposit and lending rates in November, except for loans to non-financial corporations exceeding €1 million, which recorded an ...

The Economic Sentiment Index (ESI) in Cyprus recorded a modest improvement in December 2024, rising by one point compared to November, according to the Economics Research Centre of the University of ...

The volume of global crude exports in 2024 declined 2 per cent, the first fall since the COVID-19 pandemic, shipping data showed, due to weak demand growth and as refinery and pipeline ...

British house prices dropped unexpectedly last month for the first time since March although they finished the year higher than in December 2023, figures from mortgage lender Halifax showed on Tuesday. ...

The Economic Sentiment Index (ESI) in Cyprus recorded a modest improvement in December 2024, rising by one point compared to November, according to the Economics Research Centre of the University of ...

Cyprus’ international investment position (IIP) showed slight improvement during the third quarter of 2024, according to a report released this week by the Central Bank of Cyprus (CBC). The IIP recorded ...

By Angeliki Koutantou, Forrest Crellin and Edward McAllister For Athens restaurant owner Christos Kapetanakis, rent has always been high, but now he faces what he calls “a second rent” as ...

The year 2024 saw a significant shift towards conditions of full employment and 2025 will focus on pension reforms and the cost-of-living allowance, Labour Minister Yiannis Panayiotou said on Tuesday. Speaking after ...

The crypto market is setting up grounds for a new bull cycle as Bitcoin (BTC) nears the $100K range again. Other altcoins like Ripple and HBAR are also closely following, ...

A total of 12,382 individuals were registered as unemployed at the end of December 2024, according to a report released on Tuesday by the Cyprus Statistical Service (Cystat). The seasonally adjusted figures ...

Cypriot retailers are gearing up for a wave of winter sales starting this week, following a robust holiday shopping season. While there is no formal or set sales period, it ...

Cyprus has made significant strides in its journey towards digital transformation and green innovation in 2024, primarily by leveraging €1.2 billion from the European Recovery and Resilience Plan. This substantial investment is ...

Cyprus further solidified its position in the global satellite industry in 2024, with the launch of its fifth telecommunications satellite by Overhorizon, a company with Swedish ties. This marks another significant ...

The Cyprus Stock Exchange (CSE) general index outstripped global counterparts in 2024 by climbing 58.3 per cent, marking the best performance among national stock exchange indices. This surge was primarily fueled by ...

The Cyprus Productivity Centre (CPC) announced on Tuesday that it is organising a series of free digital skills training programmes. The programmes, which are open to everyone, will run from ...

The Cypriot property market fared well in 2024 despite challenges, which are expected to continue into 2025, according to Cyprus Real Estate Agents Registration Council president Marinos Kineyirou. Speaking to local outlet ...

For Athens restaurant owner Christos Kapetanakis, rent has always been high, but now he faces what he calls “a second rent” as soaring electricity bills slash profits and force him ...

British business activity growth slowed to a crawl in December and employers cut staffing at the fastest rate in almost four years as a slump in corporate morale after the ...

Microsoft (MSFT.O) is planning to invest about $80 billion in fiscal 2025 on developing data centers to train artificial intelligence (AI) models and deploy AI and cloud-based applications, the company said ...

A US bank regulator told banks to pause dabbling directly in crypto in 2022 and 2023, but did not order them to stop providing banking services to crypto companies contrary to industry ...

Sales of new passenger cars in Russia increased by 47 per cent year on year to 1.55 million units in 2024, Russian news agencies reported, citing industry and trade ministry data. New sales ...

The exercise of the right by a debtor to choose and determine for which debt he makes a payment binds the creditor who accepts it and they must allocate it ...

By Marios Clerides Cyprus has gone through a series of crises in recent years, after the government started to lose access to international money markets around 2012. This was followed by ...