Business

The Cyprus Banking Association on Thursday confirmed that banks will announce their decisions on interest rate and fee reductions by the end of the week. Spokesman Andreas Kostouris told state ...

The Bank of England looks set to hold interest rates at 4.75 per cent on Thursday, despite signs of a slowing economy, as persistent inflation pressures limit it to a “gradual” ...

Bernhard Schulte Shipmanagement (BSM), a third-party ship manager headquartered in Limassol, on Thursday announced that CEO Ian Beveridge will step down on January 1, 2025. According to the announcement, Sebastian von Hardenberg, ...

EmissionLink, a Columbia Group company, is simplifying emissions management with advanced solutions to meet the upcoming FuelEU Maritime regulations, effective from January 2025. According to a statement by the company, these ...

Bitcoin’s soaring value has caught the attention of high-end fashion brands and retailers, prompting further interest in offering cryptocurrencies as a means of payment to tap in to fresh ...

The Construction Material Price Index in Cyprus reached 117.26 points in November 2024, with 2021 acting as the base year set at 100 points. This reflects a slight monthly increase of 0.07 per cent, the ...

The Harmonised Consumer Price Index (HCPI) in Cyprus increased by 2.2 per cent in November 2024, compared to the same month in 2023, according to the state’s statistical service. However, on a ...

The Cabinet on Wednesday approved a revised start-up visa, according to Deputy Minister of Research, Innovation, and Digital Policy Nicodemos Damianou. Damianou said that the revisions aim to make the ...

British inflation hit an eight-month high in November, but the rise in services prices – watched closely by the Bank of England as an underlying measure of inflationary pressures – held steady, ...

Europe’s startup ecosystem is experiencing a notable transformation, driven by innovation, policy shifts, and global outreach strategies. This is not to say that the economy is booming, but many ...

The Cypriot government is “ready” to begin consultations with both Greece’s independent transmission system operator Admie and the country’s energy ministry to find an agreement on “all matters” ...

The Cabinet on Wednesday approved a revised start-up visa, according to Deputy Minister of Research, Innovation, and Digital Policy Nicodemos Damianou. Damianou said that the revisions aim to make the ...

Cyprus will respond in the coming days as to whether it will accept Chevron’s development and production plan for the Block 12 Aphrodite gas field, Energy Minister George Papanastasiou said ...

The government announced on Wednesday its commitment to supporting refugees by improving their access to housing, as it unveiled revised conditions for housing plans. According to the Interior Minister Constantinos ...

Online broker Deriv this week announced the expansion of the company’s Cyprus-based operations to Nicosia. Deriv, which opened its first Cyprus office in Limassol four years ago, said that ...

Half of Cyprus’ hotels are open this festive season, offering special programmes for Christmas and New Year, according to Thanos Michaelides, president of the Cyprus Hoteliers Association (Pasyxe). Speaking to ...

The Cyprus Shipping Chamber (CSC) announced that its director general Thomas Kazakos, has been appointed secretary general of the International Chamber of Shipping (ICS). This makes Kazakos the first Cypriot ...

Thousands of people will benefit from the expected reductions in some banks charges and preferential interest rates for vulnerable groups that banks are set to announce by the end of ...

As the bull market heats up, IntelMarkets (INTL) is positioning itself as one of the leading candidates to become the next 100x coin. The platform’s rapid momentum is drawing ...

The Paralimni-Deryneia Municipality has joined forces with the Cyprus Sustainable Tourism Initiative (CSTI) to promote sustainable practices in the tourism sector. According to an announcement released this week, this partnership ...

The Cyprus Stock Exchange (CSE) announced on Wednesday the introduction of a market maker framework. The new framework, the CSE explained, aims at “enhancing the liquidity of listed securities and ...

Financial technology provider payabl. on Wednesday announced that it has partnered with the Limassol municipality to support the social market initiative. This initiative delivers essential aid to residents in need ...

The Cyprus Securities and Exchange Commission (CySEC) has rolled out a revamped website aimed at improving navigation, accessibility, and features for regulated entities, investors, and the wider public. “The redesigned ...

Cyprus is set on becoming a leading voice in maritime policy and bolstering its reputation as a global shipping hub, Shipping Deputy Minister Marina Hadjimanolis said during an event in ...