Business

Meta Platforms’ (META.O) newest social media offering Threads has over 175 million monthly active users, according to a report by CEO Mark Zuckerberg, published a year after it first launched. ...

German insurers expect to see a lower increase in premium income this year, the German Insurance Association (GDV) said this week, as the life insurance business struggles with a delayed ...

European Commissioner for International Partnerships Jutta Urpilainen discussed the philosophy underpinning the European Union’s strategy for international development, known as the Global Gateway, during an interview with the Cyprus ...

The Cyprus Securities and Exchange Commission (CySEC) on Wednesday released its quarterly bulletin, revealing that the number of Management Companies and Undertakings of Collective Investments (UCIs) under its supervision remained ...

The environmental authority has recently approved the construction and operation of a substantial residential development within plot B of the Limassol Greens golf resort. This project, part of a larger €500 ...

Christos Panayides has been re-elected as secretary general of the bank employees’ union Etyk, following the formation of a new board of directors. According to an announcement released this week, ...

Cypriot lender Hellenic Bank has signed an agreement to acquire insurance provider CNP Cyprus, according to an announcement made by the bank on Wednesday. The announcement stated that the consultation ...

Demetra Holdings increased its investment value in Hellenic Bank (HB) during the first half of 2024, according to the company’s latest investment statement. The statement showed that by the end ...

Digital payments have a significantly smaller environmental impact compared to cash transactions, according to a report by the European Digital Payments Industry Alliance (EDPIA). The study, conducted by Oxford Economics, ...

The Cyprus Borrowers Association (Syprodat) this week issued a stark warning about the mounting financial pressures faced by households, borrowers, and businesses due to high prices, rising interest rates, and ...

Inflation in Cyprus, excluding increases in excise taxes, fell by 0.32 per cent in the first half of 2024, when compared to the previous six months, spanning the period between July and ...

The Cyprus Chamber of Commerce & Industry (Keve) has announced that the EU-Japan Centre for Industrial Cooperation is organising its inaugural mission to Japan, specifically targeting the smart factory and ...

The Central Bank of Cyprus (CBC) presented the benefits of the planned digital euro at a press conference on Tuesday, while also providing details on the efforts being made behind ...

Investor morale in the eurozone broke an eight-month streak of improvements with a bigger-than-expected decline in July, a survey showed this week, describing the results as a “bitter setback”. Sentix’...

Carlsberg (CARLb.CO) has agreed to buy British soft drinks maker Britvic (BVIC.L) for 3.3 billion pounds ($4.23 billion), a move the Danish brewer said would forge a UK beverage “powerhouse” ...

German exports fell more than expected in May, due to weak demand from China, the US and European countries, data from the federal statistics office showed this week. Exports fell ...

Civil service trade unions on Tuesday rejected the recommendations of the International Monetary Fund (IMF), which had called for the rationalisation of salary scales and expenditures related to the state ...

The Central Bank of Cyprus (CBC) presented the benefits of the planned digital euro at a press conference on Tuesday, while also providing details on the efforts being made behind ...

The Cyprus Statistical Service (CyStat) on Tuesday reported significant growth in the Industrial Production Index for Cyprus, highlighting key increases in employment and production value across various industrial sectors in 2022. ...

The Cyprus Securities and Exchange Commission (CySEC) announced on Tuesday that it has awarded a total of €1,000 in financial prizes as part of its annual student awards for the academic ...

Cyprus recorded the largest increase in housing transactions among EU countries in 2023, according to data released by the European Union’s statistical office (Eurostat). Eurostat reported that in 2023, the number ...

The Bank of Cyprus on Tuesday celebrated the graduation of the inaugural class from the BoC Academy, an initiative carried out in collaboration with the CIM Business School. Launched in 2023, ...

Global passenger demand in May 2024 increased by 10.7 per cent compared to the same month in 2023, according to the latest data from the International Air Transport Association (IATA). The overall demand, ...

The contract between the state Natural Gas Infrastructure Company (Etyfa) and CPP-Metron Consortium Ltd (CMC Ltd) for the construction of the natural gas liquification plant at Vasiliko is heading towards ...