Business

Cypriot state officials on Tuesday used their attendance at the annual general meeting of the Association of Cyprus Banks to call for a reduction in lending rates and a narrowing ...

Cypriot investment platform Sophic, which is provided by Athlos Capital, has secured over 80 per cent of the latest issuance of Treasury Bills by the Republic of Cyprus for its clients, ...

Cyprus’ Construction Materials Price Index recorded a decrease of 1.32 per cent in May 2024, when compared to the same period from the previous year, according to a report released on Tuesday ...

The newly-established Cyprus Financial Literacy and Education Committee (CyFLEC) is set to implement the national strategy for enhancing financial literacy in Cyprus, according to an announcement released on Tuesday by ...

Tourist arrivals in Cyprus displayed a slight yet steady increase in May 2024, compared to the same month last year, with the primary markets sustaining robust performance levels, the Cyprus Statistical ...

Saudi Arabia’s annual inflation rate remained at 1.6 per cent for the third month running in May, government data showed on Sunday, with higher housing rents still the main driver. ...

Asking prices for British homes coming to the market were flat this month, adding to signs of a recent cooling off in the housing market upswing, a survey from property ...

Standard Chartered on Monday lost a bid to cut from a London lawsuit allegations that it broke US sanctions against Iran in a more widespread way than it has previously ...

Oil refiners are making less money selling their gasoline as demand during the peak summer driving season has fallen short of what they expected when many of them boosted production. ...

Greece’s Independent Power Transmission Operator (Admie) said Monday it has signed a memorandum of understanding with a major asset manager interested in acquiring a direct stake in the company ...

Lawmakers on Monday quibbled on whether Cyprus looks set to face fines from Brussels for failure to transpose into domestic law an EU directive regulating the transfer of loans from ...

Freedom Holding Corp. (FRHC), the parent company of Freedom24, this week reported record-breaking results for the fiscal year ending March 31, 2024. During this period, the holding company’s revenue doubled to $1.6 ...

Tourist arrivals in Cyprus displayed a slight yet steady increase in May 2024, compared to the same month last year, with the primary markets sustaining robust performance levels, the Cyprus Statistical ...

Hourly labour costs (total costs) in Cyprus saw a 4.9 per cent increase during the first quarter of 2024, when compared to the same period during the previous year, according to a ...

The Larnaca regional tourism board (Etap) on Monday announced that Larnaca has clinched the fifth spot in DiscoverCars.com’s survey of Europe’s top 20 most scenic driving destinations. This ...

Employment in Cyprus’ broad public sector exceeded 75,000 people in the first quarter of the year, reflecting an increase of 4.1 per cent, primarily due to a rise in employment within the ...

Cyprus’ general government recorded a surplus of approximately €600 million in the first quarter of 2024, reflecting a 58 per cent increase from the previous year, driven by revenue growth outpacing expenditure, according ...

A defendant has the right to know why they are being brought to court in order to be able to defend themselves It is the fundamental right of every defendant ...

The Finance Ministry is contemplating a return to financial markets in the near future, aiming to capitalise on the Cypriot economy’s positive momentum, which has been further reinforced by ...

Minister of Finance, Makis Keravnos on Monday will take part in the Eurogroup and Ecofin meetings, to be held on June 20-21, as well as annual meetings of European Stability ...

By Ioannis A Pitsillos Navigating the VAT regulations in Cyprus is essential for anyone involved in property transactions or short-term rentals. This article provides a detailed overview of the VAT ...

The EU drive towards green energy is seeking to harness a traditionally clean power source – with some tweaks. By Tom Cassauwers Dr Jeremy Bricker, a hydraulics and coastal engineer, is ...

By Michalis Sarris The euro, a symbol of European unity and economic integration, will soon welcome Bulgaria into its fold. Bulgaria, a “partial” member since the introduction of the currency ...

By Maria Demertzis Last week’s European election results were a mixed bag. The European People’s Party and the Social Democrats, traditionally the biggest parties in Europe, held on ...