Business

Trade union Sek said on Wednesday that an agreement had been reached on renewing collective labour agreements in the construction sector. The new agreement significantly improves employment conditions for some 40,000 ...

The Cyprus government’s surplus surged to €424.5 million in the January-June period, representing 1.3 per cent of GDP, compared to €62 million and 0.2 per cent of GDP during the same period in 2023, ...

Benign inflation data and a cooling job market aside, US credit conditions featuring tepid loan demand and stiff terms may also be bolstering confidence among Federal Reserve officials that price ...

Inflation in Cyprus dropped to 2.6 per cent in July, reflecting a slowdown from the 3 per cent rate observed in both June and May, according to preliminary estimates released by Eurostat ...

Cyprus’ Industrial Producer Prices Index (PPI) decreased by 2.4 per cent year-on-year in June 2024, according to a report released on Wednesday by the Cyprus Statistical Service (Cystat). The index, which stood ...

Households in Cyprus hold more than €56 billion in financial assets, with a significant portion held in cash, deposits, and loans, while also reducing their debt burden, according to a report ...

Cyprus is set to host a new event aimed at bridging the gap between the real estate and proptech sectors, according to an announcement by the Doers Company. The Doers ...

The government will not deviate from its goal to complete the Vasiliko terminal and gain the capacity to bring natural gas to the island, deputy government spokesman Yiannis Antoniou said ...

Nexters, an international game development company headquartered in Cyprus, has seen its flagship mobile game, Hero Wars: Alliance, generate $1.5 billion in revenue and surpass 150 million installations, according to an official ...

The Cyprus Chamber of Commerce and Industry (Keve) this week announced the signing of a cooperation protocol with the Hellenic-German Chamber of Commerce and Industry. “This partnership aims to foster ...

The University of Cyprus’ Economics Research Centre (CypERC) this week released a report predicting improved economic growth for Cyprus during the 2024-2025 period. According to the centre’s July 2024 issue, ...

Tourist arrivals to Cyprus amounted to 421,400 visitors in May 2024, marking an increase of 0.3 per cent from the 420,076 recorded in the same month of the previous year, according to a report ...

PayPal (PYPL.O) on Tuesday raised its forecast for full-year adjusted profit for the second time, betting on resilient consumer spending in the back-to-school and upcoming holiday shopping seasons, while ...

Tesla (TSLA.O) is recalling over 1.8 million vehicles in the United States due to risk of software failure to detect an unlatched hood, the national auto safety regulator said on ...

The British competition regulator’s ongoing review of supermarket loyalty prices is unlikely to identify widespread evidence of promotions that mislead shoppers, according to a statement by the watchdog. Loyalty ...

Microsoft investors will have one big question after the tech giant reports earnings on Tuesday: has growth in its Azure cloud-computing business picked up enough to justify the billions of ...

Britain’s financial watchdog this week launched two reviews of retail conduct and insurance rules to cut costs and improve competitiveness, now that a strict new duty to put consumers ...

Nicosia-based tech startup and iOS app BRAYN, originally launched in Cyprus and the United Kingdom, is set to expand globally by 2025, according to an official announcement. The announcement said that ...

Industrial production in Cyprus recorded a 2.7 per cent increase year-on-year during May 2024, according to a report released this week by the Cyprus Statistical Service (Cystat). This rise brought the Industrial ...

The Cypriot real estate market has demonstrated signs of stability and resilience during the first half of 2024, with the average transaction value gradually approaching pre-pandemic levels, according to a report ...

Tourist arrivals to Cyprus amounted to 421,400 visitors in May 2024, marking an increase of 0.3 per cent from the 420,076 recorded in the same month of the previous year, according to a report ...

Oil prices fell on Tuesday, extending losses from the previous session amid concerns about demand in China, the world’s largest crude importer, while the market shrugged off the risk ...

The Agriculture Department this week said that it will introduce tools similar to e-Kofini, which aims to help consumers compare fruit and vegetable prices, to help farmers better leverage their ...

State authorities will be hard pressed on Tuesday at an extraordinary meeting convened by the House energy committee, to discuss the Vasiliko LNG project fiasco, among other hot topics. Energy ...