Business

President Nikos Christodoulides used his address at the 12th Invest Cyprus International Investment Awards held in Nicosia, to highlight the crucial role of foreign investors in Cyprus’ economic growth. The ...

It took a year of wrangling with the European Commission for Germany’s Lufthansa LHAG.DE to gain approval to buy 41% of Italy’s ITA Airways, and only after it ...

The Cyprus Hoteliers Association (Pasyxe) this week confirmed its full alignment and excellent collaboration with the government, something which was reiterated during the association’s annual general meeting. This meeting ...

Eni denied on Thursday that it has been engaged in any discussion for the sale of shares in Cyprus, a company spokesperson told the Cyprus Mail after the government also ...

Cyprus’ wholesale and retail trade sector demonstrated robust growth in 2022, according to a recent report by the Cyprus Statistical Service (Cystat). In 2022, the overall turnover in the sector soared by 20.7 ...

‘Green’ home loans, Eco-friendly renovation loans Energy loans for solar panel installation Climate change poses a major challenge in the current era. The international community recognises the need to tackle ...

Credit rating agency Fitch Ratings this week upgraded Hellenic Bank’s long-term Issuer Default Rating (IDR) to ‘BBB-‘ from ‘BB+’, with a stable outlook, and its Viability Rating (VR) to ‘...

The United States, France and major economies are unlikely to halt the rises in their debt levels in the next few years, credit rating firm S&P Global warned ...

Prices in British shops rose at the slowest pace in almost three years last month, according to industry figures that underscore how inflation has cooled even if Prime Minister Rishi ...

Public sector workers’ unions and bank employees’ union Etyk are planning to create a new cooperative savings bank. Civil servants’ union Pasydy secretary-general Stratis Matheou told the Cyprus Mail on ...

Cyprus Airways on Wednesday announced the launch of new direct flights from Larnaca to Barcelona, commencing on July 3. According to an official announcement by the airline, this new route will ...

The number of registered unemployed people in Cyprus dropped to 10,112 at the end of June 2024, primarily due to growth in key economic sectors, according to a report from the Cyprus ...

The Cyprus Consumers Association this week issued advice to consumers regarding their shopping during the sales period, saying that there is a need for careful planning and awareness to maximise ...

Cyprus’ decision on investing in the Great Sea Interconnector project will hinder whether the cost-benefit analysis is approved, it was reported on Wednesday. Speaking to CyBC in the morning, Energy ...

With the global shift towards sustainable tourism, leading investors are increasingly focusing on stocks that combine environmental responsibility with profitability, according to a report released on Wednesday by online broker ...

The Transport Ministry on Wednesday said that passenger numbers at Larnaca and Paphos airports rose to 1,300,041 visitors during June, reflecting a 5.04 per cent increase compared to the previous year. “Passenger ...

Credit rating agency Fitch Ratings this week upgraded Hellenic Bank’s long-term Issuer Default Rating (IDR) to ‘BBB-‘ from ‘BB+’, with a stable outlook, and its Viability Rating (VR) to ‘...

At the forefront of elevating Cyprus, real estate is Blackbook Agency, led by Managing Director Eleftheria Voskaridou. The real estate market in Cyprus is an ever-evolving landscape, shaped by a ...

Eurobank has revealed its intention to gain full control of Hellenic Bank’s share capital and voting rights, while also sharing details about the company’s future operations, according to ...

Qatar Airways posted a 39 per cent jump in annual net profit to a record 6.1 billion Qatari riyals ($1.67 billion) on Tuesday. Revenue grew by 6 per cent to 81 billion riyals in the ...

British house prices showed a small gain in June from May but the impact of higher borrowing costs is still weighing on the property market, according to mortgage lender Nationwide. ...

Economic council makes number of recommendations to update long-term economic strategy, seeks EU funding The long-term strategy for the sustainable development of the Cypriot economy, known as Vision 2035, is set ...

Oil prices extended gains to two-month highs on Tuesday on expectations of rising demand during the summer driving season and possible supply disruptions from Hurricane Beryl. Brent crude futures rose 70 ...

The Cyprus Chamber of Commerce and Industry (Keve) this week announced its intention to explore the establishment of the Cyprus – Baltic States Business Association, aimed at enhancing economic and trade ...