Business

The Cyprus Investment Funds Association (CIFA) has called for the swift passage of the bill governing the establishment and operation of management companies for collective investment organisations. This piece of ...

Retail trade in Cyprus saw an uptick in May 2024, with the turnover value index increasing by 4.5 per cent compared to the same month in the previous year, according to a ...

Tourism revenue in Cyprus saw a modest rise of 5.5 per cent in the first quarter of 2024, compared to the same period in 2023, while April remained essentially the same, according to ...

British consumers increased their borrowing in May by the most in four months after a dip in April, Bank of England data showed on Monday, adding to signs of recovering ...

Banks as well as government officials on Monday all but gave the thumbs-down to the idea of taxing the windfall profits of commercial lenders, a proposal brought by opposition party ...

The euro climbed on Monday after a convincing and historic win by the French far right in the first round of parliamentary elections fell slightly short of some expectations, leaving ...

The Central Bank of Cyprus (CBC) has decided to maintain the countercyclical capital buffer (CCyB) rate at 1 per cent, in accordance with the Macroprudential Supervision of Institutions Laws of 2015 to 2022, ...

The Cyprus government saw its surplus climbing to 1.9 per cent of the country’s Gross Domestic Product (GDP) between January and May 2024, up from 1.1 per cent in the same period ...

Tourism revenue in Cyprus saw a modest rise of 5.5 per cent in the first quarter of 2024, compared to the same period in 2023, while April remained essentially the same, according to ...

The buyer of an affected apartment is entitled to terminate their sale agreement and claim their money back and compensation for any damage suffered A seller who chooses to add ...

The House is expected to discuss legislation concerning the establishment and operation of collective investment organisations in September, following the end of the summer recess, according to statements made on ...

The top ten most expensive property sales in Cyprus exceeded €39 million in May of this year, with Limassol continuing to dominate the high end of the market, according to a ...

Cyprus saw a 20.1 per cent increase in tourist arrivals during 2023, reaching 3,845,652 compared to 3,201,080 in 2022, with over one-third of visitors staying in Paphos, according to a report by the state’s ...

The average gross monthly earnings of employees in Cyprus saw a 5.7 per cent increase during the first quarter of 2024, reaching €2,378 compared to €2,251 in the same period of 2023, according to a ...

Energy Minister George Papanastasiou highlighted Egypt as an essential partner for Cyprus during an interview with the Cyprus News Agency (CNA) on Sunday, in the context of the EU-Egypt Investment ...

Cyprus’ Industrial Producer Prices Index experienced a 2.5 per cent decrease in May 2024 compared to the same month in 2023, according to a report by the state’s statistical service. For the ...

By Maria Demertzis The European Union’s fiscal framework, the European Commission’s attempt to coordinate the fiscal positions of member countries, will be reinstated in September for the first ...

EU-funded researchers are taking technologies known as “smart wearables” to the next level. By Jessica Berthereau What do cycling, showering and making love have in common? All three activities prove ...

Data centres and electric vehicles are expected to ramp up US power demand by about 300 terawatt-hours (TWh), equivalent to the electricity consumed annually by Turkey, by the end of the ...

Cyprus is synonymous with real estate. In recent years, the real estate market in Cyprus has seen a surge in the popularity of off-plan properties. This may be because of ...

Here are the top business stories in Cyprus from the week starting June 24: Deputy Minister of Shipping Marina Hadjimanolis recently embarked on a series of important meetings in Geneva, according ...

In 2024, Cyprus stands out in the European real estate landscape, marked by stability and growth despite the broader challenges of inflation and rising interest rates. While other countries tread cautiously, ...

US oil and gas companies could face an uphill struggle to sell about $27 billion of assets to fund investor payouts over the next few years as the biggest wave of ...

Microsoft faces a hefty antitrust fine after the European Commission this week accused it of illegally linking its chat and video app Teams with its Office product, giving it an ...