Stay informed with the latest business and economy news from Cyprus and around the globe. This section covers key developments in finance, energy, tourism, technology, entrepreneurship and the corporate sector.
The Supreme Court on Wednesday ruled that it is not unconstitutional nor a violation of European Union law for the construction of luxury camp sites, also known as ‘glamping’, to ...
Searching for the next great opportunity that guarantees a high ROI in a short period is something investors do nonstop. Popular meme coin Dogecoin has long been in front of ...
With the increasing dependence on digital payments, UPI (Unified Payments Interface) has become a popular and convenient choice for people across India. From grocery shopping to bill payments, UPI apps ...
Deputy Shipping Minister Marina Hadjimanolis is set to travel to Hong Kong on Wednesday at the invitation of the President of the International Chamber of Shipping.
According to an official ...
Energy technology firm EnergyIntel recently hosted Chief Scientist and Research and Innovation Foundation (RIF) president Demetris Skourides, according to an announcement released on Wednesday.
Skourides visited the company’s headquarters ...
DTX Exchange (DTX): Hybrid with a twist
DTX Exchange (DTX) is a different beast from traditional exchanges. With DTX’s presale raising almost $7.3 million, interest is growing as the token ...
Diners in Cyprus are paying more but often getting less when visiting restaurants, according to a survey conducted by the Cyprus Consumers Association.
The association, which conducted the survey with ...
Some tokens seem ready for great expansion as the bitcoin market moves towards what many experts predict to be the next major bull run. Among them, Rexas Finance (RXS) and ...
The Cyprus Securities and Exchange Commission (CySEC) on Wednesday announced that Crypto-Asset Service Providers (CASPs) in Cyprus can now apply for a preliminary assessment under the EU’s Markets in ...
Oil prices inched higher on Wednesday underpinned by signs of near-term supply tightness but held near their lowest in two weeks, a day after OPEC downgraded its forecast for global ...
OPEC cut its forecast for global oil demand growth this year and next on Tuesday, highlighting weakness in China, India and other regions, marking the producer group’s fourth consecutive ...
“Cyprus has gone from zero to over 330 licensed investment entities managing €9 billion in assets in just a decade,” according to Maria Panayiotou, president of the Cyprus Investment Fund Association (CIFA).
...
More European Central Bank interest rate cuts are coming and the deposit rate could hit the so-called neutral level in the first half of next year, Finnish central bank chief ...
The Bank of Cyprus (BoC) on Tuesday reported a profit after tax of €401 million for the first nine months of 2024, representing a 15 per cent increase year-on-year.
According to the bank’...
British wage growth excluding bonuses fell in the third quarter to its lowest in over two years, official data showed on Tuesday, potentially boosting the Bank of England’s confidence ...
Wall Street firms are expected to pay heftier bonuses for this year, the first increase since a bumper year in 2021, according to a report by compensation consultancy Johnson Associates.
Payouts ...
Leveraged ETFs offer investors a way to amplify returns without directly borrowing funds. These financial instruments use derivatives to multiply the performance of an underlying index. Understanding how leveraged ETFs ...
Mortgage interest rates for new housing loans in Cyprus remained high during September 2024, despite the declining trend in rates set by the European Central Bank (ECB).
According to a report ...
The downward trend of non-performing loans (NPLs) in Cyprus continued in August 2024, with an additional €15 million decrease.
According to a report released on Tuesday from the Central Bank of Cyprus (...
Cyprus is gaining momentum as a filming destination, supported by strategic efforts from Invest Cyprus to draw high-profile productions to the island.
According to the investment promotion agency, the are 13 ...
The Bank of Cyprus (BoC) on Tuesday reported a profit after tax of €401 million for the first nine months of 2024, representing a 15 per cent increase year-on-year.
According to the bank’...
In today’s fast-paced financial landscape, leveraging financial analytics and data management tools is essential for businesses aiming to gain a competitive edge. These technologies enable organizations to process vast ...
The Cyprus Chamber of Commerce and Industry (Keve) on Tuesday released a public invitation to professional trainers who want to participate in EULEP’s Train-the-Trainers (TtT) sessions.
EULEP refers to ...
Rapid population growth in Toronto is driving the biggest construction boom in Canadian history. It is also driving a trend towards smaller homes, and specifically high rise apartments. It is ...