#business

Energy Minister George Papanastasiou this week announced that €363 million in funding schemes are being implemented to support small and medium-sized enterprises (SMEs) in Cyprus. “The development of small and medium-sized ...

Cyprus’ average monthly earnings rose by 7.3 per cent in 2023, however, there were stark differences across sectors, according to the Cyprus Statistical Service. While agricultural workers earned an average of €924 per ...

Deputy Shipping Minister Marina Hadjimanolis attended the Global Shipping and Trade Summit in Hong Kong, as part of the overall efforts to bolster the island’s global maritime profile and ...

Industrial production in Cyprus increased by 4.1 per cent in the first nine months of 2024 compared to the same period in 2023. This was supported by growth in manufacturing, mining, and water ...

Lending to eurozone companies and households continued to accelerate last month, supporting the arguments from some that the bloc’s economy has bottomed out and a “soft landing” was underway, ...

Total loans in Cyprus fell by €213 million in October 2024 compared to the previous month, according to a report from the Central Bank of Cyprus (CBC). The report also showed that ...

Petrolina (Holdings) Public Limited (PHL) has announced the completion of a €48.6 million deal to acquire ExxonMobil Cyprus. According to the announcement, this includes the company’s 68 Esso-branded service stations, marking ...

The US Federal Trade Commission has opened a broad antitrust investigation into Microsoft (MSFT.O), including of its software licensing and cloud computing businesses, a source familiar with the matter ...

Buying a new home in Britain became a little more affordable this year as average wages rose faster than house prices and mortgage costs, the country’s largest mortgage lender ...

Most major stock markets will fail to even repeat this year’s lacklustre performance in 2025 based on the prospect of global trade tensions and a worsening inflation outlook holding back ...

US holiday shoppers have big plans to use small screens for a head start this year on Thanksgiving Day, and retailers have spent weeks priming them, touting pre-Black Friday online ...

Ratings agency Moody’s this week upgraded the rating of the Bank of Cyprus’ covered bonds to Aaa from Aa2. This follows a revision of Cyprus’ local-currency bond ceiling to ...

President Nikos Christodoulides on Thursday said there was an urgent need to link education with the labour market, in order to equip Cyprus’ youth for the demands of the modern ...

Britain on Thursday set out stronger sanctions against employers who exploit foreign workers, following research showing abuses particularly in the social care sector. Businesses that repeatedly flout visa rules or ...

Petrolina (Holdings) Public Limited (PHL) has announced the completion of a €48.6 million deal to acquire ExxonMobil Cyprus. According to the announcement, this includes the company’s 68 Esso-branded service stations, marking ...

The Cyprus Computer Society (CCS) on Thursday announced the passing of its president Costas Agrotis. The announcement described Agrotis as a pioneer, visionary, and cornerstone of the Cypriot IT community. “...

Hellenic Bank on Thursday announced that the Commission for the Protection of Competition has approved its acquisition of CNP Cyprus Insurance Holdings. This represents a major step forward in the ...

Sweden’s embassy in Cyprus is set to host an event on ‘Sustainable Tourism for the Future’ today, according to an official statement. The event will highlight innovative green solutions ...

Oil prices drifted lower on Thursday after a surprise jump in US gasoline inventories, with investors focusing on this weekend’s OPEC+ meeting to discuss oil output policy. Brent crude ...

Petroleum product sales in Cyprus saw a 3.5 per cent increase in October 2024 compared to the same month in 2023, reaching 135,250 tonnes, according to a report released by the Cyprus Statistical Service. ...

European authorities this week confirmed Cyprus’ financial and economic stability in their 17th post-programme surveillance mission. The latest report, released on Tuesday from the European Commission, European Central Bank (ECB), ...

The spirits industry plans to lobby for an exemption from any universal tariffs on US imports proposed by the incoming Trump administration, according to a trade body representing leading spirits ...

The US economy grew at a solid clip in the third quarter, the government confirmed on Wednesday, amid robust consumer spending. Gross domestic product increased at an unrevised 2.8 per cent ...

The Russian rouble weakened beyond the 110 mark to the US dollar on Wednesday, a threshold that some analysts believe could prompt authorities to take action to support the currency, which ...