#business

Cyprus on Monday showcased its prospects as an investment destination at the 8th annual investment conference organised by the UK-Cyprus Enterprise Council in London. The conference also examined the opportunities ...

Cyprus’ trade deficit narrowed to €5.6 billion for the first nine months of 2024, down from €6.78 billion in the same period of 2023, according to a report from the Cyprus Statistical Service (Cystat). ...

The total number of government employees in Cyprus reached 54,884 in October 2024, according to a statistical service report released on Monday. This figure marks a significant year-on-year increase, largely due to ...

Hellenic Bank and bankers’ union Etyk have signed a new collective agreement, according to an official announcement released on Monday. “This agreement brings to an end a prolonged period of ...

The Cyprus Chamber of Commerce and Industry (Keve) on Monday announced that it will host a Ugandan delegation, in the context of Agritrade Uganda’s visit to Cyprus, for a ...

Two in three Cypriots place a high priority on adapting to climate change, according to the European Investment Bank’s (EIB) annual climate survey. “Climate change is an undeniable reality ...

The total number of registered vehicles in Cyprus increased by 11.5 per cent during the January-October period of 2024, reaching 42,930, compared to 38,503 in the same period of 2023, according to a report from ...

There is a disconnect between the perceived and actual cyber readiness among global enterprises, according to a survey by IT services firm Kyndryl. The survey, titled ‘Cyber Gauge 2024: Navigating the ...

German sportswear maker Puma’s (PUMG.DE) third-quarter sales missed expectations due to sluggish demand and as weaker currencies in markets like Mexico, Argentina and Japan weighed on its revenue ...

Swiss bank UBS (UBSG.S) announced that it has successfully piloted a blockchain-based payment system it has developed to improve the efficiency of cross-border transactions known as UBS Digital Cash. ...

New car registrations in the UK fell for the second time this year, dropping 6 per cent to 144,288 in October, according to a report based on industry data. The Society of ...

The UK’s financial regulator has laid out plans to ensure investors in bonds and derivatives markets have access to more information and that firms lower costs by making investment ...

Here are the top business stories in Cyprus from the week starting November 4: Cyprus and Egypt are set to deepen maritime collaboration through a joint commission established during Deputy Shipping ...

By Maria Demertzis The private sector can cover at least half of the investment gap identified in Mario Draghi’s competitiveness report but will only do so if the EU’...

Physical Intelligence, a startup that is developing foundational software for robots, has announced that it has raised $400 million in early-stage funding from Amazon’s Jeff Bezos, OpenAI, venture capital firms ...

South Korea has ordered Facebook owner Meta Platforms (META.O) to pay 21.62 billion won ($15.67 million) in fines after finding it had collected sensitive user data and given it to advertisers ...

Passenger traffic at Cyprus’ Larnaca and Paphos airports increased by 7.14 per cent in October 2024 compared to October 2023, according to the Transport Ministry. The ministry said this resulted in record traffic ...

A consortium of financial technology and cryptocurrency companies including Robinhood (HOOD.O), Kraken and Galaxy Digital (GLXY.TO) this week introduced a joint stablecoin pegged to the US dollar. The ...

Nintendo this week cut its operating profit forecast for the year to March 2025 by 10 per cent to 360 billion yen ($2.36 billion), as its ageing Switch console loses steam. The latest forecast ...

The US Supreme Court is set to consider bids by two tech giants – Meta’s (META.O) Facebook and Nvidia (NVDA.O) – to fend off federal securities fraud lawsuits in ...

British house prices hit a new record high in October but the 0.2 per cent rise from September was the smallest in three months and demand could remain subdued if interest ...

The Cyprus Securities and Exchange Commission (CySEC) on Friday issued a warning regarding a rise in fraudulent activity. The latest spate of incidents involves individuals posing as CySEC officers to ...

Better regulations and improved transparency are necessary for the development of the fixed-income market, according to Societe Generale’s Elina Asimakopoulou. Asimakopoulou, who works as a senior cross asset execution ...

The PwC Cyprus Foundation on Friday announced a strategic sponsorship collaboration with Cyprus Seeds. Cyprus Seeds is a private, non-profit organisation whose mission is to support the commercialisation of innovative ...