#business

British fintech company Revolut made a record pretax profit of 438 million pounds ($553.81 million) in 2023 on strong user growth and soaring interest-related income, it said on Tuesday, as it looks to ...

Here are the top business stories in Cyprus from the week starting July 1: Energy Minister George Papanastasiou recently pointed out Egypt’s pivotal role as a key partner for Cyprus ...

Turkey’s central bank is determined to combat soaring prices and will stick patiently to its tight policy stance, Governor Fatih Karahan told Reuters, as a series of aggressive rate ...

UBS is seeing a shift in the way clients are interacting with their bankers powered by artificial intelligence, according to the head of the Swiss bank’s domestic business Sabine ...

Apple (AAPL.O) will get an observer role on OpenAI’s board as part of a landmark AI agreement announced last month, Bloomberg News reported this week. Phil Schiller, the ...

By Charles Ellinas Eni, the Italian multinational energy company, published its ‘Capital Markets Update’ on 14th March focusing on ‘a distinctive strategy to address the challenges and opportunities of the ...

The Cyprus Real Estate Agents Registration Council this week called on the government to ban short-term property rentals, a market dominated by online platform Airbnb, to help lower rental prices. ...

CEO of Ask Wire Pavlos Loizou, has hands-on experience in setting up large scale real estate platforms and in repositioning real estate assets, having established and being the head of ...

British manufacturing activity growth slowed last month from May’s 22-month high as ongoing disruption to shipping in the Red Sea contributed to lower demand from overseas customers, according to ...

The Swiss National Bank is open to expanding its pilot project with wholesale central bank digital currencies, governing board member Antoine Martin said on Wednesday. “We would like to see ...

Robotex MRC 2024, Cyprus’ largest educational robotics festival, concluded with resounding success over the weekend of June 29 and 30. Organised by the Cyprus Computer Society (CCS) and hosted at the University of ...

Bitcoin was set for its biggest weekly fall in more than a year on Friday, as traders fretted over the likely dumping of tokens from defunct Japanese exchange Mt. Gox ...

The Paphos Chamber of Commerce and Industry (Evep) has teamed up with the European Affairs Unit, allowing them to jointly participate in the Green Synergy programme, which is supported by ...

Cyprus’ Industrial Turnover Index rose by 11.1 per cent in April 2024, when compared with the same month of the previous year, according to a report released on Friday by the Cyprus ...

One of the major issues is that the supply of properties cannot keep up with demand The Cyprus Real Estate Agents Registration Council this week called on the government to ...

Staying true to its people-centred philosophy and commitment to excellence, Korantina Homes Group forges ahead in 2024 – a pivotal year in rolling out its operations strategy. In recent years, Korantina Homes ...

President Nikos Christodoulides underscored the goal of establishing a stable and healthy fiscal environment in Cyprus during a roundtable discussion with the Cypriot business community on Thursday evening at the ...

Oil prices dipped on Friday but were on track for a fourth straight week of gains and were near their highest levels since late April on hopes of strong summer ...

Transforming the workplace experience, Limassol’s striking new business hub unveils its communal ‘third place’ oasis promoting community and connectivity. Neocleous Tower is a modern, sustainable, office building in central ...

The Central Bank of Cyprus (CBC) announced on Thursday that new loans taken out by non-financial corporations over €1 million increased by 10 per cent in May of this year, despite a 0.52 ...

Eurozone inflation eased last month but a crucial services component remained stubbornly high, likely fuelling concern among some European Central Bank policymakers that domestic price pressures could stay at elevated ...

For more than four months, US envoys delivered increasingly shrill warnings to Austria’s Raiffeisen Bank International (RBIV.VI) to scrap a deal they said had links to one of ...

The Central Bank of Cyprus (CBC) announced on Thursday that new loans taken out by non-financial corporations over €1 million increased by 10 per cent in May of this year, despite a 0.52 ...

The Central Bank of Cyprus (CBC) stated in its 2023 annual report, which was published this week, that increased bank profitability is not expected to alter the supervisory authorities’ prudent policy ...