#business

Cyprus’ general government surplus for January 2025 stood at €566.9 million, equivalent to 1.6 per cent of GDP, according to preliminary data released on Monday by the state statistical service. This represents an ...

The presidency on Monday announced that the government’s target for full employment was achieved within the first two years of its term, something it described as an important milestone. ...

The Research and Innovation Foundation (RIF) on Monday announced a new call for proposals under its Fast Track Innovation programme. According to the announcement, the programme aims to support existing ...

Oil prices held steady on Monday as concern over the impact of US import tariffs on global economic growth and fuel demand, as well as rising output from OPEC+ producers, ...

The largest banks in Cyprus and Greece successfully exceeded all their financial targets for 2024, demonstrating robust profitability and strengthened balance sheets. According to preliminary results released by the two largest ...

The Cyprus Stock Exchange (CSE) has reaffirmed its commitment to gender equality in the workplace, announcing that women constitute 73 per cent of its workforce, with 50 per cent holding managerial positions. ...

Out of 741 tourist units preparing to reopen in Cyprus, only 100 have secured a licence, accounting for just 13.5 per cent of the total. According to data from the Deputy Ministry of ...

By Miranda Xafa Despite the headwinds caused by the major turmoil and rapid changes in the international environment, Greece’s macroeconomic outlook for 2025 remains more positive than that of the ...

The European Union has taken a significant step towards ensuring affordable, efficient, and clean energy for its citizens through its newly announced Action Plan for Affordable Energy.  The plan, revealed ...

Britain’s Treasury Committee has announced that nine top UK banks and building societies suffered at least 803 hours of unplanned tech and systems outages in the last two years, blocking ...

AxeleraAI, one of Europe’s few companies making computer chips for artificial intelligence, has been awarded a grant of up to 61.6 million euros ($66 million) to develop a chip for use ...

Alphabet’s Google has launched an experimental version of its search engine that completely eliminates its classic 10 blue links in favor of an AI-generated summary. The new feature, available to ...

Here are the top business stories in Cyprus from the week starting March 3: The Cyprus International Businesses Association (CIBA) is currently analysing the proposed tax reform, according to an official ...

A historic global trade war, a proposed $1.2 trillion European fiscal bazooka and the emergence of China as tech race leader are upending global flows of money, marking a potential turning ...

March 5 (Reuters) – Tesla (TSLA.O) car sales in Germany fell by 76 per cent in February, data showed this week, adding to the collapse in sales of Elon Musk’s EV ...

British services firms in February cut staff at the fastest pace since 2020 ahead of tax and minimum-wage hikes that come into effect next month, an industry survey showed this week. ...

Eurobank Cyprus on Friday announced that it posted a net profit after tax of €214 million in 2024, marking a €14.6 million increase from the previous year, corresponding to a rise of 7.3 per ...

Alphabet’s Google (GOOGL.O) met with President Donald Trump’s government last week and urged them to back away from a push to break up the search engine company, ...

Japanese electronics giant Sony and drinks maker Suntory are stockpiling inventory in the United States while their peers shift production or supply chains in efforts to fend off an evolving ...

Britain’s Financial Conduct Authority has urged firms managing private assets to improve how they identify and disclose potential conflicts of interest in valuation processes, as retail investors increase their ...

Deputy Minister of Research Nicodemos Damianou on Friday stressed the importance of investing in artificial intelligence (AI) at the Demystifying and Unleashing AI conference in Nicosia. Highlighting AI’s potential ...

Eurobank Cyprus on Friday announced that it posted a net profit after tax of €214 million in 2024, marking a €14.6 million increase from the previous year, corresponding to a rise of 7.3 per ...

The Deputy Ministry of Tourism has expressed satisfaction with its participation at the ITB Berlin tourism conference this week, where minister Kostas Koumis led the Cypriot delegation. According to an ...

US Ambassador to Cyprus Julie Davis this week highlighted the crucial role of American investments in Cyprus’ economic development. Speaking at an event at Neapolis University Paphos titled “USA – Cyprus: ...