#business

Platres’ Forest Park Hotel has been sold to forex and CFD brokerage firm XM for over €10 million, with a major €15 million renovation expected to follow, according to reports released on ...

The Cyprus government aims to address labour market challenges by facilitating the recruitment of necessary workers from third countries, Labour Minister Yiannis Panayiotou said during a meeting with the Famagusta ...

The Central Bank of Cyprus (CBC) this week issued a new directive regarding the operation of the central registry of information for issuers of bounced cheques, aiming to refine existing ...

Deputy Minister of Tourism Kostas Koumis will be undertaking significant diplomatic engagements in Berlin as he leads the Cypriot delegation at the renowned ITB Berlin tourism exhibition, according to an ...

A stronger-than-expected US economy is buoying the dollar, frustrating investors who had bet the currency would wilt under a barrage of interest rate cuts that have yet to materialize. The ...

Sterling’s meandering performance against the dollar could get a jolt this week as Britain’s finance minister faces pressure to cut taxes, but with the gilt turmoil of September 2022 ...

Cyprus saw a substantial 47 per cent increase in the issuance of new loans during the first month of the year, according to a report released this week by the Central ...

International investment company XM this week announced its active involvement in supporting education and skills development through a sponsorship agreement with ARIS (A Really Inspiring Space), allowing the company to ...

The European Central Bank meets on Thursday, with markets eyeing any nudge towards an interest rate cut as inflation weakens. The ECB, expected to hold rates at a record 4 per ...

Japanese automaker Toyota (7203.T) will announce on Tuesday an 11 billion real ($2.2 billion) investment for the next few years in Brazil, the South American country’s vice-president said on Sunday. Toyota ...

The Swiss National Bank (SNBN.S) posted an annual loss of 3.2 billion Swiss francs ($3.62 billion) for 2023, the central bank said on Monday, as the switch to positive interest rates cost ...

The Central Bank of Cyprus (CBC) on Monday released a report revealing a decline in deposit interest rates in January 2024, alongside a mixed picture in interest rates for key loan ...

For the second consecutive year, the University of Nicosia and Junior Achievement Cyprus co-organised the World Conference on Business Education, with the theme “Development of Business Skills”. This event took ...

Celestyal Cruises and the Cyprus Maritime Academy on Monday announced the signing of a Memorandum of Understanding, marking a significant collaboration in the realm of maritime education. Under this agreement, ...

Deputy Minister of Shipping Marina Hadjimanolis will be conducting visits to Athens and Brussels this week, according to an official announcement by her ministry released on Monday. The announcement stated ...

Turkey’s annual inflation rate climbed to 67.07 per cent in February, exceeding expectations and keeping up pressure for tight monetary policy amid strong rises in food, hotel and education prices, ...

Executive Manager of the Paphos Regional Tourism Board (Etap) Nasos Hadjigeorgiou has expressed cautious optimism about this year’s winter tourist season, despite acknowledging challenges and fluctuations in reservations from ...

Chair of the Single Resolution Board Dominique Laboureix has commended Cypriot banks for their progress in aligning with the Minimum Requirements for Own Funds and Eligible Liabilities (MREL). It should ...

Bitcoin scaled a two-year high on Monday, breaking $64,000 as a wave of money carried it within striking distance of record levels. It touched $64,285 early in the Asian day, its highest ...

Oil prices ticked up slightly on Monday following the widely expected extension of voluntary output cuts by the OPEC+ producer group on Sunday. Brent futures climbed 14 cents to $83.69 a barrel ...

Consulting and advisory firm PwC Cyprus recently presented its annual report for the Cypriot real estate market, which includes important information about the sector’s performance in 2023. The presentation took ...

A new generation of commercial electric vehicles is emerging to reduce air pollution and congestion in urban areas. By Karen McHugh At the end of January 2024, keen-eyed residents of the ...

Improved cybersecurity defences for electronic commerce have emerged from EU-funded projects. By Tom Cassauwers What do a Greek pharmacy, a Spanish multinational bank, a German foundation specialised in the digital ...

Global hedge funds sold tech stocks at their highest pace in almost eight months in the week to Feb. 23, Goldman Sachs said, piling into bets against the sector just as ...