#business

According to the Cyprus Statistical Service (Cystat), the prices of construction materials show a small increase. The Construction Materials Price Index for 2023 recorded an increase of 2.91 per cent per compared ...

Cyprus is among the top European Union countries in car ownership, with 658 passenger cars per 1,000 inhabitants – an increase of 19.85 per cent over the past decade – according to the latest Eurostat ...

Apple (AAPL.O), opens new tab ended Samsung Electronics’ (005930.KS), opens new tab 12-year run as the largest seller of smartphones in the world, after commanding a 20% market share in 2023, ...

World stocks and bonds took a hit on Wednesday as central banks pushed back against interest rate cut bets, while signs of a patchy economic recovery in China drove shares ...

Renault (RENA.PA), opens new tab on Wednesday reported a 9 per cent increase in annual global sales volumes for 2023, returning to growth after four consecutive years of decline and the ...

Cyprus Statistical Service (Cystat) reported a 20.1 per cent increase in total tourist arrivals for the year 2023 compared to the previous year, which marked the third-best year on record after 2018 and 2019. ...

Schibsted (SCHA.OL), Allegro and more than 20 other small European companies and industry groups on Tuesday urged Big Tech to seek their input into how it plans to comply with ...

Cyprus showed a decline in loan applications by both businesses and households, in the third quarter of 2023. This was influenced by strict Eurozone policies and rising interest rates, according to ...

Oil prices rose by around 1 per cent on Tuesday, as investors weighed the impact of tensions in the Middle East. Brent crude futures gained 81 cents, or about 1.04 per cent, to $78.96 ...

Businesses highly prioritise candidates with advanced soft skills, said Irina Karpova, the head of recruitment at a leading Fintech company in Limassol. Karpova said that securing individuals who align with ...

BYD’s first chartered vehicle vessel has set sail from China’s southern city of Shenzhen, carrying more than 5,000 electric vehicles to Europe, state media Xinhua reported on Tuesday. Chinese ...

Thomson Reuters (TRI.TO) said on Tuesday it acquired World Business Media Limited, a subscription-based provider of news and analysis on the insurance and reinsurance market. The London-based company of ...

Eurostat’s latest data reveals significant developments in European tourism for the year 2023. Among the notable findings is Cyprus’s anticipated 20 per cent growth in tourism, securing the second-highest increase ...

Toy makers grappling with surging costs in China are finding no easy options when it comes to shifting production to cheaper centres elsewhere. Six years ago, monopoly maker Hasbro (HAS....

Business chief executives have expressed greater optimism about the economic prospects in 2024 than they had done for the previous year, with a many having plans to expand their workforce in ...

Commissioner of the Environment, Antonia Theodosiou, said it was critical for businesses to align with the newly established framework of the European Green Deal. At a workshop titled “How do ...

Finance Minister Makis Keravnos expressed concerns that the tensions in the Red Sea could fuel more inflation. Speaking to CNA from Brussels, where he attended sessions of the Eurozone Finance ...

Energy Minister, George Papanastasiou, said that integrating RES into conventional power generation was vital for reducing energy costs. “The way ahead is now green,” said Papanastasiou explaining that “the cost ...

Toyota Motor (7203.T) plans to produce about 10.3 million vehicles globally in 2024, renewing its record annual production for the second consecutive year, the Nikkei reported on Monday. Toyota is preparing to ...

Global banks could boost their valuations by a combined $7 trillion in the next five years if they take major steps to promote growth and boost productivity, the Boston Consulting Group ...

Greece has begun preparations for the sale of 30 per cent stake in Athens International Airport through an initial public offering (IPO) and separate agreements with shareholders AviaAlliance and the Copelouzos ...

Cyprus Statistical Service (Cystat) reported a 1.5 per cent annual increase in total beer sales for 2023, on Monday, January 15. The total beer deliveries for the year reached 42.13 million litres, a slight ...

Two newly-built Japanese cargo ships that will fly the Cyprus flag were officially named by Deputy Shipping Minister Marina Hadjimanoli during her recent trip to Japan, while more are expected ...

Banks in Cyprus and Hungary are the most profitable for shareholders, the European Banking Authority (EBA) said on Friday, regarding the risk of Eurozone banks. As of the end of ...