#business

BYD, the world’s leading manufacturer of electric vehicles, has officially appointed Alpan Group as its national dealer partner in Cyprus, marking a major step forward in the country’s ...

The Cyprus Hoteliers Association (Pasyxe) on Monday reported a strong increase in hotel bookings during the current period ahead of Easter, reflecting heightened demand across the island. Speaking to the ...

The Cyprus Statistical Service (Cystat) on Monday reported a significant decline in the number of building permits issued during December 2024. Specifically, a total of 385 permits were authorised during this time, ...

Consumer protection service (CPS) officers on Monday began recording the prices of 41 key products at 125 retail premises across Cyprus, ahead of the Easter celebrations. The findings will be made public ...

London-based fintech app Plum, which also has offices in Cyprus, announced on Monday that it has secured £15 million in venture debt financing from global financial group BBVA. According to the ...

Hellenic Bank on Monday released a statement reaffirming its leadership in sustainability by becoming the first company in Cyprus to voluntarily adopt the Corporate Sustainability Reporting Directive (CSRD) and the ...

The Girls in STEAM Academy, in collaboration with Cyta, on Monday announced the launch of a new programme titled Etimes (Ready). This new initiative is aimed at supporting young women ...

The Cyprus Securities and Exchange Commission (CySEC) has issued a new circular reminding Cyprus Investment Fund Managers (CyIFMs) of their obligations regarding the compliance of their websites and marketing communications. ...

The Bank of Cyprus, along with its subsidiaries, on Monday announced the signing of a binding agreement to acquire 100 per cent of Ethniki Insurance Cyprus Ltd from Ethniki Hellenic General ...

Cyprus airports are set for another record-breaking year, with 55 airlines scheduled to operate flights to and from 158 destinations across 39 countries this summer, according to Hermes Airports’ Maria Kouroupi. The company, ...

A large-scale mixed-use development is planned for the site of the historic KEAN factory in Limassol, with the project currently under public consultation by the environment department. The Environmental Impact ...

An escalating global tariff war could provide challenges for the emerging data centre sector and cause slower growth, Laura Cozzi, the International Energy Agency (IEA) Director of Technology told Reuters. ...

At a scary moment when almost no place in global markets looks safe, Germany’s recently rocky government bonds may be one of the few true havens left. A week ...

Despite facing persistent structural challenges, the Cypriot manufacturing industry continues to demonstrate remarkable resilience in the face of international turbulence, according to the Employers and Industrialists Federation (Oev). Moreover, the ...

Taiwan’s Foxconn (2317.TW) sees Japan as a big opportunity for growing its electric vehicle business and hopes to agree on partnerships with Japanese companies as soon as possible, an ...

Global shipments of personal computers rose 9.4 per cent in the first quarter of this year as PC makers boosted consignments to the United States in anticipation of President Donald Trump’...

Norway’s $1.7 trillion sovereign wealth fund, the world’s largest, will remain calm in the face of turbulent times, upholding a long-term investment strategy that is widely agreed upon, the ...

Here are the top business stories in Cyprus from the week starting April 7: Cyprus has the potential to become a key location for data centres, according to Andreas Poullikkas, an ...

Alphabet’s (GOOGL.O) this week unveiled its seventh-generation artificial intelligence chip named Ironwood, which the company said is designed to speed the performance of AI applications. The Ironwood processor ...

Amazon.com (AMZN.O) is considering a $15 billion warehouse expansion plan for about 80 new logistics facilities in US cities and rural areas, Bloomberg News reported this week, citing people familiar ...

British house prices unexpectedly fell in March, according to data from mortgage lender Halifax which represented the latest sign of a cooling in the market after a rush to buy ...

The Cyprus Investment Funds Association (CIFA) held its Annual General Meeting (AGM) this week, presenting a comprehensive review of the sector’s achievements and outlining strategic priorities for continued growth ...

In just a week, the dollar has gone from a safe haven to investors’ whipping boy as US President Donald Trump’s chaotic tariffs on friend and foe alike undermine ...

Britain’s government wants to dilute regulations for smaller private equity and hedge funds in a bid to bolster the country’s appeal as an investment hub. The UK finance ...