#business

Cyprus’ gross domestic product (GDP) in nominal terms (current prices) reached €31.34 billion in 2023. This marks a growth rate of 6.5 per cent, according to the major revision of national accounts for 1995–2022 ...

Britain’s smaller listed companies can reverse a “doom loop”, driven by plummeting valuations and higher costs and regulation, with help from broader tax exemptions and incentives, a think tank ...

The Deputy Ministry of Tourism on Friday outlined the need to address long-standing challenges in the tourism sector, in order to maximise its performance and boost the Cypriot economy. Initiatives ...

Fiscal Council president Michalis Persianis on Friday raised concerns over the growing trend in consumer loans, which, according to him, are being granted easily by some banks without collateral. He ...

Cash-strapped electric luxury sedan maker Lucid (LCID.O) said on Thursday a combined public offering and private placement of roughly 637 million shares would likely fetch it $1.67 billion. The stock sale ...

Businesses in Cyprus are strengthening their cybersecurity measures in anticipation of the European Union’s network and information security directive (NIS 2). The new directive comes into effect across all 27 EU ...

Seven of the 10 big developed-market central banks tracked by Reuters have now started easing policy, with expectations of how quickly each will move swinging back and forth as policymakers stress ...

The number of tourists arriving in Cyprus reached 509,463 in September 2024, up from 487,350 in September 2023. This marks an increase of 4.5 per cent year-on-year, according to the Cyprus Statistical Service (Cystat). For ...

BP (BP.L) is considering selling a minority stake in its offshore wind business, according to four sources with knowledge of the matter, the latest effort by CEO Murray Auchincloss ...

The number of women who hold executive reins in corporate Britain has fallen for the first time in eight years in an “unacceptable” reversal that could delay gender parity for ...

Dr. Silvio Walser, Product Manager of Digital Product, Bank of Cyprus: “A guide for young people on their journey towards financial independence” Financial literacy skills, such as budgeting, saving, and ...

The European Central Bank cut interest rates for the third time this year on Thursday, pointing out that inflation in the eurozone is now increasingly under control and the economic ...

The Cyprus Mail’s Souzana Psara caught up with Cyprus-based marketing agency CAPSBOLD’s PR Director Olga Loktionova at the Elevate Summit 2024 in Limassol, where they discussed how branding, influencer ...

The number of tourists arriving in Cyprus reached 509,463 in September 2024, up from 487,350 in September 2023. This marks an increase of 4.5 per cent year-on-year, according to the Cyprus Statistical Service (Cystat). For ...

Cyprus’ harmonised inflation rate decelerated to 1.6 per cent in September 2024, matching the rate recorded in March of this year, which was the lowest recorded during the past 33 months. This figure ...

Aegean Airlines this week announced the launch of a new direct route connecting Cyprus to Rome, effective from April 2025. According to the announcement, the new service will operate from Larnaca ...

The CFA Society Cyprus this week reaffirmed its commitment to promoting professional networking and excellence within the island’s financial community during its first post-summer member event. In an official ...

The Cyprus Securities and Exchange Commission (CySEC) on Thursday announced that it will no longer accept new applications for registration of Crypto-Asset Service Providers (CASPs). This decision is in line ...

There is a global gap in environmental, social, and governance (ESG) performance, coupled with declining public trust in governments and corporate behaviour, according to SEC Newgate’s fourth annual ESG ...

The vast majority of global executives (90 per cent) believe their IT infrastructure is best-in-class, while only 39 per cent feel it’s ready to handle future risks, according to a report ...

The Pancyprian Cooperative Promotion Company is seeking a contractor to prepare a prospectus and issue shares as part of its roadmap to establish a “new small cooperative bank”, it emerged ...

Nestle (NESN.S) could use the fresh start provided by new CEO Laurent Freixe in the coming months to lower financial guidance for the second time this year following months ...

Procter & Gamble (PG.N) is set to report muted quarterly revenue growth on Friday. The purveyor of Tide detergent, Dawn dish soap and Pampers diapers faces rivals competing on ...

Sales growth at British supermarkets picked-up over the last month, helped by consumers starting to make purchases for Christmas, industry data showed on Wednesday. Market researcher NIQ said UK supermarket ...