#business

German software firm SAP (SAPG.DE) said on Wednesday it will acquire WalkMe (WKME.O), a Saas company headquartered in Tel Aviv. Shares in the latter were up 42 per cent ...

Turkey has almost finalised work on imposing a transaction tax on the purchase and sale of stocks and crypto assets, an economy official said on Wednesday. The move is part ...

President of the Larnaca Hoteliers Association Marios Polyviou on Wednesday reported a slight decrease in tourist bookings in Larnaca compared to last year, noting that arrivals to the island are ...

Eurobank S.A. on Tuesday, June 4, announced the acquisition of 31,959 shares of Hellenic Bank Public Company Ltd from investment funds managed by Senvest Management LLC. According to the announcement, the ...

The Cyprus Research and Innovation Foundation (RIF), Cyprus’ national funding agency for research, technological development, and innovation, continues to be a cornerstone in developing the country’s growing ecosystem. RIF ...

Consulting and advisory firm Deloitte Cyprus this week announced that it has expanded its leadership team with the appointment of three new partners effective from June 1, 2024. According to the announcement, ...

Cypriot firm Ask Wire, a real estate data analytics company, this week announced the successful completion of its equity extension round, securing funding to support its expansion into key European ...

Eurobank S.A. has announced that it now holds 55.3 per cent of the total issued share capital of Hellenic Bank. The bank revealed that it has submitted a Mandatory Public ...

An outage affecting Norway’s gas exports to Britain that sent prices soaring on Monday will likely be repaired by Friday, easing supply crunch concerns but still serving as a ...

Oil prices fell more than $1 a barrel on Tuesday on scepticism about an OPEC+ decision at the weekend to boost supply later this year into a global market where demand ...

The Cyprus Research and Innovation Foundation (RIF) on Tuesday announced a new funding initiative totalling €300,000, aimed at strengthening innovation support structures, including incubators and accelerators for start-ups. According to the ...

Eurobank S.A. has announced that it now holds 55.3 per cent of the total issued share capital of Hellenic Bank. The bank revealed that it has submitted a Mandatory Public ...

The capital markets team of Elias Neocleous & Co LLC has successfully assisted Premier Energy PLC in relation to the initial public offering (IPO) and listing on the Bucharest Stock ...

Cyprus’ flagship tech & startup festival, Reflect Festival, returned to Limassol, welcoming 9,000 entrepreneurs, investors, and tech enthusiasts in an ambitious new venue. Reflect Festival successfully wrapped up another edition fueled ...

The Cyprus Chamber of Commerce & Industry (Keve) on Tuesday announced the completion of the works aiming to upgrade its headquarters in Nicosia into a green building. This initiative aligns ...

Bernhard Schulte Shipmanagement has announced the appointment of Bjoern Sprotte as Chief People and Sustainability Officer to the Management Board, effective from June 1, 2024. Based in Limassol, Cyprus, and reporting directly ...

The return on equity for the Cypriot banking system after taxes reached 24.6 per cent at the end of 2023, compared to just 4.8 per cent at the end of 2022, according to a ...

The Cypriot economy grew by 3.4 per cent in the first quarter of 2024 compared to the same period in 2023, with the construction sector showing the largest increase at 10.2 per cent, according ...

PwC Cyprus once again demonstrated its commitment to supporting Reflect Festival, one of the most prominent technology and startup conferences in the region, which took place on May 30-31 in ...

The volume and value of retail trade transactions in Cyprus saw a notable increase in April 2024 compared to the same month in 2023, according to a report released this week by ...

President of the Cyprus Real Estate Agents Registration Council Marinos Kineyirou on Monday called for stricter regulation of short-term rentals in Cyprus. The council president highlighted the adverse impacts on ...

The long-running downturn in eurozone manufacturing may have turned a corner last month, according to a survey which showed new orders declined at their slowest pace in two years, leading ...

Turkish factory activity contracted again in May as a slowdown in demand caused firms to scale back production and employment, a survey showed on Monday. The Purchasing Managers’ Index (PMI) ...

Cyprus is set to make a significant showing at the international shipping conference Posidonia 2024 in Athens, with around seventy companies participating in what is considered the largest maritime exhibition in ...