#business

Cyprus recorded a positive economic growth rate of 3.4 per cent in real terms for 2024, with its gross domestic product (GDP) reaching €33.57 billion at current prices. In addition, according a report ...

Cyprus Airways on Wednesday announced the addition of a fourth Airbus A220-300 aircraft to its fleet. In its announcement, the company said the aircraft reflects its commitment to sustainable ...

Alter Ego Media, through its venture capital arm Alter Ego Ventures, has acquired a 1 per cent stake in CH Game Development Software Limited, investing €110,000 in the Cyprus-based eGaming company. The ...

The Cyprus Stock Exchange (CSE) on Wednesday announced a number of changes to its major indices, following the suspension of trading in the shares of Salamis Tours (Holdings) Public Ltd. ...

Oil prices climbed more than 1 per cent on Wednesday, extending the prior day’s gains, as investors weighed a fresh round of US sanctions on Iran, a drop in US ...

Cyprus-based Aloha Browser on Wednesday announced the launch of Snips, a groundbreaking AI-powered feature. The new feature is designed to simplify web browsing by eliminating the chaos of excessive open ...

Chairman of the Cyprus Property Developers Association Υiannis Misirlis on Wednesday praised the contribution of the real estate sector to the economy, and defended it from sweeping allegations of bad ...

The International Monetary Fund (IMF) on Tuesday revised down its forecast for Cyprus’ economic growth, projecting a rate of 2.5 per cent of GDP in 2025. This is significantly lower than its ...

Limassol is entering the most demanding phase of its European Capital of Culture 2030 campaign, with a clear focus on delivering an ambitious yet realistic programme, according to Andreas Pittas, chairman ...

The European Central Bank could hit its 2 per cent inflation target in the coming few months but the broader economic outlook is far too uncertain for the bank to provide ...

Credit rating agency Morningstar DBRS has flagged significant uncertainty regarding the impact of tariff policies on global sovereign credit ratings. In a newly published report, the agency highlighted that tariffs, ...

Eurozone firms were reporting improved business momentum in the weeks leading up to the Trump administration’s early April tariff announcement, mainly reflecting an incipient recovery in the industrial sector, ...

The International Monetary Fund (IMF) on Tuesday revised down its forecast for Cyprus’ economic growth, projecting a rate of 2.5 per cent of GDP in 2025. This is significantly lower than its ...

Cyprus recorded the second highest budget surplus among European Union member states in 2024, according to data released by Eurostat on Tuesday. The island tied with Ireland, with both countries reporting ...

Eurozone inflation could be a touch higher this year than earlier thought but will then stabilise at the European Central Bank’s 2 per cent target, the bank’s Survey of ...

The dollar marked a fresh low against the yen and hovered around multi-year lows versus the euro and the Swiss franc on Tuesday as President Donald Trump’s attacks on ...

Oil prices climbed on Tuesday as investors took advantage of the previous day’s losses to cover short positions, although concerns persisted over economic headwinds from tariffs and US monetary ...

Central Bank of Cyprus (CBC) governor Christodoulos Patsalides has warned that the United States’ decision to impose high tariffs on imports globally is exacerbating international economic uncertainty, with potential medium-term ...

Plum CEO and founder Victor Trokoudes has welcomed the European Central Bank’s (ECB) decision to cut interest rates, calling it a “strong signal” that the bank is delivering on ...

Cyprus is seeing a strong flow of tourist arrivals this spring, with Paphos enjoying robust bookings from key foreign markets and a noticeable uptick in domestic travel over Holy Week. ...

Workplace equality, support for vulnerable groups, and social enterprises are becoming key priorities under ESG’s social pillar, according to Andreas Alexi of the Cyprus Chamber of Commerce and Industry (...

The federation of employers and industrialists (Oev), marking 65 years of activity in Cyprus, has long prioritised internationalisation as a strategic pillar for strengthening the competitiveness of local businesses. Specifically, Oev ...

Global hedge funds last week dumped the so-called Magnificent Seven megacap stocks, bringing their exposure to the group to a two-year low just ahead of their earnings, according to a ...

US multinational companies are extending their currency hedges to longer periods to shield their cash flows from potential exchange rate volatility triggered by the Trump administration’s tariff policies. The ...