#business

Hellenic Bank has completed its latest voluntary exit scheme, with 154 employees departing the bank between February 17 and March 11. The initiative, which cost the group approximately €24.2 million, is expected to yield ...

By Spyros Ierides, CFA Society Cyprus In today’s modern era of cutting-edge technologies and Artificial Intelligence (“AI”), financial advice can be just a click away. Undoubtedly, this has led ...

Cyprus-based alternative investment fund Cyreit has announced the sale of Irida Tower, a multi-storey commercial building in Larnaca. The fund, a subsidiary of Prodea Investments, said that it is offering ...

By Nestor Fylaktos Recently the Cypriot electricity system has made it a habit to curtail a significant portion of solar Photovoltaic (PV) generation during daylight hours, to the irritation of ...

Data Center Alley, a 30-square-mile stretch outside Washington D.C. and home to more than 200 data centers, consumes roughly the same electricity as Boston. So power company officials were alarmed ...

Cybersecurity has evolved from being a luxury to becoming a strategic priority for organisations, according to Minos Georgakis, Director of Advisory Services at PwC Cyprus. In a recent piece of ...

Financial technology firms and crypto companies are seeking to become state or national banks in a bid to expand their business under the Trump administration that they view as more ...

Bentley has posted its lowest annual revenue since the COVID pandemic struck in 2020 as the British luxury automaker faced a tough global market in 2024, but said it was pursuing “value ...

Cyprus has received a credit rating upgrade from Morningstar DBRS, which raised the country’s long-term foreign and local currency issuer ratings from BBB (high) to A (low), maintaining a ...

Here are the top business stories in Cyprus from the week starting March 17: The Cyprus International Businesses Association (CIBA) has sent a letter to Finance Minister Makis Keravnos, raising a ...

In the closely watched sale of TikTok, the White House is playing the role of investment bank, with Vice President JD Vance running the auction. It is an unprecedented level ...

Tumbling stock markets and signs of tightening credit may make the Federal Reserve’s job even more difficult this week as US central bank policymakers try to weigh whether consumer ...

Alphabet (GOOGL.O) said this week it would buy Wiz for about $32 billion in its biggest deal as the Google parent doubles down on cybersecurity to sharpen its edge in ...

Central Bank of Cyprus (CBC) governor Christodoulos Patsalides on Friday highlighted the country’s economic transformation in recent years, while also outlining the challenges that lie ahead. Speaking at a ...

Intel’s incoming CEO Lip-Bu Tan has considered significant changes to its chip manufacturing methods and artificial intelligence strategies, two people familiar with Tan’s thinking told Reuters, in a ...

The light-based internet project Taara is departing Alphabet’s “moonshot” incubator X and spinning off into an independent company.  Taara’s technology uses lasers to transmit data and is seen ...

Tech companies must start putting in place measures to protect users from child sexual abuse images and other illegal content in Britain from Monday as enforcement of its online safety ...

Deputy Minister of Shipping Marina Hadjimanolis attended the European Shipping Summit (ESS) this week, where she underlined the need to enhance competitiveness and inclusivity within European shipping. The event, held ...

CarVal Investors has further reduced its stake in the Bank of Cyprus, marking another significant divestment by the American investment fund. According to an announcement by the bank, CarVal has ...

Hermes Airports on Friday announced that it has successfully concluded the financing arrangements for the Phase 2 development projects at both Larnaca and Paphos airports. All necessary agreements with the financing ...

The Central Bank of Cyprus (CBC) and the European Stability Mechanism (ESM) on Friday hosted a high-level conference with the Cypriot economy at the heart of discussions. Specifically, the conference ...

Concerns were escalated in Parliament regarding the accessibility of ATMs for elderly residents in mountainous and other remote areas, who are forced to travel between villages to withdraw cash. This ...

Central Bank of Cyprus (CBC) governor Christodoulos Patsalides on Friday highlighted the country’s economic transformation in recent years, while also outlining the challenges that lie ahead. Speaking at a ...

The Cyprus University of Technology (Tepak) has signed a cooperation protocol with the National Documentation Centre (EKT) of Greece, strengthening ties and knowledge exchange between the two institutions. The signing ...