#business

Cyprus’ GDP is expected to grow by 3.2 per cent in 2025, slightly lower than the figure of 3.4 per cent reported for 2024, according to the Central Bank of Cyprus (CBC). This figure ...

The number of job vacancies in Cyprus rose by 8 per cent year-on-year during the fourth quarter of 2024, reaching 12,997 positions, according to data released by the Cyprus Statistical Service (Cystat). When ...

Oil prices traded higher on Monday after the United States vowed to keep attacking Yemen’s Houthis until the Iran-aligned group ends its assaults on shipping. Brent futures rose 56 cents, ...

Cyprus aims to reduce conventional vehicle use from 97 per cent to 70 per cent by 2030, under its National Energy and Climate Plan (NECP), requiring the registration of 85,000 electric vehicles. However, with ...

Many hotels across Cyprus’ tourist areas have undertaken partial or extensive upgrades in recent years, despite challenges facing the tourism sector. Hotel industry representatives highlight that Cyprus relies on its ...

The US-European tariff conflict is jeopardising transatlantic business worth $9.5 trillion annually, the American Chamber of Commerce to the EU warned on Monday. AmCham EU, whose more than 160 members include Apple, ...

Two major investment funds, CarVal Investors and Caius Capital LLP, have significantly reduced their holdings in the Bank of Cyprus in recent months, marking a controlled divestment process, according to ...

The European Union (EU) is facing challenges that raise concerns about its competitiveness, according to Andreas Antoniades, Secretary-Director of the Nicosia Chamber of Commerce and Industry (Evel). Antoniades points to ...

A Troika delegation, consisting of representatives from the European Commission, the International Monetary Fund (IMF), and the European Central Bank (ECB), has arrived in Cyprus for a series of meetings ...

The Bank of Cyprus (BoC) on Monday announced that it has received the title of ‘Best Private Bank Cyprus 2025‘ by Global Banking & Finance Review magazine. The bank said that ...

The Cyprus International Businesses Association (CIBA) has sent a letter to Finance Minister Makis Keravnos, raising a series of questions regarding the proposed tax reform and its impact on foreign ...

EU-funded researchers are looking to hot air to overcome the supply and demand issues faced by solar energy and ease the clean energy transition. By Michael Allen As the world ...

EU-funded researchers have developed smart tags to guarantee the authenticity and traceability of wine from vineyard to table, helping to combat counterfeiting and boost consumer trust. By Sofia Sanchez Manzanaro ...

If Germany is to quickly revive its flagging industrial economy, businesses say the country’s new leadership must make drastic reductions to bureaucracy alongside their radical plans to boost public ...

Facebook owner Meta (META.O) is testing its first in-house chip for training artificial intelligence systems, a key milestone as it moves to design more of its own custom silicon ...

Britain’s housing market had its slowest month in more than a year in February as a rush by buyers to close deals ahead of the expiry of a tax ...

Bolivia’s state energy firm YPFB will use cryptocurrency to pay for energy imports amid a painful shortage of dollars and fuel in the landlocked South American nation, a company ...

That was the headline following the publication in December of a ‘Joint Employment Report (JER)’ by the European Commission (EC) that provides an annual overview of key employment and social ...

Here are the top business stories in Cyprus from the week starting March 10: Out of 741 tourist units preparing to reopen in Cyprus, only 100 have secured a licence, accounting for just 13.5 ...

El Al Israel Airlines has reported a nearly five-fold jump in net profit in 2024, benefiting from being one of very few carriers serving Tel Aviv after foreign airlines halted flights ...

Spain’s government has approved a bill imposing massive fines on companies that use content generated by artificial intelligence (AI) without properly labelling it as such, in a bid to ...

Real estate agents and their assistants in Cyprus face uncertainty over their professional licences following a decision by the Cyprus Real Estate Agents Registration Council to revise the requirements for ...

Credit rating agency Moody’s has upgraded Greece to investment grade, raising its credit rating to Baa3 with a stable outlook from Ba1 with a positive outlook. “The upgrade reflects ...

Analysts covering the Bank of Cyprus have significantly raised their price targets following the release of the bank’s preliminary financial results for 2024. All recent revisions indicate a more optimistic ...