#business

The amount of Russian and Iranian oil held on ships has hit multi-month highs as harsher US sanctions reduced the number of buyers, leaving fewer tankers available to deliver cargoes ...

Cyprus-based INXY Payments, an EU-authorised payment platform bridging together traditional finance and the crypto economy, has successfully closed a $3 million investment round led by Flashpoint VC with participation from prominent ...

The Digital Cooperation Organisation (DCO) – the world’s first standalone international intergovernmental organisation focusing on the acceleration of the growth of an inclusive and sustainable digital economy – will hold its ...

Hong Kong investor Balram Chanrai is steadily increasing his ownership of Agros Development Company ‘Proodos’ Public Ltd, which owns the Rodon hotel in Agros. Based on the announcements on the ...

The Bank of Cyprus this week presented its revamped branch network model, inaugurating its newly renovated branch on Archbishop Makarios III Avenue in Nicosia. The event, held on Wednesday afternoon, ...

Eurobank has announced that the India-Greece-Cyprus (IGC) Business & Investment Council was officially launched on Thursday at the Taj Mahal Palace in Mumbai. The announcement mentioned that this marks “a ...

Cyprus’ Deputy Minister of Innovation, Nicodemos Damianou, and UAE Minister of State for Artificial Intelligence, Digital Economy, and Remote Work Applications, Omar Sultan Al Olama, have signed a Memorandum of ...

Hellenic Bank has officially announced the complete exit of Demetra Holdings Plc from its shareholder structure, following the completion of the agreement for the sale of its 21.33 per cent stake. “...

A number of maritime and shipping organisations are becoming increasingly concerned with issues related to seafarer safety, according to a number of discussions at the recently held Capital Link Forum. ...

Cyprus experienced growth across a number of key economic sectors, according to the state statistical service. In its latest report, which analysed monthly economic developments from January to December 2024, the ...

The total supply and use in Cyprus for 2021 balanced at €77.76 billion at purchaser prices, according to the statistical service. The report, which covers the country’s supply, use, and input-output ...

The environment department has given approval for a €55 million project to convert an existing tourist apartment complex into a 480-bed, 4-star hotel in Polis Chrysochous, it emerged on Wednesday. In ...

The Cyprus Statistical Service (Cystat) has launched a new online tool aimed at modernising public sector operations as part of its digital transformation efforts. The platform allows companies registered in ...

Heineken’s (HEIN.AS) shares surged 12 per cent on Wednesday as the Dutch brewer predicted more growth next year after producing forecast-beating profits in 2024, and said it would launch a 1.5 ...

World Liberty Financial, the new crypto platform in which President Donald Trump holds a financial stake, announced that it was unveiling a strategic token reserve designed to bolster Bitcoin, Ethereum ...

One Plus Capital (OPC) recently hosted the Investment Edge 2025 conference in Cyprus, focusing on strategic investment management and macroeconomic analysis to bolster decision-making and promote flexibility in an ever-evolving market. ...

The Cyprus Securities and Exchange Commission (CySEC) on Wednesday released a statement outlining its supervisory priorities for 2025. According to the announcement, the commission is focused on adapting to emerging regulatory ...

The Central Bank of Cyprus (CBC) on Wednesday published the latest figures on deposit and loan interest rates for households and businesses in December 2024. The data reveal fluctuations across financial ...

The European Investment Bank group’s (EIB) latest investment survey reports that 81 per cent of Cypriot companies are engaged in global trade, significantly outperforming the EU average of 63 per cent. ...

The environment department has given approval for a €55 million project to convert an existing tourist apartment complex into a 480-bed, 4-star hotel in Polis Chrysochous, it emerged on Wednesday. In ...

President Donald Trump is likely to dust off a 1930 trade law largely forgotten for decades to back his new reciprocal US tariffs that will match other countries’ higher import taxes, ...

Project Management Offices (PMOs) are evolving to meet the demands of a rapidly changing business environment, according to Stavros Christoforou, senior manager at PwC Cyprus’ advisory services. Christoforou explained that ...

The European Commission has issued a positive preliminary assessment for Cyprus’ request to receive €76.9 million under the NextGenerationEU programme, which aims to drive Europe’s recovery towards a greener, more ...

The Cyprus Borrowers Association (Syprodat) reported this week that it has observed a significant increase in activity among nearly all banks focusing on up-to-date borrowers. As a reaction, the association ...