#BusinessPick

More than €8 billion of major developments have been planned to be carried out in Cyprus, the Association of Large Investment Projects’ chairman Andreas Demetriades said on Thursday. Demetriades was speaking ...

Global securities watchdog IOSCO on Thursday proposed detailed guidance on how regulators should supervise stock exchanges more closely to negate risks from changes in business practices. IOSCO, which groups financial ...

US layoff announcements rose 7 per cent in March to the highest since January 2023, led by technology and government-sector job eliminations, though cuts announced year to date are down 5 per cent ...

Cyprus’ tourism revenue experienced a slight decline in January 2024, when compared to January 2023, while per capita tourist spending saw an increase, according to a report released by the Cyprus Statistical ...

Inflation in Cyprus witnessed a significant deceleration in March 2024, recording the lowest rate of increase in nearly three years, standing at 1.2 per cent year-on-year. This downturn primarily stems from a ...

Cypriot authorities must capitalise on the economy’s robust performance and promote structural changes that will further unlock the country’s potential growth and development outlook, an official of the ...

The Cabinet this week approved a circular economy scheme for small and medium enterprises (SMEs), following a proposal by a proposal by the Minister of Energy, Commerce and Industry George ...

The Central Bank of Cyprus (CBC) on Thursday reported an increase in bounced cheques during the first quarter of 2024, when compared to the same period of the previous year. According ...

The dollar hit a one-week low on Thursday as recent economic data supported expectations for quick rate cuts in the US, while the battered yen was little changed against other ...

Cryptocurrency ether is struggling to keep pace with soaring big brother bitcoin. The no. 2 cryptocurrency, which commands less than a fifth of the $2.7 trillion crypto market, has not done poorly. ...

Beneficiaries in the mortgage-to-rent scheme are being extended to further aid the financially vulnerable, cabinet decided on Wednesday. Announcing the decision, Finance Minister Makis Keravnos said the move aims to “...

Western European governments have sought to reduce their energy dependence on Russia since the outbreak of the Ukraine war, but when it comes to gas, they have increasingly substituted the ...

Growth in the United Arab Emirates’ non-oil business sector eased a little in March, a survey showed on Wednesday, with supply constraints from shipping disruption in the Red Sea contributing ...

British supermarket total sales rose by 5.4 per cent year-over-year in the four weeks to March 23 as slowing inflation encouraged shoppers to increase their purchases, industry data showed on Wednesday. The ...

Strong demand helped drive non-oil business activity in Saudi Arabia in March, with output accelerating to a six-month high, a survey showed on Wednesday. The seasonally-adjusted Riyad Bank Saudi Arabia ...

British lenders approved the highest number of mortgages in February since September 2022, when new lending slumped due to bond market turmoil caused by Liz Truss’ premiership, Bank of England data ...

The Consumer Price Index (CPI) in Cyprus exhibited a yearly growth rate of 1.6 per cent in March, a decline from the 2.1 per cent recorded a month earlier, according to Eurostat’...

Cyprus’ retail trade cycle value index experienced a notable increase of 5.8 per cent in February, compared to the corresponding month in 2023, according to a report released on Wednesday by the ...

Deputy Minister of Tourism Kostas Koumis announced on Wednesday a grant scheme aimed at the revival of rural, mountainous, and remote areas, with a total budget of €4 million. It should ...

Valentina Georgiadou has been appointed as the new Financial Commissioner, vacating her previous role as Deputy Financial Commissioner, according to an announcement made on Wednesday. Following a cabinet meeting on ...

Turkey’s annual inflation rate climbed to 68.5 per cent in March, data showed on Wednesday, underscoring a major reason for the massive losses sustained by President Tayyip Erdogan’s party ...

Fitch Ratings maintained Israel’s ‘A+’ sovereign credit rating on Tuesday and removed the country from “rating watch negative” (RWN) but said Israel’s war against Islamist group Hamas in ...

Oil prices extended gains on Wednesday as investors eyed concerns around crude and fuel supplies, following Ukrainian attacks on Russian refineries and the potential for a widening of the Israel-Hamas ...

The Cyprus Chamber of Commerce and Industry (Keve) in collaboration with the Ministry of Energy, Commerce, and Industry this week announced the start of applications for the latest edition of ...