#BusinessPick

The harmonised inflation rate in Cyprus increased by 2.1 per cent in April 2024 compared to the same period the previous year, according to the Cyprus Statistical Service. Official data showed that ...

Deputy Minister of Tourism Kostas Koumis on Friday said that tourist arrivals for the first four months of 2024 indicate that the island can achieve its goals for the year, despite ...

The use of artificial intelligence in finance is still in its infancy but it needs to be monitored and possibly regulated to prevent harm to consumers and ensure the proper ...

Deputy Minister of Tourism Kostas Koumis on Friday said that tourist arrivals for the first four months of 2024 indicate that the island can achieve its goals for the year, despite ...

Tourist arrivals to Cyprus in April 2024 amounted to 333,563, marking a decline of 2.7 per cent from 342,736 in April 2023, according to data released on Friday by the Cyprus Statistical Service (Cystat). Over ...

Cypriot banks are well-capitalised and have shown a remarkable reduction in non-performing loans (NPLs), stated Claudia Buch, the new Chair of the Single Supervisory Mechanism (SSM). However, she urged caution ...

The Research & Innovation Foundation (RIF) on Friday unveiled its revamped innovation vouchers programme, offering €10,000 per project along with free support services to Cypriot small and medium-sized enterprises (SMEs). According ...

House Speaker Annita Demetriou this week held a meeting with a delegation from the Cyprus Shipowners’ Association (CSA), where they discussed problems and challenges facing the Cypriot shipping industry. Demetriou ...

Eurobank Holdings this week released its financial results for the first quarter of 2024, showcasing significant growth and robust performance across various metrics, including in its operations in Cyprus. “Our performance ...

The Bank of Cyprus on Thursday released its financial results for the first quarter of 2024, posting a profit after tax of €133 million. While this figure represents a 4 per cent drop ...

Chevron (CVX.N) said it is set to launch the sale of its remaining UK North Sea oil and gas assets, in a move that would mark the US energy ...

The Bank of England will start bringing down interest rates in August, according to a slim majority of economists polled by Reuters, while only slightly fewer of them predicted a ...

Andreas Demetriades will continue to lead the Cyprus Association of Large Investment Projects, following a decision made at the annual general assembly on Wednesday, which was held in Nicosia, in ...

Hellenic Bank on Thursday announced that it achieved a recertification under the International Energy Management System ISO 50001, focusing on energy management, for yet another year. “With a focus on energy ...

Cyprus is among the top three countries in the Eurozone with the highest growth rate in 2024, government spokesman Konstantinos Letymbiotis said on Thursday. In terms of further support measures, he ...

The Research and Innovation Foundation (RIF) announced on Thursday the launch of the “EIG CONCERT-Japan” initiative, which boasts a substantial budget of €400,000. This programme is designed to foster scientific collaboration ...

The Deputy Ministry of Tourism recently revised the inventory of hotels and tourist accommodations in Cyprus, with the majority of these not meeting the necessary compliance criteria. The latest data ...

President of the Cyprus Hotel Association (Pasyxe) Thanos Michaelides this week raised concerns about a slowdown in summer bookings, indicating that 2024 may see a downturn compared to previous years. Michaelides ...

At least one Mondelez (MDLZ.O) investor, Swedish pension fund AP7, will back a resolution calling for the Oreo cookie maker to conduct an independent study of the risks of ...

El Salvador has mined nearly 474 bitcoins since 2021 thanks to a volcano-fueled geothermal power plant, official data showed this week, bringing the government’s total bitcoin portfolio to nearly $354 million at ...

The Cyprus Investment Promotion Agency, commonly known as Invest Cyprus, and the Cyprus Fiduciary Association (CYFA) inked a memorandum of understanding (MoU) on Wednesday, aiming to bolster their ties and ...

The inaugural Cyprus Forum London commenced on Wednesday morning, at the Cyprus High Commission’s premises in central London, organised by the non-governmental organisation ‘Oxygen for Democracy’, in collaboration with ...

The Deputy Ministry of Tourism announced on Wednesday that the license renewal process for self-catering accommodation units, including villas, houses, and apartments, has started. This process will solely be conducted ...

The GB-CY International Investment Conference 2024, which took place on May 9, was a resounding success, according to an announcement released by the organisers on Wednesday. Hosted by the Great Britain-Cyprus Business ...