#BusinessTop

Cyprus saw its net new borrowing, excluding restructurings, reach €1.73 billion in the first half of 2023, showing a modest annual increase of 1.26 per cent, according to a report released this week ...

State-owned asset management company Kedipes on Thursday announced that in the coming days, it will be returning interest payments totalling €4.6 million to borrowers with restructured credit facilities for the first ...

In an effort to bolster the local research and innovation landscape, the Research and Innovation Foundation (R&I Foundation) on Thursday unveiled a new funding scheme worth €6 million. The ...

The Cyprus Real Estate Agents Registration Council on Wednesday noted that the local property market has performed better during 2023, although it looks forward to drawing more meaningful conclusions after the ...

Eurobank Cyprus on Wednesday released its financial results for the first half of 2023, with the figures reflecting a solid performance characterised by strong capital adequacy and profitability. The bank’s ...

Tech giants Apple (AAPL.O) and Microsoft (MSFT.O) remained the top two global companies by market capitalisation at the end of July after riding this year’s rally in ...

In an unexpected move, Hellenic Bank on Tuesday announced that chief executive officer Oliver Gatzke will be stepping down from his position a year early. The decision comes after Gatzke ...

Cyprus has recorded a fiscal surplus of €155.5 million, equivalent to 0.5 per cent of GDP, during the first half of 2023, according to the latest preliminary results, released on Monday by the ...

Cyprus witnessed a significant surge in private debt during the first quarter of 2023, reaching a staggering 218 per cent of the country’s Gross Domestic Product (GDP), amounting to €60.1 billion, according ...

Israel’s economy may face ratings downgrades, falling foreign investment and a weaker tech sector if turmoil arising from the government’s contentious judicial reforms continues, investors and analysts warn. ...

Porsche (P911_p.DE) has a plan to gradually electrify its car lineup so that electric vehicles make up 80 per cent of sales by 2030, and it aims to make its ...

Cyprus’ Gross Domestic Product (GDP) growth rate and inflation rate are expected to reach 3 per cent, respectively, for 2023, consistent with the predictions made in May, according to a report released ...

Deposits in the Cypriot banking system experienced a notable surge in June, reaching a total of €52.3 billion, with liquidity, meaning the difference between deposits and loans, in the system amounting ...

The value of Cypriot government bonds held in the Eurosystem’s portfolio, through the Public Sector Purchase Programme (PSPP) and the Pandemic Emergency Purchase Programme (PEPP), has reached €7.12 billion and ...

Euro bulls are set for an anxious summer ahead as doubts creep in over how far the ostensibly still-hawkish European Central Bank will go with interest rate rises. The euro ...

The economic climate in Cyprus witnessed a decline in July 2023, with the Economic Sentiment Indicator (ESI) dropping by 2.7 units compared to June. According to an announcement from the Centre for ...

Cyprus’ rental prices across all property types experienced a rise during the second quarter of the year, according to a report released on Thursday by Ask Wire, a Cypriot tech-informed ...

The Gen Y Innovation Network, the youth entrepreneurial arm of the UK-Cyprus Enterprise Council (UKCEC), in collaboration with the EPISTEME organisation, recently held an event titled ‘Tech Startups: Opportunities and ...

The Cyprus Securities and Exchange Commission (CySEC) this week announced a decision to impose a massive fine of €400,000 on the Cyprus investment firm Goldenburg Group Ltd. The commission explained that ...

‘Relentless pursuit for success can lead to a sense of emptiness’ The ceaseless pursuit of success does not come without drawbacks, potentially resulting in business professionals, among other people, feeling ...

Cyprus’ Gross Domestic Product (GDP) growth rate and inflation rate are expected to reach 3 per cent, respectively, for 2023, consistent with the predictions made in May, according to a report released ...

Britain is sticking to its plan to ban the sale of new petrol and diesel cars from 2030 but some measures to reduce the carbon footprint of residential homes will be ...

Real estate agent council determined to safeguard profession from illicit practices In what was described as an “unbelievable incident” exposing the audacity of illegal property brokers, a woman, posing as ...

The European Central Bank looks set to pull the rate-hike trigger on Thursday, but what it will do after July is less certain and financial markets are craving some guidance. ...