#BusinessTop

The Cyprus Statistical Service (Cystat) announced on Thursday that the government’s surplus for the period January-March 2024 reached €523 million, equivalent to 1.7 per cent of the GDP. This marks an increase ...

The acquisition of CNP’s insurance operations in Cyprus and Greece is expected to lead to increased and more varied revenue streams for Hellenic Bank, according to a report released ...

Global investors are eyeing European and emerging market assets to protect themselves from further turbulence in US stocks and bonds as stubborn inflation causes bets on the timing of Federal ...

Elon Musk’s abrupt decision to lay off employees who ran Tesla’s electric vehicle charging business blindsided automakers gearing up to equip new EVs for customers to use the ...

The German economy skirted a recession at the start of the year, growing more than expected thanks to the construction sector and exports, preliminary data showed on Tuesday. The economy ...

The Public Debt Management Office (PDMO) released its annual report for 2023 on Tuesday, stating that the robust cash reserves of the Republic of Cyprus are expected to support the government ...

Boeing (BA.N) on Monday tapped debt markets to raise $10 billion, after the US planemaker burned $3.93 billion in free cash during the first quarter following slowing production of its best-selling ...

The cost of the top ten most expensive property sales transactions completed in March amounted to €48.1 million, with the most expensive transaction being an office building in Potamos Germasogeia in ...

Monday marked the 97th anniversary of the establishment of the Cyprus Chamber of Commerce & Industry (Keve), an institution that has played a key role in shaping the island nation’...

Upcoming quarterly reports from US tech giants may show Microsoft (MSFT.O) is closing the gap on cloud-computing market leader Amazon.com as more businesses switch to its services, attracted ...

Here are the top business stories in Cyprus from the week starting April 22: Former Cyprus Airways CEO Paul Sies has joined travel-tech company Journey Mentor as president and chief executive ...

Elon Musk’s new plan to use current product lines as the basis for new affordable vehicles — rather than springing for all-new models — follows the playbook of Tesla’s old-school ...

Deputy Minister of Tourism Kostas Koumis on Friday acknowledged that the Cypriot tourism sector is in need of foreign workers, noting that the increase in tourist arrivals has further exacerbated ...

The Economics Research Centre (CypERC) of the University of Cyprus has updated its economic forecasts, indicating stronger growth and lower inflation expectations for the upcoming years. The report details several ...

British retailers suffered their worst April for sales since 2020, when the country was in its first COVID-19 lockdown, although the timing of the Easter holidays could be to blame, a ...

Hellenic Bank on Thursday announced that it has entered into exclusive negotiations and a put option with CNP Assurances for the acquisition of its subsidiary CNP Cyprus Insurance Holdings Limited, ...

Tesla (TSLA.O) shares surged about 10 per cent on Wednesday after the electric-car maker eased some worries about slowing growth with a prediction that sales would rise this year and ...

Hellenic Bank is reportedly on the verge of finalising a deal with French insurer CNP Assurances to acquire its insurance operations in Cyprus, it emerged on Wednesday. Citing sources within ...

Overall business activity in the eurozone expanded at its fastest pace in nearly a year this month as a buoyant recovery in the bloc’s dominant service industry more than ...

President Nikos Christodoulides on Tuesday addressed the Cyprus Employers and Industrialists Federation (Oev), during the federation’s annual general meeting, where he reiterated the government’s support for the local ...

A dollar surge propelled by a strong economy, sticky inflation and geopolitical tensions have unnerved policymakers from Tokyo to Beijing and Stockholm. The dollar is at its highest since November ...

European Central Bank governors fear publishing their interest rate forecasts would invite pressure from governments trying to gauge if their central banker was serving their domestic agenda, sources told Reuters ...

The Cyprus government recorded a fiscal surplus of €918.7 million in 2023, constituting 3.1 per cent of the Gross Domestic Product (GDP), with government debt reaching €23.03 billion, accounting for 77.3 per cent of GDP, ...

Cyprus’ Composite Leading Economic Index (CCLEI) fell by 0.9 per cent in March 2024, when compared to the same month from the previous year, according to a report released on Monday by ...