7 h. ago Bitcoin faces pressure from US trade tariffs, traders shift to Mutuum Finance (MUTM)

Bitcoin’s 2% advance to $81,830.3 early Wednesday did little to soothe frayed nerves as investors awaited key U.S. inflation data and rising trade tensions. The 25 percent steel and aluminum tariffs of President Trump, along with mixed exemptions for allies like Canada, have added to fears of economic upheaval. The defense of these policies as “worth it” […]

Events

14 h. ago Cyprus tourism resilient despite global trade concerns, says Koumis

Tourism Deputy Minister Kostas Koumis this week announced a record-setting year for Cyprus’ tourism sector, with over 4 million visitors and revenues exceeding €3 billion. This growth has been fueled by a 6 per cent increase in air travel routes, including a significant 9 per cent rise in flights to and from Germany, Europe’s largest […]

Politics

16 h. ago Passenger demand growth accelerates to 10 per cent in January 

Global passenger demand experienced a robust increase in January, according to the International Air Transport Association (IATA). Total demand, measured in revenue passenger kilometres (RPK), rose by 10 per cent compared to January 2024, while capacity, measured in available seat kilometres (ASK), increased by 7.1 per cent year-on-year.   This led to an all-time high January […]

Politics

26 h. ago Cera reassures on power supply amid renewable energy cutbacks

The energy regulatory authority (Cera) said on Thursday it is doing what it can to ensure adequacy of electricity supply, in the wake of cutbacks to systems generating power from renewables. In a statement, Cera said it “understands” the consequences of these cutbacks to producers and/or consumers, adding that it expects the problem “to be […]

Politics

30 h. ago Shiba Inu price will rally 10x by April, Solana will jump to $300, and Mutuum Finance will go from $0.020 to $3

Financial experts expect substantial price increases for the main players in the crypto industry. The current price of Shiba Inu (SHIB) at $0.000012 could reach $0.000120 by April while Solana (SOL) sitting at $125 may reach $300 within the near future based on bullish market trends. Crypto users see Mutuum Finance (MUTM) as a rising […]

Economics

31 h. ago DP World profits fall amid rising costs, geopolitical uncertainty

DP World, a Dubai-owned ports and logistics company, reported a 28 per cent fall in annual profit on Thursday, partly due to higher finance costs, and highlighted that global trade uncertainties and geopolitical risks were clouding its outlook. Profit attributable to the owners, after separately disclosed items, dropped to $591 million from $820 million a […]

Politics

34 h. ago Cyprus ranks fifth in EU for municipal waste, over 75 per cent landfilled

Cyprus has the fifth highest per capita municipal waste generation in the EU with municipal solid waste, 76.8 per cent of which is landfilled, Cyprus’ statistical service said on Thursday.  In Cyprus, municipal waste generation per capita reached 653kg in 2023, which ranked the fifth highest among EU member states, CyStat said. The total amount […]

Politics

35 h. ago New Cyprus treasury bill issue set for Monday — strong demand expected

A new issuance of Cyprus Treasury Bills (T-bills) will take place on Monday, March 17, 2025. The 13-week T-bills, maturing on June 20, 2025, are expected to attract strong demand once again, following recent trends of heightened investor interest. Investments in T-bills continue to gain traction among both individual investors and businesses. In the last […]

Politics

36 h. ago Larnaca and Limassol fuel 7 per cent rise in Cyprus property sales in February

Cyprus’ real estate market continued its robust growth into February, with property sales increasing by 7 per cent year-on-year. Developments in Limassol and Larnaca were the primary driver behind this surge. According to the land department, property sales nationwide rose to 1,371 in February 2025, up from 1,284 in the same month last year. Over […]

Politics

36 h. ago Cyprus sees rise in German and Polish tourism bookings for 2025

The Cyprus Hoteliers Association (Pasyxe) has expressed optimism about the upcoming tourism season, particularly due to an increase in bookings from Germany and Poland. Preliminary data from the association indicates a 9 per cent rise in early bookings from these markets compared to the same period last year. During the prestigious ITB Berlin travel exhibition, […]

Politics

40 h. ago Cyprus Business Now: Building permits, Hellenic Bank, Tourism, House prices

The number of building permits issued in Cyprus during October 2024 fell to 470, marking a 25.6 per cent decline compared to the 632 permits issued in October 2023, according to data released by the state statistical service. The total value of these permits reached €177.8 million, covering a total area of 147,000 square metres. […]

Economics

42 h. ago Zara owner Inditex shares slide after slower start to first quarter

Zara owner Inditex (ITX.MC) this week reported a slower start to its first quarter starting February 1, raising questions around its ability to keep building on rapid recent growth and sending its shares down more than 8 per cent in early trading. Strong sales from Zara, which has been gaining market share from rivals such […]

Politics

52 h. ago ‘A steady pace and a clear plan’ – Christodoulides reviews his second year

President Nikos Christodoulides on Wednesday night gave a long, televised address in which he reviewed and appraised his second year in office, reassuring the public that he has acted with “a steady place and a clear plan” throughout. “During the second year of our term, we achieved the implementation of 90 per cent of the […]

Politics

54 h. ago ECB warns of inflation risks from trade, defence, and climate shocks

The euro zone economy is facing exceptional shocks from trade, defence and climate issues, possibly amplifying inflation volatility and raising the risk that price growth becomes more persistent, ECB President Christine Lagarde said on Wednesday. These forces make it impossible for the ECB to signal policy intent but make it imperative the bank doubles down […]

Events

57 h. ago Online shopping satisfaction rates in Cyprus among highest in EU

Cyprus has one of the lowest rates of online shopping complaints in the European Union, as only 14.7 per cent of its consumers reported issues, according to data released by Eurostat on Wednesday. Moreover, lowest shares were also reported in Portugal (4.3 per cent) and Latvia (13.7 per cent) In contrast, around one-third (33.1 per […]

Politics

59 h. ago Economist sees 40 per cent US recession chance and risks to ‘exorbitant privilege’

There is about a 40 per cent chance of a US recession this year and a risk of lasting damage to the country’s standing as an investment destination if the administration undermines trust in US governance, according to J.P. Morgan’s chief economist. “Where we stand now is with a heightened concern about the US economy,” […]

Economics

60 h. ago Arsenal not under pressure to perform in Champions League, says Arteta

There are no added expectations or pressure on Arsenal to perform in the Champions League despite their recent struggles in the Premier League, manager Mikel Arteta said on Tuesday ahead of a last-16 return leg match against PSV Eindhoven. Arsenal thrashed PSV 7-1 away last week in the first leg and all but guaranteed themselves […]

Sport

61 h. ago Hellenic Bank shares set for delisting as Eurobank nears full ownership

Eurobank has outlined its strategic objectives following the acquisition of 100 per cent of Hellenic Bank in its public offer document, which details the roadmap for the acquisition process. The bank intends to proceed with the necessary steps to delist Hellenic Bank’s shares from the Cyprus Stock Exchange (CSE) upon completion of the offer. The […]

Politics

62 h. ago Η XM είναι ο μεγάλος υποστηρικτής σε μια σπουδαία στιγμή για τον κυπριακό αθλητισμό

Του Ευρωπαϊκού Κυπέλλου Ρίψεων από την ΚΟΕΑΣ για την τριετία 2025-2027 Η XM συμμετέχει ως Μεγάλος Υποστηρικτής σε μια σπουδαία στιγμή για τον κυπριακό αθλητισμό. Η ανάληψη του Ευρωπαϊκού Κυπέλλου Ρίψεων από την ΚΟΕΑΣ για την τριετία 2025-2027 ενισχύει τη θέση της Κύπρου στον διεθνή αθλητικό χάρτη. Η XM, ως Major Sponsor, ταυτισμένη με την […]

Politics

3 d. ago Best Crypto presales: Make it big in digital assets with DEBO, DLUME and more

An opportunity for investors to engage in developing projects from an early stage is given in the case of presales as the cryptocurrency market evolves. Presales usually come with discounted rates which might be a good thing for the long term. Here we examine five crypto presales that have attracted investors’ attention in 2025. List […]

Politics