40 h. ago Oil prices fall more than 1 per cent on potential further increase to OPEC+ output

Oil prices dropped by more than 1 per cent on Thursday after a report that OPEC+ is discussing a production increase for July, stoking concerns that global supply could exceed demand growth. Brent futures lost $1.08, or 1.7 per cent, to $63.83 a barrel by 1134 GMT. US West Texas Intermediate crude was down $1.02, […]

Politics

43 h. ago Cyprus estate agents threaten action over legal contract bill

The Cyprus Real Estate Agents Registration Council has issued a call to its members to be prepared for mobilisations, following a meeting of the House legal affairs committee on Tuesday. The session involved a discussion of a proposed bill by MP Kostis Efstathiou, which would make it mandatory for all property sale contracts in Cyprus […]

Events

9 d. ago Cyprus targets Turkish nationals over property sales in occupied North

Cyprus targets Turkish nationals over property sales in occupied North  Kathimerini.com.cy

Events

1 week ago Cyprus Business Now: EV subsidies, Paphos investments, ERA sale, Hellenic shares

Trading of Hellenic Bank Public Company Ltd shares will be suspended from Thursday, May 15, 2025, following the exercise of a squeeze-out right by Eurobank S.A. The move comes after the Cyprus Securities and Exchange Commission (CySEC) formally recognised Eurobank’s right to proceed with the compulsory acquisition of up to 100 per cent of Hellenic Bank’s issued […]

Economics

2 w. ago Volvo Cars sales fall 11 per cent in April as fully electric cars slump

Volvo Cars this week reported an 11 per cent decrease in April sales to 58,881 cars from a year earlier, sending its shares down. Volvo Cars, which is majority-owned by China’s Geely, said in a statement sales of fully electric cars fell 32 per cent to account for 20 per cent of total sales volumes. […]

Politics

2 w. ago Cyprus court jails Hungarians brokering property sales in Turkish

Cyprus court jails Hungarians brokering property sales in Turkish-held north  The Straits Times

Events

2 w. ago Cyprus Business Now: Property, Shipping, Oev, Salaries, Jumbo, Selk

Real estate sales in Cyprus rose by 12 per cent in the first four months of 2025 compared with the same period last year. In addition, figures for the month of April showed a slight nationwide increase despite small drops in Larnaca and Paphos. According to data from the Department of Land and Surveys, 1,404 property transactions were recorded across the […]

Economics

2 w. ago Cyprus property sales rise 12 per cent in first four months of 2025

Real estate sales in Cyprus rose by 12 per cent in the first four months of 2025 compared with the same period last year. In addition, figures for the month of April showed a slight nationwide increase despite small drops in Larnaca and Paphos. According to data from the Department of Land and Surveys, 1,404 […]

Politics

2 w. ago Canada is not for sale’: Carney stands firm in Oval Office showdown

Canadian Prime Minister Mark Carney visited the White House on Tuesday for his first talks with Donald Trump and bluntly told the U.S. president that Canada would never be for sale. Carney, who won the April 28 election on a promise to push back against U.S. tariffs and talk of annexation, later said he had […]

Politics

2 w. ago UK new car sales fall 10.4 per cent in April, industry data shows

British new car registrations fell more than 10 per cent year-on-year in April, with Tesla’s (TSLA.O) UK sales plummeting 62 per cent, dragged by weak consumer confidence and tax increases, industry data showed this week. The Society of Motor Manufacturers and Traders (SMMT) said 120,331 units were registered in the traditionally quieter month of April. […]

Politics

2 w. ago Tesla’s UK sales lowest in over two years in April as Europe snubs Musk

Tesla’s (TSLA.O) new car sales in Britain plummeted 62 per cent year-on-year in April to their lowest in over two years, even as demand for electric vehicles rose, data from research group New AutoMotive showed on Tuesday. Sales of billionaire Elon Musk’s EV cars also plunged to multi-year lows in some other key European markets […]

Politics

2 w. ago Auctioned Cyprus homes sold below value despite legal protections

Residential properties in Cyprus sold under foreclosure in the final quarter of 2024 lost significant value, with six primary residences auctioned off at an average discount of 26.7 per cent from their market worth, according to data from the Central Bank of Cyprus (CBC). These sales took place through two rounds of auctions conducted between […]

Politics

2 w. ago Audi keeps outlook after Q1 sales rise, but tariff impact not included

Volkswagen’s premium brand Audi on Monday kept its full-year guidance, with the caveat that any impact from US tariffs was not included, after its first-quarter revenue rose 12.4 per cent on higher sales of electric models. Quarterly revenue rose to 15.43 billion euros ($17.49 billion) in January-March, compared with 13.73 billion a year earlier, it […]

Politics

2 w. ago Cyprus Business Now: CBC, real estate sales, BoC shares, gov surplus, retail

Cyprus recorded a general government surplus of €580.6 million in the first quarter of 2025, according to preliminary data published by the Cyprus Statistical Service (Cystat) on Friday. The surplus represents 1.6 per cent of GDP and marks a slight increase from the €575.7 million surplus (1.7 per cent of GDP) recorded during the same […]

Economics

3 w. ago Nicosia nabs top spot in Cyprus's priciest property sales for March

Nicosia nabs top spot in Cyprus's priciest property sales for March  Kathimerini.com.cy

Politics

3 w. ago Petroleum product sales in Cyprus fall by 0.8 per cent in March

Total sales of petroleum products in Cyprus reached 107,291 tonnes in March 2025, marking a slight annual decrease of 0.8 per cent compared to March 2024, according to official data published on Monday. The data, which was included in a report by the Cyprus Statistical Service (Cystat), showed that sales declined in several key categories. […]

Politics

3 w. ago Cyprus Business Now: Larnaca tourism, real estate market, government deficit

The Cyprus property market has recorded a robust performance in the first quarter of 2025, with both transaction volumes and sales values reflecting strong momentum, according to a report by the Cyprus Real Estate Agents Registration Council. In its report, the council noted that Paphos is currently enjoying strong interest from international buyers, while Limassol […]

Politics

4 w. ago Nestle beats quarterly sales estimates, says indirect tariff impact ‘unclear’

Nestle (NESN.S) on Thursday said the indirect impact of US tariffs was “unclear” and posted better-than-expected first-quarter organic sales growth, as the world’s biggest packaged food company hiked prices for its Kit-Kat chocolate bars and Nescafe coffee. The Swiss company maintained its 2025 outlook, saying it still expects organic sales growth to improve and estimates […]

Politics