10 h. ago Cyta subsidiary signs new collective agreements with trade unions

Cytacom Solutions Ltd, a subsidiary of Cyta, on Thursday announced that it recently signed the renewal of its collective labour agreements for the 2025–2027 period. These agreements, the company said, cover both its monthly and hourly-paid staff. Moreover, according to a statement issued by Cyta, the agreements “confirm the strong cooperation and mutual trust between […]

Politics

22 h. ago Μαρκ Στάιν:«Το trade των Νάγκετς θα επισημοποιηθεί μέσα στην εβδομάδα, εγγυημένο μόνο το συμβόλαιο της σεζόν 2025/26 »

Σε πορεία ολοκλήρωσης βρίσκεται το trade Βαλαντσιούνας – Σάριτς ανάμεσα σε Κινγκς και Νάγκετς, ενώ όπως σημειώνει ο Μαρκ Στάιν το Ντένβερ δεν έχει τάξει στον Λιθουανό σέντερ εγγυήσεις για την μεθεπόμενη αγωνιστική περίοδο. Το θέμα του Γιόνας Βαλαντσιούνας εξακολουθεί να βρίσκεται στην ημερίσια ατζέντα των αθλητικών ΜΜΕ σε Ευρώπη και Αμερική. Η κατάσταση δεν έχει αλλάξει, […]

Politics

33 h. ago Cyprus trade turnover rises 5.7 per cent to €19.34 billion in 2023

Cyprus’ trade sector recorded positive growth in 2023, according to the state statistical service’s wholesale and retail trade survey, the results of which were released on Wednesday. Turnover and employment both increased during the reporting period, although value added at current prices fell slightly due to declining fuel prices. The report showed that total turnover […]

Politics

38 h. ago Trump escalates trade war with 50% tariff on copper, eyes levies on drugs and chips

President Donald Trump said he would impose a 50% tariff on imported copper and soon introduce long-threatened levies on semiconductors and pharmaceuticals, broadening his trade war that has rattled markets worldwide. One day after he pressured 14 trading partners, including powerhouse US suppliers like South Korea and Japan, with fresh tariff letters, Trump reiterated his […]

Events

62 h. ago Trade turbulence deepens: Trump hikes tariffs on 14 countries, including ‘allies’

U.S. President Donald Trump opened a new phase in the trade war he launched this year, telling partners, from powerhouse suppliers such as Japan and South Korea to minor players, that they face sharply higher tariffs from August 1. The imposition of a levy of 25% on U.S. importers of all goods from key allies […]

Politics

1 week ago Trump cuts off US trade talks with Canada, shattering optimism over tariff deals

US President Donald Trump on Friday abruptly cut off trade talks with Canada over its new tax targeting US technology firms, calling it a “blatant attack” and saying that he would set a new tariff rate on Canadian goods within the next week. The move, which plunges US relations with its second-largest trading partner back […]

Politics

1 week ago EU leaders discuss new US trade proposal as deal clock ticks down, talks could fail says Commission President

European Union leaders discussed new proposals from the United States on a trade deal at a summit in Brussels , with Commission President Ursula von der Leyen not ruling out tariff talks could fail and saying “all options remain on the table”. Time is running out for the bloc to find a common position before […]

Politics

3 w. ago Trade unions not backing down from full CoLA for civil servants

Public sector trade unions reaffirmed their determination on Tuesday that the cost-of-living allowance should be paid in full to civil servants, including teachers and the military. The meeting took place at Pasydy headquarters in Nicosia and all participating trade unions said the highest possible CoLA should be extended to businesses in the private sector, wherever […]

Politics

3 w. ago Cyprus wholesale trade and vehicle services grow in first quarter

The value of wholesale trade and motor vehicle-related activities in Cyprus continued to rise in the first quarter of 2025, according to data released on Friday by the state statistical service. The turnover value index for wholesale trade, except of motor vehicles, recorded an annual increase of 4.8 per cent compared to the same period […]

Politics

3 w. ago Keve supports Cyprus SME participation in Japan trade programme

The Cyprus Chamber of Commerce & Industry (Keve) on Friday announced that the EU-Japan Centre for Industrial Cooperation has launched the first session of its 2025 training programme on Japanese business culture. The initiative, known as “Get Ready for Japan”, is a two-week programme designed to help European entrepreneurs better understand Japanese business practices and […]

Politics

4 w. ago Cyprus Business Now: Eurobank, hospitality, tourism, illicit trade, real estate

The Cypriot banking sector has undergone an impressive transformation since the 2013 financial crisis and has emerged stronger, more resilient, and better aligned with international standards, according to Wim Mijs, Director General of the European Banking Federation (EBF). Speaking to the in an exclusive interview with the Cyprus News Agency (CNA), Mijs highlighted the substantial reduction of non-performing loans, […]

Economics

last month World Bank slashes global growth forecast as trade tensions bite

The World Bank on Tuesday slashed its global growth forecast for 2025 by 0.4 percentage point to 2.3 per cent, saying that higher tariffs and heightened uncertainty posed a “significant headwind” for nearly all economies. In its twice-yearly Global Economic Prospects report, the bank lowered its forecasts for nearly 70 per cent of all economies […]

Politics

last month Trade deficit up by nearly €150 million for the first quarter 2025

Cyprus posted a trade deficit of €2.61 billion for the period between January and April 2025, up from €2.46 billion recorded during the same period in 2024, despite a notable surge in exports, according to preliminary figures released on Tuesday by the Cyprus Statistical Service (Cystat). Total imports of goods for the first four months […]

Politics