Cyprus property prices go up due to strong apartment demand
Property prices in Cyprus rose during the third quarter of 2021, a report by the Central Bank of Cyprus released on Friday revealed. According to...
Business
Cyprus Business Now
The annual Harmonised Index of Consumer Prices (HICP) rate in December 2021 reached 4.8 per cent, primarily fueled by rising energy prices, equaling the respective...
Pandemic darlings face the boot as investors eye return to normal life
Stay-at-home market darling Netflix slumped on Friday, joining a broad decline in the market value of other pandemic favourites this week as investors priced in...
Russia proposes ban on use and mining of cryptocurrencies
Russia’s central bank on Thursday proposed banning the use and mining of cryptocurrencies on Russian territory, citing threats to financial stability, citizens’ wellbeing and its...
Germany wants to attract 400,000 skilled workers from abroad each year
Germany’s new coalition government wants to attract 400,000 qualified workers from abroad each year to tackle both a demographic imbalance and labour shortages in key...
Piraeus Bank to buy additional stake in real estate company Trastor
Piraeus Bank (BOPr.AT) has agreed with investment firm Varde Partners to buy its controlling stake in Trastor Real Estate Investment Company for about 98 million...
British digital banking app Revolut launches US stock trading
Britain-based digital banking app Revolut launched commission-free stock trading in the United States on Wednesday, a move that will see it compete with online brokerages...
Sony seeks new partners for transformative EV project
Sony Group (6758.T) will likely add new technology partners to its electric vehicle (EV) project to help it forge a mobility business to transform cars...
Tax optimization- Definition, types, essentiality, and means
What do we understand by tax optimization? As the name suggests, tax optimization refers to the usage and implementation of processes that can reduce an...
The importance of loans: What are the conditions of obtaining one?
Have you ever been in a situation where you wanted to purchase something, but you didn’t have enough money? You can always borrow money from...
Central Bank agrees collective agreement in effort to streamline structure
The Central Bank of Cyprus (CBC) announced on Thursday that it has signed a new collective bargaining agreement with the Cyprus Union of Bank Employees...
New York Mayor Adams to receive first paycheck in cryptocurrency
New York City Mayor Eric Adams on Thursday said his first paycheck, to arrive on Friday, will be automatically converted into cryptocurrency via Coinbase Global...
Cyprus Business Now
Cypriot biotechnology NIPD Genetics announced on Thursday that the agreement to sell a 68.3 per cent stake in the company to diagnostic services company Medicover...
Microsoft-Activision deal gives merger speculators a new darling
Hedge funds that earn returns speculating on precarious acquisitions were handed a gift this week when Microsoft Corp (MSFT.O) agreed to buy “Call of Duty”...
Innovation is slowly prising open UK banking, regulator says
Innovation is finally weakening the market grip of Britain’s “Big Four” banks, but “challenger” lenders are finding it slow and expensive to build up market...
Israel signs $3.4 bln submarines deal with Germany’s Thyssenkrupp
Germany’s Thyssenkrupp Marine Systems (TKAG.DE) will build three advanced submarines for the Israeli Navy in a deal worth 3 billion euros ($3.4 billion), the Israeli...
Turkish cenbank expects disinflation to start as it holds rates
Turkey’s central bank said on Thursday it expected a disinflation process to start on the back of measures taken for sustainable price and financial stability,...
Unilever’s strategy in spotlight after dropping $68 billion GSK battle
Unilever’s (ULVR.L) strategy was under the investor microscope on Thursday after the consumer goods giant effectively abandoned its $68 billion pursuit of GlaxoSmithKline’s (GSK.L) consumer...
Renewable energy programmes a success, ministry says
The Cyprus Minister of Energy, Commerce and Industry announced this week that its commercial renewable energy system incentive schemes, including for the creation of photovoltaic...
Central bank independence: it’s more than just about interest rates
By George M. Georgiou Debates about central bank independence have traditionally focused on monetary policy, specifically the setting of interest rates. A central bank, it...
