Business

The board of directors of state-owned asset management company Kedipes this week decided to make the largest quarterly cash payment to the state since its establishment in 2018, amounting to €140 million, ...

Cyprus’ Industrial Production Index for January 2024 saw a 4.2 per cent rise compared to the same period in 2023, reaching 99.5 units, with 2021 being the base year with a value of 100 units, according ...

Some Western companies have sold their Russian assets or handed them over to local managers to comply with sanctions over the war in Ukraine and respond to threats from the ...

President Nikos Christodoulides on Thursday met with the advisory committee on tax reform, asking that progress on this matter be accelerated, in order to reap any benefits at the earliest ...

UBS (UBSG.S) flagged on Thursday the downturn in commercial real estate markets as one of the “top and emerging risks” facing the Swiss bank, as higher borrowing costs and ...

The collapse of Baltimore’s Francis Scott Key Bridge is likely to lead to a multi-billion dollar insurance loss, the chairperson of commercial insurance market Lloyd’s of London (SOLYD....

Sam Bankman-Fried was sentenced to 25 years in prison by a judge on Thursday for stealing $8 billion from customers of the now-bankrupt FTX cryptocurrency exchange he founded, the last step in ...

Kremlin spokesman Dmitry Peskov said on Thursday that Russia was working with partners amid unprecedented pressure from the US and European Union after Reuters reported Moscow was experiencing some delays ...

Central Bank of Cyprus (CBC) governor Constantinos Herodotou on Thursday utilised the second educational video by the CBC to emphasise the vital importance of digital financial literacy in today’s ...

President Nikos Christodoulides on Thursday met with the advisory committee on tax reform, asking that progress on this matter be accelerated, in order to reap any benefits at the earliest ...

The largest global pitch competition, Startup World Cup, is making its debut in Cyprus this year, with the application phase for startups commencing on March 25, and entries will be accepted ...

The pound eased on Thursday after data confirmed the UK economy entered recession in the second half of last year and as the dollar put on a display of broad-based ...

The recent annual tourism conference, organised by the Association of Cyprus Tourist Enterprises (Stek) with the support of Hellenic Bank, focused on discussing the future of Cyprus’ tourism industry and ...

The economic climate in Cyprus experienced a downturn in March, with the Economic Sentiment Indicator (ESI) falling due to worsening business conditions across all sectors. Specifically, according to the Centre ...

Cyprus’ state budget deficit for 2023 increased by €80 million, compared to the deficit recorded in 2022, according to the state’s fiscal report submitted to the House of Representatives this week. Specifically, ...

DP World, a global logistics company, hosted Transport Minister Alexis Vafeades and Shipping Deputy Minister Marina Hadjimanolis, at its Dubai Headquarters on March 25-26, according to a statement released this ...

Interior Minister Constantinos Ioannou addressed the 18th Real Estate, Land Development, Planning, and Construction Conference on Wednesday, outlining recent developments in the real estate sector, as well as the government’...

The total sales of petroleum products in Cyprus reached 115,421 tons in February, marking a 7.1 per cent increase compared to February 2023, according to a report released on Wednesday by the Cyprus ...

Britain’s financial watchdog set out guidelines earlier this week to stop misleading adverts on social media, and warned “influencers” that promoting a financial product without regulatory approval could be ...

Renault (RENA.PA), opens new tab plans to sell a stake of about 2.5 per cent in Nissan (7201.T), opens new tab shares to the Japanese carmaker in a deal that ...

Japan’s finance minister issued his strongest warning to date on Wednesday about yen weakness as it fell to a 34-year low against the dollar, saying authorities could take “decisive ...

Cyprus Securities and Exchange Commission (CySEC) revealed on Wednesday it would go tough on scrutinising the cross-border activities of Cypriot Investment Firms (CIFs) involved in distributing complex financial products. In ...

The Cyprus Chamber of Commerce & Industry (Keve) on Wednesday successfully held its ‘Cyprus-Estonia: Promoting Bilateral Collaborations‘ event, as part of the official visit of the President of Estonia Alar ...

Cyprus saw a decrease in net demand for new business loans in the final quarter of 2023, continuing a downward trend observed since the first quarter of 2022, albeit to a lesser ...