Business

Cyprus has recorded a fiscal surplus of €155.5 million, equivalent to 0.5 per cent of GDP, during the first half of 2023, according to the latest preliminary results, released on Monday by the ...

The Central Government of Cyprus saw its total debt rise to €23.83 billion as of June 30, 2023, according to a report by the state’s Public Debt Management Office. The latest figures ...

Euro zone inflation fell further in July and most measures of underlying price growth also eased, in a largely comforting sign for the European Central Bank as it considers ending ...

Economic sanctions have been the biggest headache for Russia’s business elite since the start of the war in Ukraine, but a drone strike in the heart of Moscow’s ...

urkey’s tourism revenues jumped 23.1 per cent to $12.98 billion in the second quarter, Turkish Statistical Institute data showed on Monday, maintaining a strong trend in the sector. Revenues in 2022 surged 53.4 ...

The Bank of Cyprus Group on Monday released a statement in which it confirmed that it has successfully completed the EU-wide stress test for 2023. The announcement by the bank explained ...

Hungarian low-cost airline Wizz Air celebrated its six millionth passenger to either take off from or land at Larnaca airport on Monday. The airline gave a travel voucher to the ...

Spending by tourists between January and May has surpassed the figures for 2019, according to data released by the Statistical Service on Monday and showing that 2023 is set to be a ...

Cyprus witnessed a significant surge in private debt during the first quarter of 2023, reaching a staggering 218 per cent of the country’s Gross Domestic Product (GDP), amounting to €60.1 billion, according ...

Britain’s markets watchdog is ready from Monday to jump on any firm failing to adhere to a new duty to justify charges to customers in one of the regulator’...

The right of ownership takes precedence over possession, unless it was acquired as a privilege or right and registered with the land registry The right to own immovable property, and ...

European travel stocks stumbled into some profit-taking as earnings season kicked off and extreme weather hit in July, but many investors are betting relatively attractive valuations and solid demand will ...

Manchester United (MANU.N) on Monday renewed the soccer club’s partnership with official kit supplier Adidas (ADSGn.DE) for 10 more years and a minimum cash guarantee of 900 million pounds ($1.16 ...

Oil inventories are beginning to fall in some regions as demand outpaces supply constrained by deep production cuts from OPEC leader Saudi Arabia, providing support for prices which are expected ...

There has been an increased interest in the mountain areas, especially those in the Troodos region, and the market is thriving. The relatively recent purchase of Petit Palais Hotel, the ...

Israel’s economy may face ratings downgrades, falling foreign investment and a weaker tech sector if turmoil arising from the government’s contentious judicial reforms continues, investors and analysts warn. ...

Microsoft (MSFT.O) last week laid out an aggressive spending plan to meet demand for its new artificial intelligence services after surpassing Wall Street estimates for fiscal fourth-quarter revenue and ...

Coca-Cola Co (KO.N) raised its annual revenue and profit forecasts after beating quarterly results on the back of higher pricing, with demand for its sodas remaining resilient at a ...

Porsche (P911_p.DE) has a plan to gradually electrify its car lineup so that electric vehicles make up 80 per cent of sales by 2030, and it aims to make its ...

German sportswear brand Puma’s (PUMG.DE) second-quarter sales grew by 11 per cent, the company reported on Wednesday, slightly ahead of market expectations thanks to stronger revenues from Asia and ...

Japan’s Nissan Motor (7201.T) on Wednesday posted a 98 per cent rise in first-quarter operating profit to 128.6 billion yen ($913.35 million), beating analysts’ estimates. The result compared with an average estimate ...

Israel will build a 100 billion shekel ($27 billion) rail expansion that will connect its outlying areas to metropolitan Tel Aviv and, in the future, could provide overland links to Saudi Arabia, ...

Cyprus’ Gross Domestic Product (GDP) growth rate and inflation rate are expected to reach 3 per cent, respectively, for 2023, consistent with the predictions made in May, according to a report released ...

EU manufacturers are increasingly embracing digital technologies to improve agility. By Helen Massy-Beresford A plant that makes electric shavers in the northern Dutch town of Drachten is gearing up for ...