Business

The Hellenic Bank Shipping Finance Unit manages a credit portfolio of excellent quality, while its Shipping Business Centre offers a range of sophisticated transaction banking and products Located in Cyprus, ...

Cyprus witnessed a notable increase in house prices during the second quarter of 2023, with the House Price Index (HPI) rising by 3.2 per cent during this time, compared to the same ...

Cyprus has witnessed a decrease of €83 million in non-performing loans (NPLs) in the local banking system at the end of June, dropping from €2.19 billion to €2.11 billion, compared to the previous ...

The retail industry in Cyprus experienced significant growth in August 2023, with the Retail Trade Turnover Index showing a remarkable increase of 10.1 per cent, compared to the same month in the ...

The European Central Bank has done enough for now to combat inflation but a further increase in interest rates later on cannot be ruled out, Bank of Finland board member ...

Russian energy giant Gazprom (GAZP.MM) said on Tuesday that Europe, which used to be its main source of revenue, is short of natural gas and may face challenges, more ...

British online fashion retailer Boohoo (BOOH.L) slid to a loss after revenue fell 17 per cent in its first-half and said a slower than expected recovery in sales volumes could ...

British baker and fast food chain Greggs (GRG.L) kept its full-year outlook as underlying sales rose in the third quarter and it won market share, showing the resilience of ...

Bitcoin? It’s a bit old hat, say a cohort of crypto investors who are betting on blockchain technology breathing new life into traditional assets. As crypto prices see-saw ahead ...

Two Cypriot banks, the Bank of Cyprus and the Hellenic Bank, had their credit ratings upgraded by investment service Moody’s on Monday. Both had their long-term deposit ratings increased ...

The development of cottage industries in Cyprus is virtually non-existent, MPs said on Tuesday, proposing ways to promote the marketing of traditional Cypriot products. Lawmakers heard, for example, that to ...

British Chancellor Jeremy Hunt said on Tuesday he would love to lower taxes in the run-up to a national election expected next year, but added that any tax cut at ...

Eurobank’s relationship-oriented culture extends from its approach in ship lending to the full spectrum of its services, placing the development of comprehensive relationships with its clients in key focus “...

Hedge funds using computers to trade equities are expecting to start selling to the tune of $20 billion to $30 billion in the next two weeks given retreating stock markets, a UBS (...

From “Star Wars” droid C-3PO’s head to Leonardo DiCaprio’s “Titanic” costume, a trove of costumes and props are headed to auction next month in a sale of ...

Cyprus tourism has experienced a remarkable surge in revenue, with an impressive 26.9 per cent increase during the period of January to July 2023, compared to the same period in 2022. These findings ...

The number of instances of greenwashing by banks and financial services companies around the world rose 70 per cent in the past 12 months from the previous 12 months, a report on Tuesday ...

Praxis Tech, a leading payment orchestration software company based in Cyprus, this week announced the signing of a partnership agreement with Choise.com, a fast-growing crypto ecosystem comprising a digital ...

Boeing (BA.N) plans to push production of its bestselling 737 narrowbody jet to a record of at least 57 per month by July 2025, reflecting rising orders and the company’s recovery ...

The Russian rouble weakened past the symbolic threshold of 100 to the dollar before recovering slightly in early trade on Tuesday, weighed down by foreign currency outflows and the country’s ...

As Maritime Cyprus 2023 opens on October 8, the international shipping community emerges from the pandemic after a rollercoaster ride through the mother of all crises John Ioannou, HR and Crew Management ...

Birkenstock, the German premium footwear brand backed by private-equity firm L Catterton, said on Monday it is seeking a valuation of up to $9.2 billion in its highly anticipated US initial ...

The US bond market is calling a moment: the age of low interest rates and inflation that began with the 2008 financial crisis has ended. What follows is unclear. The market’...

The Cyprus Real Estate Registration Council announced that with continuous member education as one of its top priorities, and aiming to provide the best possible training, it successfully organised another ...