Business

Energy Minister George Papanastasiou on Tuesday confirmed reports that the EuroAsia Interconnector has run into trouble due to financing issues, but sought to downplay speculation that the project could be ...

The fifty most valuable real estate transactions in the Cypriot property market during the month of June brought in a combined €79 million, according to a report released on Tuesday by ...

An issue for many traders and investors in trading digital assets is remaining profitable and looking for the right asset to hold. No wonder many traders and investors avoid the ...

The Turkish lira weakened more than 2 per cent to a fresh record low against the dollar on Tuesday over market concerns that the central bank might raise interest rates this ...

Lebanon’s central bank will decommission the controversial exchange platform known as Sayrafa after governor Riad Salameh’s 30-year tenure ends this month, one of the institution’s vice governors ...

Turkey’s central bank is expected to raise its policy rate by 500 basis points to 20 per cent this week, a Reuters poll showed on Monday, making good on its pledge ...

The crypto market has been witnessing significant volatility, with notable fluctuations in the prices of major altcoins like Cardano (ADA) and Polygon (MATIC). While some investors navigate uncertain waters, others ...

Fitch Ratings on Monday released a new report stating that the stable quality of Cypriot banks’ assets in the second half of 2023 will be supported by positive prospects for the ...

Lately, the NFT market has experienced increased pressure, impacting well-known collections such as the Bored Ape Yacht Club (BAYC). This pressure has potentially extended to ApeCoin (APE) as well which ...

A growing number of citizens groups have pressed for a reinstatement of electricity subsidies in the midst of the ongoing heatwave but the official line, that state finances permit only ...

Ripple has long been one of the most prominent altcoins on the market, despite a difficult few years. It’s still a viable investment option, but there might be better ...

Research spending in Cyprus remained at a low level of 0.83 per cent of Gross Domestic Product (GDP) in 2021, despite a significant 8 per cent increase compared to 2020, according to the latest ...

The Cyprus Securities and Exchange Commission (CySEC) on Monday announced that in recognition of the importance of financial education and academic excellence, it recently handed out awards to two exceptional ...

UBS’s (UBSG.S) emergency takeover of Credit Suisse may lead to thousands of job losses, departures of key staff and a risky integration challenge, but for many UBS investors ...

Fashion retailer H&M (HMb.ST) will launch stores and online trade in Brazil in 2025, the company said this week. H&M opened its first store in Latin ...

Cyprus aims to solve its energy storage problem within the next 18 to 24 months, so that the energy generated from renewables doesn’t go to waste, the energy minister said on ...

Tourist arrivals in Cyprus experienced a significant increase of 22.7 per cent in June 2023 compared to the same period last year, although they remained 10.6 per cent lower than the record-breaking arrivals ...

New York City played host to the Economist’s annual Eastern Mediterranean Business Summit on July 10, with PwC Cyprus serving as the platinum sponsor, according to an announcement released by ...

Positive news is expected from the findings of the third drill in the Aphrodite natural gas field in Cyprus’ exclusive economic zone (EEZ), to test the quality and quantity of ...

Payouts for rent subsidies as part of the ‘Ktizo’ scheme for refugee housing have already begun, with more set to follow, the government said on Monday. Speaking to the Cyprus ...

Globally agreed rules leave crypto firms with no option but to introduce basic safeguards to prevent the blow-ups seen at FTX exchange and other crypto casualties, the G20’s Financial ...

As markets navigate a likely end to the steepest interest rate rises in decades, investors say the Bank of England has been less consistent in its messaging than other major ...

A bruised dollar took respite on Monday after suffering its worst weekly drop of the year, as traders waited on economic data and policy decisions before selling it down any ...

Failure to file renders the action abandoned and subject to dismissal Under Order 30 of the Civil Procedure Rules, there is a ninety-day period from the date on which pleadings are ...