Business

The first quarter of 2023 brought with it a sharp increase in Cyprus’ trade deficit, with imports rising significantly compared to the same period in 2022, according to a report released this ...

By Maria Demertzis It is now 14 months since the Russian invasion of Ukraine and based on the Kiel Institute Ukraine support tracker, EU countries have so far provided close to €62 ...

By Luigi Scazzieri Turkey’s presidential and parliamentary elections, this Sunday, May 14th, will determine whether President Recep Tayyip Erdoğan remains in office, and they will shape the country’...

Elon Musk has named former NBCUniversal advertising chief Linda Yaccarino as Twitter’s new CEO, as the company tries to reverse a plunge in ad revenue. Yaccarino will take over ...

The Deputy Minister of Shipping, Marina Hadjimanoli, emphasised the importance of competitiveness, resilience, and anticipation of new trends and challenges in the shipping industry. Hadjimanoli’s comments were made during ...

Toyota Motor Corp (7203.T) said on Friday the vehicle data of about 2.15 million users was left publicly available in Japan for about a decade from November 2013 to mid-April. The incident ...

The Cyprus Chamber of Commerce and Industry (Keve) and the Turkish Cypriot Chamber of Commerce (Ktto) support all efforts aimed at the bilateral improvement of Green Line trade. Both chambers ...

European Central Bank supervisors are often too lenient with banks in how they manage credit risk, especially in the case of the worst performers, the European Court of Auditors (ECA) ...

TMS Network (TMSN) has recently taken the cryptocurrency world by storm with its innovative zero-fee trading experience, surpassing industry giants like Chainlink (LINK) and XRP (XRP) in terms of value ...

Aphrodite Hills Real Estate is proud to announce that it is amongst the winning companies of the prestigious International Property Awards 2023, with three award-winning titles in three different categories. Aphrodite ...

Where do European and our Israeli neighbors start the newest businesses these days? The answer remains the US, but things are changing somewhat: A recent trend reveals a significant shift ...

National flag carrier Cyprus Airways on Friday announced a significant increase in its passenger volume for April 2023, providing further evidence of the travel industry’s ongoing recovery from the dire ...

Allied Engineering Group (AEG), the largest SWIFT service bureau globally, has announced its collaboration with Microsoft and Crayon to bring tailored and compliant solutions to financial service institutions (FSIs) that ...

Britain’s economy grew by 0.1 per cent in the first three months of 2023, a period that was once expected to be part of a long recession, but an unexpectedly sharp 0.3 ...

Tesla Inc will recall a total of 1,104,622 vehicles, both imported and China-made ones, China’s market regulator said on Friday. The models to be recalled include imported Model S, Model ...

In times of crisis, identifying and taking advantage of opportunities is crucial for economic growth, the president of the Cyprus Investment Funds Association (CIFA), Andreas Yiasemides, said on Thursday. Yiasemides ...

The governor of the Central Bank of Cyprus, Constantinos Herodotou, expressed optimism that with appropriate actions, prudence, and rationality, the country’s economy and banking system can successfully manage the ...

The Cyprus Statistical Service (Cystat) this week reported a significant increase in the weight of products transported by road within Cyprus, as well as to and from Cyprus, in 2022. The ...

Middle East companies raised nearly 16 per cent of the total proceeds from initial public offerings (IPOs) globally in the first quarter, as the region’s momentum from a blockbuster 2022 continued, ...

British engine maker Rolls-Royce (RR.L) said it performed as expected in the first part of the year, with flying hours recovering, and steps taken by its new CEO to ...

Japan’s Honda Motor Co (7267.T) on Thursday forecast a 19.1 per cent rise in operating profit for this business year, after it missed analysts’ estimates in the fourth quarter. Japan’...

Europe’s first integrated casino resort will be opening in Cyprus on July 10 this year, Melco Resort announced on Thursday. Described as a game changing development, the resort is “poised ...

Turkey’s economy is bracing for a “lost year” no matter who wins landmark elections on Sunday, political insiders say, even if the opposition pledges to tear down President Tayyip ...

The Bank of England raised its key interest rate by a quarter of a percentage point to 4.5% on Thursday, taking borrowing costs to their highest since 2008 with its 12th consecutive ...