Business

German company AVIAREPS announced on Friday that it has been appointed to be the General Sales Agent (GSA) for Cypriot airline TUS Airways, representing the company in its key European ...

Transparency International has just released its 2022 annual ‘Corruption Perceptions Index (CPI)’ report. It makes grim reading for Cyprus, dropping down the rankings yet again. This is an independently produced report, ...

Cyprus’ Industrial Turnover Index recorded an increase of 21.3 per cent year-on-year in November 2022, according to a report released on Friday by the Cyprus Statistical Service (Cystat). According to the report, ...

Finance Minister Nureddin Nebati said Turkey would keep interest rates low after elections expected in May and not reverse course on monetary policy, according to an interview published by Bloomberg. ...

Cryptocurrency exchange Kraken has shut its Abu Dhabi office less than a year after securing a license in the region, a spokesperson said on Thursday, as the company seeks to ...

A trial over whether Elon Musk should be liable for tweeting in 2018 about financing for a buyout of Tesla neared its end on Friday, with a lawyer for unhappy shareholders ...

EU countries agreed on Friday on a European Commission proposal to set price caps on Russian refined oil products, the Swedish presidency of the European Union said. EU diplomats said ...

Self-proclaimed bitcoin creator Craig Wright’s lawsuit against bitcoin network developers to try to recover billions of dollars can continue to trial, a London court said on Friday. The ruling ...

France is leading a campaign for the European Union to recognise low-carbon hydrogen produced from nuclear power in its renewable energy rules, but some member states oppose the idea for ...

The Chief Scientist for Research and Innovation of Cyprus Nikolas Mastroyiannopoulos announced yesterday the launch of an improved digital gateway for Cypriot certified innovative enterprises. Ignite Cyprus is a platform ...

Cyprus’ annual rate of inflation reached 7.1 per cent in January 2023, continuing its downward trend for the third consecutive month. According to a report published on Friday by the Cyprus Statistical ...

The Russian Finance Ministry said on Friday it would sell 8.9 billion roubles ($126.6 million) worth of foreign currency a day between Feb. 7 and March 6, an almost three-fold increase in the volume ...

Oil prices eased on Friday, with major benchmarks headed for their second straight week of losses, as the market awaited further signs of fuel demand recovery in China to offset ...

Volvo Cars is gearing up for an electric blitz to convert all its mainstay models – three SUVs and two sedans – into electric vehicles and to introduce a luxury electric van ...

As NFTs remained an integral part of the ever-expanding Web3 economy, both Solana (SOL) and ApeCoin (APE) recovered a fair share of their lost value ever since the FTX collapse. ...

Swiss federal prosecutors have launched criminal proceedings targeting the perpetrators of a 2022 leak of information on thousands of Credit Suisse (CSGN.S) accounts, they said on Friday. The leak covered ...

Turkish annual inflation dipped to 57.68 per cent in January, official data showed on Friday, but was well above forecasts despite a favourable base effect that is expected to carry on ...

Melco Resorts & Entertainment Limited, a company that develops, owns and operates integrated resorts across Asia and Europe, announced this week that it hosted President Nicos Anastasiades at the City ...

Net new lending in Cyprus stood at €3.23 billion in 2022, reflecting a 10 per cent increase compared to the previous year, despite the uncertainty created by the war in Ukraine, according to ...

The Association for the Protection of Borrowers (Syprodat) this week called for the creation of a Dispute Resolution Committee, in order to decongest the courts, describing this as “the only ...

Last year was the worst on record for cryptocurrency heists, with hackers stealing as much as $3.8 billion, led by attackers linked to North Korea who netted more than ever before, ...

European Union cities had the highest housing cost burden in 2021, according to a report published on Thursday by Eurostat, the European Union’s statistical service. In Cyprus, the lowest rate ...

The European Central Bank raised interest rates for the fifth successive time on Thursday and signalled another half a percentage point increase for March, pressing ahead with policy tightening even ...

Lending rates in Cyprus rose again in December 2022, with deposit rates also moving higher amid the European Central Bank’s normalisation of key interest rates, according to a report released ...