Business

Private Russian oil producer Lukoil will lend Azeri state oil firm Socar $1.5 billion as part of a broader deal that will allow Socar’s 200,000-barrel-per-day Turkish STAR refinery to process ...

The Laona foundation said on Friday it was completely opposed to a tyre burning facility in Ypsonas, or anywhere else in the country, citing a negative footprint on the energy ...

Andreas Papadopoulos has served as Chairman of the Cyprus Shipping Association since 2021, representing the owners/operators of chartered/liner vessels that call at the island’s ports and port establishments ...

Minister of Energy, Commerce, and Industry George Papastasiou on Friday, while speaking at the Limassol Economic Forum, highlighted the significant issues facing the energy sector in Cyprus, considering both the ...

At least two Egyptian banks have suspended the use of Egyptian pound debit cards outside the country to stop a drain on foreign currency as the country’s currency shortage ...

Rocketing US government bond yields that have led to a global jump in borrowing costs are raising new risks for economic policymakers hoping to lower inflation without triggering a major ...

Russia’s government said on Friday it had lifted a ban on pipeline diesel exports via ports, removing the bulk of restrictions installed on Sept. 21. The restrictions for gasoline exports ...

The Governor of the Central Bank of Cyprus (CBC) Constantinos Herodotou on Friday used his keynote address at the 14th Limassol Economic Forum to provide insights into the economic outlook ...

YoungShip Cyprus was founded in 2011 as a youth organisation focusing on shipping and aims to promote the voice of young people in decision-making centres nationally and internationally Our role is ...

The announcement of their collaboration and also for the grand final of the European NASCAR championship, was made by Vladimiros Tziortzis and the Cypriot airline TUS Airways. By virtue of ...

Cyprus’ robust shipping registry is bolstering the nation’s maritime prominence, positioning it as a key player in shaping maritime policy while delivering a clear message that illicit restrictive measures ...

Cyprus’ Deputy Minister of Tourism Kostas Koumis highlighted the importance of promoting the historical connection between Cyprus and France as the Kingdom of the Lusignans during his recent visit to ...

The Central Bank of Cyprus (CBC) released its latest data this week, revealing a minor increase in deposit interest rates in Cyprus in August 2023 compared to July. While the interest ...

Net new loans in Cyprus decreased by €71.2 million in August 2023, compared to July 2023, according to the latest data from the Central Bank of Cyprus (CBC). According to the report, net ...

Sandal company Birkenstock needs to sell more clogs and boots and boost sales from its own website and boutiques to attract new shoppers amid a cost of living crisis, investors ...

The Appeals Court has voided a prior court ruling which had fined a former banker €100,000 for having made misleading statements concerning the cash flow of now-defunct Laiki (Popular) Bank. The ...

In the vibrant waters of the Eastern Mediterranean, the Cypriot shipping industry has long been a maritime powerhouse, both historically and in the modern era As we embark on a ...

Russia has overtaken the United Arab Emirates (UAE) to become India’s top naphtha supplier, data shows, as New Delhi takes advantage of discounted Russian oil products and the re-routing ...

By Lanting Liu The 12-member delegation from the city of Nanjing led by the Deputy Mayor of the city, Mrs. Huo Huiping visited Limassol last week. The delegation, which included ...

Oil prices inched up on Thursday, clawing back some of the previous session’s big losses after an OPEC+ panel maintained oil output cuts to keep supply tight, though an ...

Chief Executive Officer Tim Cook made $41.5 million after taxes in his biggest share sale in two years, a U.S. securities filing showed. Cook sold 511,000 shares, which were worth about $87.8 ...

Aivitam Ventures and Forbes Cyprus announced this week that they will be hosting The Future of Fintech Summit 2023, a global offline gathering set to take place on December 7-8. According ...

Erik Finman is an American investor who made headlines as the so-called youngest Bitcoin (BTC) millionaire in 2018. The announcement came off the back of an incredible 2017 bull run that saw ...

Maritime HR gives greater emphasis to specific elements such as talent acquisition and employee engagement in aiming to improve seafarer satisfaction John Ioannou, HR and Crew Management Consultant based in ...