Business

Bitcoin is being artificially propped up and should not be legitimised by regulators or financial companies as it is more akin to gambling, the European Central Bank said on Wednesday. ...

The full bench of the Supreme Court on Wednesday decided the law on reducing VAT for electricity is unconstitutional, as it violates the separation of powers. According to the decision, ...

Cyprus’ tourism revenue rose by €80 million in September 2022, reflecting an increase of 30 per cent compared to the same month of 2021, according to a report released on Wednesday by the Cyprus ...

The global and Cypriot markets need IT programmers and people in tech, Disy leader and presidential candidate Averof Neophytou said on Wednesday. He was speaking after a visit to the ...

Britain’s energy watchdog has proposed price controls for electricity distribution network companies for the next five years that it said would drive investment in homegrown supplies and deliver cheaper ...

The euro retreated against the pound on Wednesday after data showed eurozone inflation cooled off by more than expected in November, reinforcing the case for a slowdown in European Central ...

Europe’s largest airline by passenger numbers, Ryanair, is in talks with authorities in Egypt and Libya about operating flights to the countries for the first time, Chief Executive Michael ...

Hellenic Bank on Wednesday released its financial results for the first nine months of 2022, posting a profit of €76.4 million, compared to a profit of €21 million in the corresponding period of 2021, ...

Industrial production registered an increase of 2.5 per cent in the first nine months of this year, according to data released by the Cyprus Statistical Service (CyStat). In September 2022, the Industrial ...

National investment agency Invest Cyprus on Tuesday released a statement welcoming yet another international production that chose to shoot in Cyprus. “Earlier this week, it was revealed that a four-part ...

The Ministry of Energy, Commerce and Industry on Tuesday said that over the last two years its grant schemes have exceeded €330 million in total funding. Of this amount, €171 million were ...

Huawei Cyprus on Tuesday announced that the European tour of the Huawei 5G Roadshow 2022 will also include Cyprus, with this year’s event being centred around how 5G networks can ...

The market for fan tokens, a volatile cocktail of crypto and sport, is heating up in the desert of Qatar. Interest in this niche breed of cryptocurrencies, typically linked to ...

Egypt posted economic growth at 4.4 per cent in Q1 of the fiscal year 2022/23, a cabinet statement said on Monday. The unemployment rate rose slightly to 7.4 per cent in Q1 against 7.2 ...

The European Central Bank warned on Tuesday that it might make a loss as high inflation forces it to raise interest rates and foot the bill of a decade of ...

Cypriot airline Cyprus Airways on Tuesday released a statement saying that it is launching a package holidays platform called Cyprus Airways Holidays. The platform offers a single package, combining Cyprus ...

British fashion group Superdry (SDRY.L) said it is in negotiations to refinance borrowings of up to 70 million pounds ($85 million) with Bantry Bay Capital as it races to secure new ...

The return of deposits to those affected by the closure of Lebanese bank branches on the island in recent months was carried out in a timely manner with the oversight ...

Russia turns to the Chinese currency amid sanctions Moscow becomes No.4 offshore trading centre for yuan Yuan’s share of Russian FX market jumps from 1 per cent to 45 per cent ...

Oil rebounded on Tuesday after falling to more than 11-month lows in the previous session, as investors weighed a potential output adjustment from the major oil producers, who are set ...

Cyprus has a new growth model that can adapt to changing conditions, Finance Minister Constantinos Petrides said on Monday evening, speaking at an event organised by the Cyprus-American Chamber of ...

Snap Inc (SNAP.N) will require employees to work from its offices 80 per cent of the time, starting from the end of February, the company said on Monday. “After working ...

Bitfront, a US crypto exchange backed by Japanese social media firm Line Corp, said it has suspended new sign-ups and credit card payments and will cease operations in a few ...

This past week has been exciting in the cryptocurrency world. The whole market, including Bitcoin, enjoyed a healthy price spike. For a short while, crypto investors were walking with more ...