Business

Governor of the Central Bank of Cyprus Constantinos Herodotou said on Thursday that the banking sector of Cyprus faces the effects of the Russian invasion of Ukraine from a financially ...

Revenue for carmaker Stellantis (STLA.MI) rose 12 per cent in the first three months of the year, supported by strong pricing and the type of vehicles sold, offsetting the impact ...

The non-performing loan ratio (NPL) of the Cypriot banking sector increased in January, according to a report by the Central Bank of Cyprus released on Thursday. The NPL ratio rose ...

The number of registered unemployed stood at 11,664 persons at the end of April 2022, according to data released this week by the Cyprus Statistical Service (Cystat). The latest figure reflects a ...

By Yiannis Seitanides The proposed sixth package of sanctions against Russia, which was submitted on Wednesday by the European Commission, puts certain countries, including Cyprus, in a difficult position. Initially, ...

A US Senate committee is expected to pass a bill on Thursday that could open members of the Organization of the Petroleum Exporting Countries and its partners to antitrust lawsuits ...

The finance ministry has asked parliament to green-light an additional €102 million in government spending to deal with the continuing economic impact of the Covid situation and the fallout from the ...

In April 2022, inflation was 8.8 per cent in Cyprus, with the Consumer Price Index increasing by 2.58 units to 110.36 units, compared to 107.78 units in March 2022, according to data published by the Cyprus ...

Blockchain-based payment protocols are some of the most promising projects within the crypto space, for the simple reason that payments are such an omnipresent component of society, enabling transactions between ...

BMW (BMWG.DE) posted a rise in first-quarter profit on Thursday, boosted by a reevaluation of the German car maker’s stake in its Chinese joint venture and strong pricing, ...

New cryptocurrencies are constantly being introduced to the market. While some deserve attention, others are only ‘another brick in the wall.’ In this regard, Logarithmic Finance (LOG) is establishing itself ...

Hungary and Slovakia will be able to continue buying Russian crude oil until the end of 2023 under existing contracts, an EU source told Reuters on Wednesday, benefitting from exemptions from ...

The European Union has proposed a phased embargo of Russian oil, tightening its sanctions on Moscow for its invasion of Ukraine. What would the impact be of banning Russian barrels ...

Turkey’s annual inflation jumped to 69.97 per cent in April, above forecast and at a two-decade high, according to data on Thursday, fuelled by the Russia-Ukraine conflict and rising energy ...

Britain on Thursday revoked the Moscow Stock Exchange’s (MOEX) status as a recognised stock exchange, removing some tax relief for new investors. Britain grants recognised status to some exchanges, ...

The Russian rouble jumped on Wednesday to around a two-year high against both the dollar and the euro, retaining the support of hefty capital controls as the European Union proposed ...

War may be raging on their doorstep but Central Europe’s economies are outpacing their euro zone peers as consumer spending booms. A reversal could come as soon as this ...

The Cyprus Statistical Service (Cystat) on Wednesday released the preliminary budget results for the period January-March 2022, with the report showing a general government surplus of €239.3 million. The surplus corresponds to 1 ...

President Anastasiades earlier this week said that Turkey’s ban on Cyprus-flagged vessels is an ongoing source of frustration for the local shipping industry, labelling the embargo a ‘thorn in ...

The Federal Reserve on Wednesday raised its benchmark overnight interest rate by half a percentage point, the biggest jump in 22 years, and said it would begin trimming its bond holdings ...

The blue shirt worn by Diego Maradona when he scored two momentous goals to knock England out of the 1986 World Cup, including the so-called ‘Hand of God’ goal, has sold ...

Norway’s $1.2 trillion sovereign wealth fund is prepared for a rocky ride as it confronts the biggest geopolitical changes in three decades, its chief executive said on Tuesday. “We probably ...

Stellantis (STLA.MI) has agreed to buy the Share Now car-sharing business from BMW (BMWG.DE) and Mercedes-Benz (MBGn.DE) as the two German groups focus more on the software ...

Oil prices bounced on Wednesday ahead of an announcement by the US Federal Reserve and further sanctions on Russia by the European Union, offsetting demand worries in top importer China. ...