Business

The Cyprus Statistical Service (Cystat) on Friday released its latest tourism report showing that 315,018 tourists arrived in Cyprus in May 2022, a 212.3 per cent year-on-year increase. The number of arrivals stood ...

The Russian finance ministry on Thursday said it had fulfilled its obligations on two issues of dollar-denominated Eurobonds “in full” by sending 12.51 billion roubles ($234.5 million) in coupon payments to the ...

Lebanese caretaker Prime Minister Najib Mikati was designated premier again on Thursday, facing the challenge of forming a new government as the country’s devastating financial crisis festers. Mikati’s ...

British retail sales volumes fell by a monthly 0.5 per cent in May and an increase in April was revised down sharply, the Office for National Statistics said on Friday in ...

Oil prices traded sideways on Friday after briefly rising nearly $1 per barrel, as the market balanced fears of slower demand from cooling US economic activity with supply uncertainty. Brent crude ...

The digital transformation of businesses is much more than a website, an e-shop or a mobile app. First and foremost, it involves changing our mindset and rethinking from scratch how ...

The Institute of Certified Public Accountants (Selk) on Thursday submitted a six-part plan to further develop the Cypriot economy and businesses. “Maintaining the strength of our economy does not depend ...

By Yiannis Seitanidis EU sanctions against Russia are having a negative impact on businesses in Cyprus, with closures and redundancies as a consequence, according to the European Sanctions Affecting People ...

Finance Minister Constantinos Petrides told attendees at a SEK trade union conference that Cyprus is entering a new era “where the only certainty is uncertainty”. During his speech, the Finance ...

Digital assets platform FalconX was valued at $8 billion in a new funding round led by Singapore’s sovereign wealth fund GIC and B Capital, more than doubling its valuation in 10 ...

Saturday, June 25 with your copy of the Cyprus Mail. Finance plays a critical role for society at large, serving individuals, families, businesses, governments, and civic institutions. In this issue, we ...

Major crypto firm Tether said on Wednesday it will launch next month a “stablecoin” pegged to the British pound, a move that comes as London draws up plans to regulate ...

London’s Heathrow said on Thursday demand for travel has been stronger than expected, prompting Britain’s busiest airport to raise its passenger number forecast for the year, while costs ...

Cryptocurrency investors are preparing for another altcoin season after the recent bear market in digital assets. Those looking to capitalize on recent lows could consider adding Hedera (HBAR), Decentraland (MANA) ...

Russia is increasing gasoline and naphtha supplies to Africa and the Middle East as it struggles to sell fuel in Europe, while Asia is already taking bigger volumes of Russian ...

The Group of Seven rich democracies will seek to demonstrate their long-term support for Ukraine in its fight against Russian aggression at a summit starting on Sunday even as the ...

India is providing safety certification for dozens of ships managed by a Dubai subsidiary of top Russian shipping group Sovcomflot, official data showed, enabling oil exports to India and elsewhere ...

Britain should avoid major, hasty reforms to make its financial sector more globally competitive following the industry’s separation from the European Union by Brexit, a parliamentary report said on ...

Britain’s worsening cost-of-living squeeze is pushing some people into gambling and cryptocurrency investments in last-ditch attempts to make ends meet, a gambling charity warned on Thursday. GamCare said it ...

The 14th summit of BRICS, an emerging-market group that includes Brazil, Russia, India, China and South Africa, will be held this week in virtual format under the theme of “Foster ...

Cryptocurrency trading increasingly resembles the US stock market of the late 1920s, Switzerland’s top market regulator said on Wednesday, calling for regulators to take more action to protect consumers ...

The Cyprus economy and competitiveness council on Wednesday recommended the establishment of a new deputy ministry for the environment and sustainability. The recommendation for the creation of a new deputy ...

The cabinet of ministers this week approved a bill amending the income tax law so that the existing tax exemption for the amount of investment in an approved small-to-medium innovative ...

The Cyprus Ports Authority (Alk) on Wednesday said that the commercialisation of the Larnaca port has been one of the most important events that took place in the Cyprus maritime ...