Business

Cyprus should expect higher joblessness and further inflation in 2022, which is also expected to impact the recovering tourism sector, but the economy should improve next year, according to the EU’...

Movers and shakers arriving for the annual meeting of the World Economic Forum (WEF) this month can pack sandals instead of ski boots for a rare springtime version of the ...

Some Western companies have agreed to sell their Russian assets or hand them over to local managers as they scramble to comply with sanctions over the Ukraine conflict and deal ...

Russian oil and gas condensate average output has increased by around 1.7 per cent month on month to 1.4 million tonnes per day (10.25 million barrels per day) in the first half of ...

More than 50 economists warned on Monday that Britain’s post-Brexit plans to boost the competitiveness of its huge finance industry risked creating the kind of problems that led to the ...

There are many reasons why European investors and business owners are interested in branching out to the US. For one, the US is known for having the highest GDP in ...

The platform for the competitive electricity market (CEM), which also includes the energy exchange, will be ready to operate by the fourth quarter of 2022, the Transmission System Operator (TSO) announced. ...

There is a lot of public discussion going on regarding the rental of private office buildings for the government’s needs. On the one hand, one side says that this ...

China’s retail and factory activity fell sharply in April as wide COVID-19 lockdowns confined workers and consumers to their homes and severely disrupted supply chains, casting a long shadow ...

By Andreas Charalambous and Omiros Pissarides The Turkish economy has repeatedly been described as totally directed by President Erdogan’s inner circle. Economic decisions which are obviously political, such as ...

The government and banks issue deceptive statements and statistics and the media blindly report them without question By Les Manison According to Reporters Without Borders, Cyprus ranks 69th on the “...

By Charalambos Sergiou, Alexandros Vacanas and Nikolas Stratis Blockchain technology is based on the establishment of a decentralised network of trust between unknown participants, facilitating peer-to-peer transactions in a cost-efficient ...

Nigeria’s markets regulator has published a set of regulations for digital assets, signalling Africa’s most populous country is trying to find a middle ground between an outright ban ...

The West has imposed an unprecedented package of sanctions on Russia, its top companies and its business and political elite in response to Moscow’s invasion of Ukraine. The measures ...

Goldman Sachs Group Inc (GS.N) officers and directors reached a $79.5 million settlement to resolve shareholder claims that their poor oversight contributed to the bank being enmeshed in the looting ...

Russia’s biggest airline, Aeroflot (AFLT.MM), said on Friday it had bought eight Airbus A330 aircraft from foreign leasing companies “as part of the fulfilment of contractual obligations”. More ...

The Cyprus Securities and Exchange Commission (CySEC) announced the launch of an online platform which will reinforce its efforts to curtail money laundering. CySEC, in a press release said that ...

An open letter outlining a range of measures for the government to implement, sent on Wednesday by the Cyprus Chamber of Commerce and Industry (Keve), has sparked a fierce reaction ...

Deputy Minister for Research, Innovation and Digital Policy Kyriacos Kokkinos announced on Friday the signing of a Memorandum of Understanding (MoU) with IDEA Innovation Centre president Charis Pouangare. The MoU ...

Research released earlier this month has shown that the behaviour of consumers and markets in the technology sector is being driven by a number of factors, with several trends being ...

The European Bank for Reconstruction and Development (EBRD) is considering financial support for Ukraine’s transport and logistics companies to help them maintain their exports, a senior bank official said ...

A cruise ship carrying around 1,000 passengers from Israel docked at Larnaca port on Friday after a two-year hiatus of the service due to the Covid-19 restrictions. The Crown Iris cruise ...

Japan’s Toshiba Corp (6502.T) said on Friday it has received interest from 10 potential investors after it solicited buyout offers. It also announced a special dividend of 160 yen per share, ...

The Russian rouble firmed past 63 per dollar in Moscow on Friday for the first time since early February 2020 and touched a fresh five-year high versus the euro, supported by continuing ...