Business

By Maria Demertzis In the 2020 revision of monetary policy strategy, the US Federal Reserve adjusted the pursuit of an inflation rate at 2 per cent, to inflation that ‘averages 2 per cent ...

This project has been continuously in the limelight during the last few weeks, but, worryingly, for the wrong reasons. Following many questions about the lack of progress, significant schedule slippage ...

The impact of the war in Ukraine on an economy already struggling with rising prices was at the focus of a meeting on Friday between the leaderships of left-wing Akel ...

Ukraine, which is locked in a security crisis with Russia, has seen growing investment from China in recent years. China has a strategic interest in Ukraine because of its location, ...

Oil prices jumped on Friday by nearly 3 per cent on concerns of global supply disruptions from the impact of trade sanctions on major crude and fuel exporter Russia after it ...

French Finance Minister Bruno Le Maire said on Friday the option of cutting off Russia from the SWIFT global interbank payments system remained open, but that he viewed this only ...

Russia has spent the past seven years building up formidable financial defences, yet in the long run, its economy is unlikely to withstand the onslaught of coordinated sanctions from the ...

RCB Bank announces a change in its shareholding structure. On February 24 2022, a 46.29 per cent stake in the share capital of RCB Bank held by VTB Bank (PJSC) was acquired by ...

By Yiannis Seitanidis The threat of severe economic sanctions was not enough to prevent Russia’s invasion of Ukraine. But the package of massive and severe sanctions is the EU’...

Cypriot financial technology company WiRE, which specialises in the property market, generating analysis, business insights and data reports, announced on Wednesday the successful completion of its seed funding round. The ...

Port management company DP World on Wednesday hosted Cypriot officials at its flagship terminal Jebel Ali Port in Dubai. Attending the site were Transport Minister Yiannis Karousos and Shipping Deputy ...

In February 2022, economic sentiment in Cyprus improved as the Economic Sentiment Indicator (ESI-CypERC) increased by 3.5 points compared with January 2022. According to a press release of the Economic Research Centre of ...

Russian state-owned VTB Bank (PJSC) has transferred all its shares in RCB Bank to Cypriot shareholders, making RCB a 100 per cent Cypriot-owned bank. VTB transferred to the Cypriot shareholders the 46.29 ...

In the north German state of Mecklenburg-Vorpommern, where former Chancellor Angela Merkel was born, ties to Russia run deep – so deep, in fact, its leaders have defended a Kremlin project ...

Europe’s financial sector scrambled on Thursday after Russia invaded Ukraine, with Allianz (ALVG.DE)disclosing it had frozen its Russian government bond exposure and top British domestic lender Lloyds ...

The European Union is unlikely at this stage to take steps to cut Russia off from the SWIFT global interbank payments system as it works on a new package of ...

Oil prices broke above $100 a barrel for the first time since 2014, stock markets slumped and the rouble hit a record low on Thursday after Russian President Vladimir Putin launched an ...

The Russian rouble tumbled to a record low on Thursday, the euro sank to a multi-year low to the Swiss franc, and the yen jumped after Russian forces attacked Ukraine, ...

UK’s main stock indexes plunged on Thursday, tracking a sharp drop in global equities as investors shed riskier assets, after Russian forces launched an invasion of Ukraine. The benchmark ...

Oil prices surged on Thursday, with Brent breaching $100 a barrel for the first time since 2014, after Russia attacked Ukraine, exacerbating concerns that a war in Europe could disrupt global energy ...

Russian forces fired missiles at Ukrainian cities and landed troops on its coast on Thursday, officials and media said, after President Vladimir Putin authorised what he called a special military ...

The achievement a year early of the target to bring the NPL ratio down to single digits, combined with the return to profitability, allows the Bank of Cyprus to move ...

By Yiannis Seitanidis The life insurance sector maintains its momentum and the overall premium generation rate remained in double digits in 2021. According to the latest data from the Association of ...

Real estate agents being granted access to property price data is beneficial to property buyers, Council for Registration of Real Estate Agents president Marinos Kineyirou said on Wednesday. This refers ...