Business

There is interest from people in Scandinavian countries and Switzerland in visiting Cyprus this summer, according to the Deputy Minister of Tourism Savvas Perdios. Speaking from Switzerland, where he is ...

By Yiannis Seitanides RCB Bank’s coordinated exit from the financial markets has entered the final stretch, with the supervisory authorities in Nicosia and Frankfurt managing a situation that could ...

Britain sanctioned another wave of Russia’s banks, critical industries and a host of members of its elite on Thursday, including Gazprombank, Alfa Bank, and a woman they said was ...

Russian President Vladimir Putin on Wednesday said the world’s largest natural gas producer would soon require “unfriendly” countries to pay for their fuel in Russia’s currency, the rouble. ...

Russia’s stocks jumped on Thursday, the first day of trading in almost a month in the wake of its troops entering Ukraine, with gains in commodity stocks offset by ...

Finnair will commence direct flights from Larnaca to Helsinki from April 10 this year, an announcement from the Finnish embassy in Cyprus said Thursday. The Finnish ambassador to Cyprus, Harri Mä...

RCB Bank on Thursday announced that it will cease operating as a bank and would become an asset management company. The bank cited the “ongoing and extremely volatile geopolitical situation” ...

Eurobank Cyprus on Wednesday announced that it posted a net profit of €52.3 million for 2021, boosting its profitability from the year before, while at the same time improving its asset quality ...

The €556 million loan portfolio sale by RCB Bank to Hellenic Bank on Tuesday served to fulfil a dual purpose – bolstering the latter bank’s portfolio with high-quality assets, while at ...

BUX, a European digital financial services company, announced on Wednesday the appointment of Jean-Raphael Nahas as new Managing Director of its Cyprus CFD operations, following the hiring of online brokerage ...

Russia plans to resume some stock trading on Thursday after a near month-long hiatus, with 33 rouble securities to be traded on the Moscow Exchange. Non-residents will have to wait, though – ...

Τhe Paris Court of Appeal has dismissed an application for the annulment of an International Arbitral Award, finding in favour of the Republic of Cyprus concerning Fbme Bank. The case ...

British Chancellor Rishi Sunak cut taxes for workers and reduced a duty on fuel on Wednesday as he sought to soften a severe cost-of-living squeeze against the backdrop of fast-rising ...

Oil prices rose in volatile trading on Wednesday, supported by disruption of Russian and Kazakh crude exports via the CPC pipeline. Brent crude futures were up $3.13, or 2.7 per cent, at $118.61 ...

Sky-high fertilizer prices have farmers worldwide scaling back its use and reducing the amount of land they’re planting, fallout from the Ukraine-Russia conflict that has some agricultural industry veterans ...

The Egyptian pound slid another 1 per cent on Tuesday, after a 14 per cent devaluation on Monday, and the government announced a budget restructuring in a sign it may be preparing ...

Amazon.com Inc (AMZN.O) said on Wednesday it will set up a logistic base in Turkey to meet rising demand, with a more than $100 million investment. It said the ...

Cyprus Agrotourism Company (Kea) director Annita Demetriadou on Tuesday said that the island’s rural tourism product must be constantly bolstered, citing various aspects that require the organisation’s involvement. ...

Bitcoin just isn’t anonymous enough for a growing cohort of crypto users who are seeking greater seclusion. A volatile class of crypto known as privacy coins, created with the ...

SMEunited, the association of Crafts and SMEs in Europe, which has around 70 member organisations from over 30 European countries, including the Cyprus Chamber of Commerce and Industry (Keve), on Tuesday announced ...

Fitch Ratings announced that it has affirmed Cyprus’s Long-Term Foreign-Currency Issuer Default Rating (IDR) at ‘BBB-‘ with a Stable Outlook. The credit ratings agency said that Cyprus’ rating is ...

Legislators on Tuesday began discussing a series of bills designed to reduce administrative costs for small and medium-sized businesses by simplifying the way they prepare their annual financial statements. The ...

Tesla will on Tuesday deliver to customers the first 30 Model Y cars made at its 5 billion euro ($5.5 billion) Gruenheide plant, launching its first European production hub that is the biggest ...

Russia’s coupon payment on a sovereign bond maturing in 2029 was processed by correspondent bank JPMorgan Chase & Co (JPM.N), a source said on Monday, the second time in ...