Business

By Luigi Scazzieri Turkey’s objections to Finland and Sweden joining NATO have put the spotlight on Ankara’s role in the alliance. Even if a compromise is found, Turkey’...

Major business stakeholders got together at the Limassol Business and Investment Summit on Friday to discuss the ways in which the city can continue to capitalise on the notable growth ...

The Cyprus Chamber of Commerce and Industry (Keve) earlier participated and presided over the first annual general meeting of the Association of Balkan Chambers for 2022. The Association of Balkan Chambers ...

Chief Scientist and Research and Innovation Foundation president Nikolas Mastroyiannopoulos on Wednesday praised the role of the state in fostering innovation and promoting the use of technologically advanced solutions in ...

Greek Prime Minister Kyriakos Mitsotakis says Greece, an entry point for natural gas for the eastern Mediterranean, could play a key role in helping Europe achieve energy autonomy given its ...

Ayia Napa’s municipality on Friday unveiled its new ‘Code of Ethics for Tourism in Ayia Napa’ in an effort to transform the resort into a model, modern, attractive and ...

California port leaders expect imports to rise as Shanghai, home to the world’s busiest seaport, emerges from a two-month COVID-19 lockdown. The question is whether that release of pent-up ...

German exports rose more than forecast in April, rising by 4.4 per cent on the previous month, while imports increased by 3.1 per cent, according to data released by the Federal Statistical ...

For at least a decade, Burger King’s formula for European expansion has relied on a joint venture partnership, including a master franchisee, to open and operate new locations. But ...

Tesla (TSLA.O) CEO Elon Musk has a “super bad feeling” about the economy and wants to cut about 10 per cent of jobs at the electric carmaker, he said in ...

The International Monetary Fund (IMF) executive board on Wednesday evening concluded its article four consultation for Cyprus, which included an assessment of the country’s economic and financial developments. According ...

Google’s (GOOGL.O) YouTube and other platforms could have to pay copyright damages over unauthorised uploads even if the content was put online by a third party, Germany’s ...

Business deposit rates fell further in April, turning negative for the first time in the history of the banking system, according to a report by the Central Bank released on ...

In 1918, Soviet revolutionary Leon Trotsky told Western creditors aghast at the Bolsheviks’ repudiation of Russia’s external debt: “Gentlemen, you were warned.” He reminded them that dismissal of Tsarist-era debt ...

The financial ombudsman has advised banks and credit-acquiring companies to refrain from foreclosing on mortgaged properties before the definitive conclusion of procedures within the Estia housing loan subsidy scheme, otherwise ...

China’s Zhejiang Geely Holding Group conducted its first successful satellite launch on Wednesday, sending nine into low earth orbit as it builds out a satellite network to provide more ...

Russia’s failure to pay $1.9 million in accrued interest on a dollar bond will trigger payouts potentially worth billions of dollars, a panel of investors determined on Wednesday, as the ...

As Greek restaurateurs gear up for the summer season, they are keeping a wary eye on the potentially damaging impact of inflation – amply illustrated by the soaring price of a ...

Oil prices fell on Thursday on speculation that Saudi Arabia and other OPEC members may boost crude output to compensate for a drop in Russian production. Brent crude was down $2.82, ...

Metaverse coins like Stacks (STX) and Theta Network (Theta) are on a verse to lose from the new project Chronoly (CRNO). With the fall of the crypto market, these coins ...

Air travel restrictions imposed during the Covid-19 pandemic almost halved airport revenues in 2020, according to the annual Airport Economics Report and key performance indicators (KPIs) by Airports Council International (ACI) ...

The growth rate of the Cypriot economy grew by 5.9 per cent year-on-year in the first quarter of 2022 according to a report by the Cyprus Statistical Service (Cystat) released on Wednesday. ...

The unemployment rate fell to 6.6 per cent in the first quarter of 2022, a fall of 2 per cent year-on-year, with total employment increasing by 28,659 people, according to a report by the ...

The Producer Price Index in Industry for the month of April 2022 reached 123.8 points (base 2015 = 100), recording an increase of 19.5 year-on-year, according to a report by the Cyprus Statistical Service (Cystat) released ...