Could the US ship more LNG to Europe?
The United States, the world’s top natural gas producer, wants to send more liquefied natural gas (LNG) to Europe to help its allies break their dependence on Russian gas ...
Turkey’s current account deficit seen rising to 4 per cent of GDP this year
Turkey’s current account deficit is expected to rise to $32 billion or 4.0 per cent of GDP this year, more than the 2.5 per cent previously forecast, Goldman Sachs said, citing rising ...
UK retail sales and consumer confidence fall as inflation mounts
Britons cut back on their shopping in February and consumer confidence levels tumbled this month as accelerating inflation cast a shadow over the world’s fifth-biggest economy, data released on ...
Energy Minister to help promote Cyprus in Egypt
Energy Minister Natasa Pilidou will meet with her Egyptian counterparts in Cairo on Sunday and Monday, a ministry statement announced on Saturday.
According to the statement, Pilidou is leading a ...
Costs of going unvaccinated in America are mounting for workers and companies
Nearly a year after COVID vaccines became freely available in the US., one fourth of American adults remain unvaccinated, and a picture of the economic cost of vaccine hesitancy is ...
Cyprus to commercialise academic research to bolster economy
Chief Scientist and Research and Innovation Foundation president Nikolas Mastroyiannopoulos, during an interview with the Cyprus News Agency earlier this week, revealed that the creation of a national knowledge transfer ...
Four weeks of war scar Russia’s economy
Russia’s invasion of Ukraine on Feb. 24 sparked sweeping sanctions that ripped the country out of the global financial fabric and sent its economy reeling.
A month on, Russia’s ...
The war in Ukraine and its macroeconomic implications
By Ioannis Tirkides
The war in Ukraine and the sanctions will have profound effects on the Russian economy itself, will cause a geopolitical shift, and will certainly have serious macroeconomic ...
China’s Sinopec pauses Russia projects, Beijing wary of sanctions
China’s state-run Sinopec Group has suspended talks for a major petrochemical investment and a gas marketing venture in Russia, sources told Reuters, heeding a government call for caution as ...
Lebanon banks to sell dollars at approved rate starting March 28
Lebanese banks will be allowed to sell the local currency for US dollars and vice-versa starting March 28, on the basis of the rate determined by the central bank’s “Sayrafa” ...
HSBC steps up scrutiny of Russian clients worldwide as sanctions ratchet up
HSBC (HSBA.L) is shunning prospective Russian clients and declining credit to some existing ones, two sources with knowledge of the matter told Reuters, as the bank seeks to shield ...
US, EU strike LNG deal as Europe seeks to cut Russian gas
The United States will work to supply 15 billion cubic metres of liquefied natural gas (LNG) to the European Union this year to help it wean off Russian energy supplies, the ...
EU nations to exchange refugees’ hryvnias at Ukraine cenbank rate
European Union countries are likely to agree to allow millions of Ukrainian refugees to exchange their currency, the hryvnia, into currencies used in the EU over the next three months ...
Cyprus Business Now
Cyprus Securities and Exchange Commission (CySEC) chairman George Theocharides was appointed in the position of Chairman of the Committee for Economic and Markets Analysis (CEMA) of the European Securities and ...
Clients plead with top custodian banks to stay in Russia
Global banks including Citigroup Inc (C.N), JPMorgan Chase & Co (JPM.N) and Societe Generale (SOGN.PA) face pressure to commit to remaining as custodian banks in Russia, as ...
Oil slides near 2 as EU fails to boycott Russian crude
Crude prices slid nearly 2 per cent on Thursday after the European Union (EU) did not agree on a plan to boycott Russian oil and as the United States and its ...
Signs that things are looking up a bit for tourism
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 ...
The end, and the beginning of a new era for RCB
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 ...
UK sanctions Alfa, Gazprombank and Lavrov’s step daughter
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 ...
Challenges arise as Russia calls for gas payments in roubles
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 stocks jump as trade resumes after month-long break
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 to launch direct flights from Larnaca to Helsinki next month
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 to close its banking operations in shift towards asset management
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 posts €52.3 million net profit
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 ...