Cyprus Business Now
Finance Minister Makis Keravnos welcomed the release of the International Monetary Fund’s (IMF) Fiscal Monitor, which expects that Cyprus’ public debt ratio will decline to the Maastricht Treaty limit (60 ...
Dollar’s dominant reserve currency status to endure, says Morgan Stanley
The US dollar’s dominant reserve currency status is likely to endure partly because even the most talked about alternative the Chinese yuan falls short as a credible challenger, Morgan ...
UK financial sector seeks stronger accountability of regulators
A new sector-wide body could help ensure that Britain’s financial regulators fully comply with their new remit of aiding international competitiveness when writing rules, an industry lobby group said ...
Oil extends losses on easing Middle East tension, demand concerns
Oil prices fell to a three-week low on Thursday, extending losses on hopes of easing tensions in the key producing region of the Middle East, while investors turned their focus ...
Minister welcomes IMF debt ratio revision — Cyprus to reach key figure a year earlier
Finance Minister Makis Keravnos welcomed the release of the International Monetary Fund’s (IMF) Fiscal Monitor, which expects that Cyprus’ public debt ratio will decline to the Maastricht Treaty limit (60 ...
Construction material prices fall from previous year
The price index of construction materials in Cyprus reached 117.19 units in March, with 2021 serving as the base year with a default value of 100 units, marking a slight increase of 0.21 per ...
Cyprus travel agents pleased with tourist arrivals so far
Developments in the Middle East are indeed worrying, however, for the time being, they do not appear to have had any significant impact on tourist arrivals in Cyprus, with the ...
Cypriot capital markets to benefit from EMTN dual-listing
The Finance Ministry, in collaboration with SIX, a financial market infrastructure company, and the Cyprus Stock Exchange (CSE), on Thursday announced the successful activation, referred to as going live, of ...
Greek economy surges after decade of pain
A decade ago, Greece was in the throes of a devastating debt crisis marked by years of austerity, hardship and unrest. Now, officials and investors say 2024 could be the year ...
Ryanair expects to receive 40 Boeing planes by mid-July
Ryanair expects Boeing to deliver 40 new jets by mid-July, Chief Executive Michael O’Leary said on Wednesday, broadly in line with a revised schedule it has previously announced.
Speaking at ...
Cyprus Business Now
President of the association of Hotel Professionals of Cyprus (Pasydixe) Christos Angelides has called for more agility in the local tourism sector, saying that any long-term strategy remains vulnerable to ...
What are the implications of oil’s recent surge on global markets
Oil prices are up around 16 per cent so far this year near $90 a barrel, with supply worries high given escalating Middle East tensions and tit-for-tat attacks on energy infrastructure between ...
UK house prices fall by least in eight months
British house prices fell by the least in eight months in February when they edged down by 0.2 per cent on an annual basis after a revised 1.3 per cent decrease in ...
Elevating employee well-being: boosting productivity and happiness
In the ever-evolving landscape of the tech industry, prioritising employee well-being has emerged as a strategic imperative.
To address this pressing need, a local series of the Women in Tech ...
MSC Aries: seafarers safe, negotiations for release ongoing
The Mediterranean Shipping Company (MSC), a global shipping giant with offices in Limassol, on Wednesday issued an update regarding the seizure of the MSC Aries in the Strait of Hormuz ...
Cyprus consumer price index drops to 1.6 per cent in March
The annual inflation rate of the Harmonised Consumer Price Index in Cyprus dropped to 1.6 per cent in March, mainly driven downward by a decrease in energy prices, according to a ...
Cyprus tourist arrivals rise in first quarter — UK remains key market
Cyprus tourism experienced growth during the first quarter of 2024, marking a recovery after a previous period of decline, according to the Cyprus Statistical Service (Cystat), which released the relevant report ...
Cyprus tourism urged to embrace politeness and hospitality
President of the association of Hotel Professionals of Cyprus (Pasydixe) Christos Angelides has called for more agility in the local tourism sector, saying that any long-term strategy remains vulnerable to ...
UK jobs market cools again but worries remain for Bank of England
Britain’s labour market lost a bit more of its inflationary heat, data showed this week, offering some relief to the Bank of England, but stubborn underlying problems continued with ...
Cyprus university signs MoU to advance AI-driven financial modelling
The University of Cyprus and Boltzmann Research, a team of scientists seeking to tackle the challenge of predicting financial markets, have signed a Memorandum of Understanding (MoU), according to a ...
Rural tourism in Cyprus on the up, minister says
Agrotourism in Cyprus is on the rise, according to statements made by Deputy Minister of Tourism Kostas Koumis at the 18th Annual General Assembly of the Cyprus Agrotourism Society held ...
Morgan Stanley profit beats estimates with higher investment banking, wealth revenue
Morgan Stanley’s first-quarter profit beat estimates on Tuesday, fueled by a resurgence in investment banking and growth in wealth management, sending shares up 3.7 per cent.
Investment banking revenue climbed 16 ...
Cyprus Business Now
AstroBank on Tuesday released its financial results for the year ending December 31, 2023, reporting a profit after tax of €30.4 million, while also marking a Return on Equity (RoE) of 13.9 per cent, ...
Venture capital investment in UK start-ups falls in Q1 2024
Venture capital investment in UK companies fell in the first three months of 2024, in the worst quarter for UK fundraising since the early months of the COVID pandemic, a report ...