#business

Ensuring macroeconomic stability and the rational management of resources and public financial obligations is a fundamental objective of the government, said President Nikos Christodoulides on Wednesday evening. Speaking at the 63...

The Bank of England kept its main interest rate unchanged at a 16-year high of 5.25 per cent at its last meeting before July 4’s UK election, but the prospect of ...

A study conducted by the Cyprus Employers and Industrialists Federation (Oev) has highlighted the importance of digital transformation for businesses, emerging as a key factor for their long-term success, growth ...

The Research and Innovation Foundation (RIF) this week announced the launch of a new programme titled “Enterprises Capacity Building in New Product Development.” According to the announcement, this initiative aims ...

International credit rating agency Standard & Poor’s (S&P) this week upgraded the long-term credit rating of the Bank of Cyprus to BB+ with a positive outlook. This ...

British inflation returned to its 2 per cent target for the first time in nearly three years in May, but strong underlying price pressures all but rule out a pre-election interest ...

Ferrari’s first electric car will cost at least 500,000 euros ($535,000), a source familiar with the matter told Reuters, as the luxury automaker prepares to open a plant that will make ...

Sweden’s financial supervisory authority has fined Nasdaq Stockholm (NDAQ.O) 100 million Swedish crowns ($9.59 million) for not complying with bourse rules at several occasions in recent years, the regulator said ...

Britain’s financial watchdog will wait until after next month’s national election to publish its review into how banks conduct mandatory extra checks on “politically exposed” customers and their ...

The Cyprus Stock Exchange (CSE) on Wednesday announced the approval of the listing of 21,500 Treasury Bills with a 13-week maturity, 4th issue, Series 2024 (21/06/2024 – 20/09/2024), each with a nominal value of €1,000, totalling €21,500,000. ...

The Republic of Cyprus has drawn offers totalling €9.6 billion from international markets for its newly issued 7-year bond worth €1 billion, according to a report released on Wednesday by the Cyprus ...

Cyprus has seen a slight improvement in IMD’s world competitiveness rankings, moving from 45th to 43rd place among 67 evaluated countries, according to an announcement by the University of Cyprus’ ...

Consulting and advisory firm PwC Cyprus this week announced the admission of two new partners, Petros Metaxas and Alexandros Papadopoulos, with the decision coming into effect on July 1, 2024. The company ...

International credit rating agency Standard & Poor’s (S&P) this week upgraded the long-term credit rating of the Bank of Cyprus to BB+ with a positive outlook. This ...

International credit rating agency Moody’s this week announced that it has initiated a review for a possible upgrade of all ratings and assessments of Hellenic Bank. According to the ...

The Central Bank of Cyprus (CBC) this week revised its forecast for the country’s GDP growth in 2024 to 3 per cent, up from the 2.8 per cent predicted in March, primarily ...

Cypriot state officials on Tuesday used their attendance at the annual general meeting of the Association of Cyprus Banks to call for a reduction in lending rates and a narrowing ...

Fisker filed for bankruptcy protection late on Monday, becoming the latest electric-vehicle startup to collapse after Arrival and Lordstown Motors in a tough market dominated by Tesla and Chinese automakers. ...

Ford (F.N) plans further job cuts in Germany, Spain and the UK, the head of the worker’s council for the US automaker in Germany told Reuters on Tuesday. ...

Cyprus Deputy Minister of Shipping Marina Hadjimanolis has recognised the significant contributions of maritime agents to Cypriot shipping during an official dinner held on June 14 by the Cyprus Shipping Association. ...

The Republic of Cyprus on Tuesday announced the appointment of investment banks Citi, Deutsche Bank, Goldman Sachs Europe, and HSBC as advisors for the issuance of a new €1 billion 7-year ...

AstroBank CEO Aristides Vourakis on Tuesday was elected as president of the Association of Cyprus Banks for the next two years, with Antonis Rouvas, interim CEO of Hellenic Bank, stepping ...

Inflation, as measured by the harmonised index of consumer prices in Cyprus (HICP), has climbed to a six-month peak in May 2024, increasing by 3 per cent compared to the same month ...

The Paphos Regional Tourism Board (Etap) hosted on Monday partners of the SMARTIES for SMEs project, in a move that seeks to bolster the competitiveness and resilience of small and ...