#business

Japanese automaker Suzuki Motor Corp (7269.T) said on Tuesday it had reached an agreement with SkyDrive Inc to make “flying cars”. The companies will use a Suzuki Group factory in ...

Cyprus Deputy Minister of Tourism Kostas Koumis this week stated that direct air connectivity between Cyprus and Kazakhstan will become possible next year. According to a statement from the ministry, ...

Oil dropped for a second day on Friday and was heading for a weekly decline, as a UK interest rate hike added to concern over economic growth that outweighed lower ...

Hellenic Bank on Friday released its financial results for the first quarter of 2023, posting a profit of €69.7 million, solidifying a robust performance during this period, while the bank’s transformation ...

EcoXCyprus, which organises online and in-person meetups relevant to startups, technology, investments and the blockchain, announced this week that on Monday, June 26, it will be holding its 19th meetup at ...

Greece is heading into an election weekend with its public debt trading near the levels enjoyed by first-class peripheral countries, a decade after a debt crisis forced a dramatic reshaping ...

The Turkish lira weakened as much as 2.8 per cent to a fresh record low early on Friday, extending losses as the central bank’s large rate hike a day earlier, ...

The Cyprus Mail recently sat down with Zubr Capital CEO Oleg Khusaenov and partner Nikolay Shestak to discuss the private equity fund’s investment approach, the current set of challenges ...

The Central Bank of Cyprus (CBC) this week released an updated report indicating a significant reduction in non-performing loans (NPLs) by €105 million, a drop of 4.6 per cent of the total ...

The CFA Society Cyprus, a local chapter of the CFA Institute, on Thursday, presented its priorities regarding developments in the Cypriot economy and its key action pillars through strategic partnerships ...

The Nicosia tourism board (Etap) announced this week that it is participating in the Food Zone project, which aims to support the skills of food producers, SMEs, and the local ...

Bahrain’s state investment fund Mumtalakat is buying preference shares and warrants worth 400 million pounds ($510.48 million) in carmaker McLaren from Saudi Arabia’s Public Investment Fund (PIF) and Ares Management (...

The Central Bank of Cyprus has maintained its growth forecast at 2.6 per cent, citing positive developments which have mitigated the fallout from the sanctions imposed on Russia. The Central Bank ...

In commemoration of World Seafarers’ Day, the Cyprus Shipping Chamber (CSC) this week organised its first blood donation event of the year, a tradition it has maintained for the past 30 ...

President Nikos Christodoulides on Thursday presided over a roundtable discussion at the Presidential Palace with foreign investors, jointly organised by the government and national promotional agency Invest Cyprus. The event ...

Cyprus Airways this week announced that it is upgrading its fleet with the advanced A220 aircraft, which offers increased efficiency and further enables the company’s direction toward improved sustainability. ...

The Bank of England raised interest rates by a bigger-than-expected half a percentage point on Thursday after it said there had been “significant” news suggesting British inflation would take longer ...

Brexit has been an “economic disaster” for trade and investment ties between the United Kingdom and Germany, leading to a fall in German direct investment and seeing the UK decline ...

British banks are gearing up to share more data with their peers on suspected serious economic crime as part of wider efforts to stem dirty money flows into the country ...

A group of Credit Suisse AT1 bondholders has filed a class action suit accusing former executives at the Swiss bank, including three past chief CEOs, of being responsible for the ...

Turkey’s central bank is expected to raise its policy rate sharply on Thursday in a strong signal that re-elected President Tayyip Erdogan has accepted some steps toward economic orthodoxy ...

The Cypriot banking system presents the lowest rate of transmission of increased interest rates to deposit rates, according to an analysis report released this week by rating agency DBRS Morningstar, ...

The Career Success Centre at the University of Nicosia recently concluded a series of highly successful career exhibitions, focusing on the fields of business administration, health sciences, accounting, informatics, and ...

The net interest income of the Cypriot banking system nearly doubled in the first quarter of 2023 compared to the corresponding period last year, showing an increase of 85.7 per cent or €182.71 ...