#business

Net new loans in Cyprus decreased by €71.2 million in August 2023, compared to July 2023, according to the latest data from the Central Bank of Cyprus (CBC). According to the report, net ...

Sandal company Birkenstock needs to sell more clogs and boots and boost sales from its own website and boutiques to attract new shoppers amid a cost of living crisis, investors ...

In the vibrant waters of the Eastern Mediterranean, the Cypriot shipping industry has long been a maritime powerhouse, both historically and in the modern era As we embark on a ...

Russia has overtaken the United Arab Emirates (UAE) to become India’s top naphtha supplier, data shows, as New Delhi takes advantage of discounted Russian oil products and the re-routing ...

Oil prices inched up on Thursday, clawing back some of the previous session’s big losses after an OPEC+ panel maintained oil output cuts to keep supply tight, though an ...

Chief Executive Officer Tim Cook made $41.5 million after taxes in his biggest share sale in two years, a U.S. securities filing showed. Cook sold 511,000 shares, which were worth about $87.8 ...

TechIsland, Cyprus’s leading tech association, on Thursday released a statement announcing that Ugne Buraciene, Group Chief Executive Officer of payabl., has officially joined its board of directors, effective as ...

By Kyriacos Nicolaou In this exclusive interview, Timur Turlov, a visionary leader and CEO, delves into his triumphant journey in the world of finance. It all began in 2008 amidst the ...

Cyprus’ banking sector has seen its net interest income double in the first half of 2023, marking a 100 per cent increase compared to the same period last year. This surge is ...

Mie Kawamata dreamed of owning a home where she could tend a small garden and her 1-year-old daughter could play outside, yet still be close enough to commute to central ...

Car sales in Russia jumped by 148.6 per cent year-on-year in September, continuing to rebound from a huge slump in 2022, analytical agency Autostat said on Wednesday, with Chinese brands expanding their ...

Freedom Finance Europe announced this week that it will be hosting the Annual Financial Markets Forum (AFMF) in Cyprus for the second year in a row, with the event taking ...

The Vice President of the European Central Bank (ECB) Luis de Guindos on Wednesday praised the notable improvement in Cyprus’ economy and its recent upgrade by two credit rating agencies ...

France is reluctant to delay post-Brexit tariffs that are set to hit electric vehicles traded between Britain and the European Union, French government sources said, in a move that could ...

The world’s biggest bond markets are in the throes of another rout as a new era of higher for longer interest rates takes hold. In the US Treasury market, ...

Resurgent oil prices hurting a deteriorating economy and renewed concerns about Italy’s fiscal position mean headwinds for the euro are getting stronger, raising the risk of a move back ...

Turkish annual consumer price inflation climbed to 61.53 per cent in September, official data showed on Tuesday, just below expectations and rising for a third consecutive month in response to recent ...

Cyprus witnessed a notable increase in house prices during the second quarter of 2023, with the House Price Index (HPI) rising by 3.2 per cent during this time, compared to the same ...

Cyprus has witnessed a decrease of €83 million in non-performing loans (NPLs) in the local banking system at the end of June, dropping from €2.19 billion to €2.11 billion, compared to the previous ...

The retail industry in Cyprus experienced significant growth in August 2023, with the Retail Trade Turnover Index showing a remarkable increase of 10.1 per cent, compared to the same month in the ...

The European Central Bank has done enough for now to combat inflation but a further increase in interest rates later on cannot be ruled out, Bank of Finland board member ...

British online fashion retailer Boohoo (BOOH.L) slid to a loss after revenue fell 17 per cent in its first-half and said a slower than expected recovery in sales volumes could ...

British baker and fast food chain Greggs (GRG.L) kept its full-year outlook as underlying sales rose in the third quarter and it won market share, showing the resilience of ...

The development of cottage industries in Cyprus is virtually non-existent, MPs said on Tuesday, proposing ways to promote the marketing of traditional Cypriot products. Lawmakers heard, for example, that to ...