#business

National Bank of Greece (Cyprus) on Thursday announced that George Agioutantis has been appointed to the position of managing director and executive member of the board of directors of the ...

A major purchase by Saudi Arabia caps sales of almost 200 Dreamliners over the past four months, handing Boeing Co (BA.N) major industrial and political wins in lucrative widebody sales ...

Fears of a recession are growing on Wall Street, as stress in the banking sector following the collapse of Silicon Valley Bank and worries over the fate of Credit Suisse ...

The European Central Bank raised interest rates by 50 basis points on Thursday as promised, ignoring financial market chaos and calls by investors to dial back policy tightening at least until ...

Oil prices clawed back some ground on Thursday after sliding to 15-month lows in the previous session as markets calmed somewhat after Credit Suisse (CSGN.S) was thrown a financial ...

The Ministry of Finance announced on Thursday that 1,318 applications have been submitted, potentially qualifying for loans totalling €131.1 million under the Oikia housing scheme. This scheme was designed to help manage ...

President Nikos Christodoulides and Finance Minister Makis Keravnos are in constant contact with the governor of the Cyprus Central Bank as of Thursday, following a 30 per cent slump in shares ...

The euro and Swiss franc regained some lost ground on Thursday, as markets reacted positively to the Swiss central bank’s support for Credit Suisse, ahead of a difficult meeting ...

Director General of the Deputy Ministry of Research, Innovation and Digital Policy, Stelios Himonas this week said that Cyprus is focusing on digital skills and access to Gigabit connectivity, stressing ...

State-owned Cyprus Asset Management Company (Kedipes) on Wednesday reported record cash inflows of €439 million for 2022, as well as a state aid repayment amount of €310 million, since the company’s creation ...

The Synthesis Centre for Research and Innovation announced this week that is proceeding with the launch of the Cyprus Forum for Social Innovation, which is expected to help promote social ...

Deputy Minister of Shipping Marina Hadjimanoli on Wednesday met with Limassol mayor Nicos Nicolaides, during which they touched on matters related to the Cypriot shipping sector. The Limassol mayor congratulated ...

Danish brewer Carlsberg (CARLb.CO) denied on Wednesday a media report that said the company had agreed to sell its Russian business to Turkish rival Anadolu Efes (AEFES.IS). Russian ...

The world’s largest green business ideas competition returns for the tenth consecutive year in Cyprus and invites students, start-ups, entrepreneurs and researchers to submit their cleantech business idea. ClimateLaunchpad ...

Four companies licensed by the Cyprus Securities and Exchange Commission (CySEC) banked with Silicon Valley Bank (SVB) and Signature Bank, the two US banks which recently collapsed, according to statements ...

Europe’s bank stocks came under pressure again on Wednesday, with Credit Suisse (CSGN.S) tumbling to a new low, as investors continued to worry about stresses within the sector ...

European Central Bank policymakers are leaning towards a half-percentage-point rate hike on Thursday, as the banking sector turmoil is dissipating, the eurozone economy is picking up strength and inflation is ...

KPMG’s US boss, Paul Knopp, said the accounting firm stood behind its audits of Silicon Valley Bank (SIVB.O) and Signature Bank (SBNY.O), the Financial Times reported on ...

National flag carrier Cyprus Airways on Wednesday announced its winter flight schedule for 2023, during which it will be flying to 13 destinations with 51 weekly flights. According to the announced schedule, the ...

The collapse of Silicon Valley Bank has reverberated around the world, sending shockwaves through the global economy, with numerous companies in the US, Europe and the Asia-Pacific region being directly ...

State-owned Cyprus Asset Management Company (Kedipes) on Tuesday an interest rate subsidy for restructured loans with the base rate of the European Central Bank, so that the interest rates do ...

Britain’s NatWest (NWG.L) has imposed new limits on the daily and monthly amount customers can send to cryptocurrency exchanges, seeking to protect consumers from “crypto-criminals”, the bank said ...

Extreme volatility is rattling US Treasury markets in the wake of Silicon Valley Bank’s (SIVB.O) collapse and investors fear a prolonged bout of gyrations before calm returns to ...

Top cryptocurrency bitcoin hit a nine-month high of $26,533 on Tuesday, in its fourth consecutive day of gains, as it appeared to benefit from chaos in global markets following last week’...