#business

The Cyprus Tourist Enterprises Association (Stek) on Wednesday issued a warning about the unchecked operation of short-term rentals and the escalating influx of tourists into the occupied areas, highlighting “asymmetric ...

The proposed measures by the government aimed at reducing non-performing loans (NPLs) will not effectively contribute to their reduction, the Association for the Protection of Bank Borrowers (Syprodat) said in ...

The Cyprus Chamber of Commerce and Industry (Keve), a member of the Enterprise Europe Network Cyprus, on Wednesday extended an invitation to an exclusive seminar designed to equip Cypriot companies ...

Qatar Airways is optimistic about Brazil and the overall Latin American market as part of a global network expansion strategy on the heels of a World Cup-driven surge for its ...

The spokesperson of the Association of Cyprus Banks Andreas Costouris on Wednesday stated that the association does not agree with how Finance Minister Makis Keravnos is presenting the situation surrounding ...

A big selloff that pushed US borrowing costs to 15-year highs left euro zone bonds relatively unscathed in August, reflecting investor bets the bloc’s economic growth and funding needs ...

Nvidia Corp’s (NVDA.O) soaring rally has thrilled investors this year – except for the sizeable number of fund managers who avoided what they believe to be an expensive stock. ...

Hellenic Bank announced on Wednesday that it posted a profit of €160.2 million during the first half of 2023, a result that underscores the resilience of its business model amidst a challenging ...

The Cyprus Research & Innovation Foundation (Idek) on Tuesday announced a groundbreaking opportunity for the Cypriot startup, innovation and research ecosystem, allowing successful applicants to engage in international collaborations. According ...

The Cyprus fuel sector experienced a notable 9.7 per cent increase in total sales during July 2023 in comparison to the same period in 2022, according to a report released this week. This ...

Norway’s latest offshore oil and gas exploration licensing round attracted bids from 25 companies, including Shell , ConocoPhillips (COP.N), Aker BP (AKRBP.OL) and Equinor (EQNR.OL), the energy ministry ...

Japan may be at an inflection point in its 25-year battle with deflation as price and wage rises show signs of broadening, the government said on Tuesday, signalling its conviction ...

After experiencing a notable increase over the past two months, both deposits and loans in the Cypriot banking system witnessed a decline in July 2023. According to data released this week ...

The Cyprus Association of Tourism Enterprises (Stek) and the Crete regional authority joined forces on Tuesday in an effort to enhance and diversify their tourism product while extending the tourist ...

Oil prices were little changed on Tuesday as investors weighed the enduring possibility of another US interest rate hike undercutting demand against supply concerns emanating from a hurricane hurtling towards ...

The post-pandemic trend of people prioritising travel could be a more permanent change in consumers’ spending habits, the head of Ireland’s largest hotel group Dalata (DHG.I) said on ...

Toyota Motor Corp (7203.T) on Tuesday said it has suspended operations at all 14 of its assembly plants in Japan due to a production system malfunction, bringing domestic output to a ...

In years past, Siberian Viktor Motorin could hop on a plane and arrive in Crimea just four hours later to relax at his holiday apartment. Now he must fly first ...

Record levels of government debt, geopolitical tensions that threaten to split the global trading system, and the likely persistence of weak productivity gains may saddle the world with a slow-growth ...

National flag carrier Cyprus Airways on Monday announced a remarkable 70 per cent surge in passenger numbers in July, transporting a total of 77,656 passengers, compared to 45,578 passengers during the same month ...

British consumers’ mood perked up this month as lower inflation made individuals less downbeat about the outlook for their personal finances, although sentiment remained poor overall due to concern about ...

Dubai-owned ports giant DP World [RIC:RIC:DPWRD.UL] will invest around $510 million to build a new container terminal at the Kandla port in the Indian state of Gujarat, its ...

Tesla Inc (TSLA.O) is set to defend itself for the first time at trial against allegations that failure of its Autopilot driver assistant feature led to death, in what ...

International credit rating agency Fitch recently released a piece of analysis on the acquisition of Hellenic Bank by Greek lender Eurobank, with the agency noting that the completion of all ...