#business

The Cyprus Fiscal Council on Friday said that it expects increased pressures on the macro economy for 2023, with forecasts slightly more unfavourable than those of the Ministry of Finance, in ...

Lending criteria became tighter during the third quarter of 2022 in Cyprus, both for businesses and households, according to a bank lending survey conducted by the Central Bank of Cyprus (CBC). ...

The chairman of the Bank of Cyprus’ board of directors Takis Arapoglou this week proceeded with the purchase of 60,000 Bank of Cyprus shares. Based on stock market updates, the purchases ...

By Andreas Charalambous and Omiros Pissarides During the period 2010-2020, the prices of conventional forms of energy (coal, oil, natural gas) remained at historically low levels, mainly reflecting the markets’ ...

British house prices will fall in 2023, putting an end to years of bumper rises, but a large crash was unlikely despite the cost of living crisis and increased borrowing costs ...

Europe’s retailers are hoping Black Friday discount day will get shoppers spending, though it is taking place against a backdrop of a worsening cost-of-living crisis and the distraction of ...

Oil prices rose in Asia on Friday, despite thin market liquidity, after a week marked by worries about Chinese demand and haggling over a Western price cap on Russian oil. ...

In 2021, the labour market slack, which comprises all people who have an unmet need for employment, amounted to 15.0 per cent of the extended labour force among people aged 15 to 74 years ...

Manchester United’s owners, the Glazer family, are considering selling the club as they explore “strategic alternatives”. If the Glazers decided to follow through with the sale of the Old ...

The Committee of Experts on the Evaluation of Anti-Money Laundering Measures and the Financing of Terrorism, also known as Moneyval, on Friday released its latest report on Cyprus’ compliance with ...

Lebanon’s central bank has completed an audit of its gold reserves at the request of the International Monetary Fund that found the amount of gold in its vaults was ...

The Paphos regional board of tourism (Etap) this week travelled to Poland in order to promote the district as a tourist destination by engaging with local tourist industry stakeholders. The ...

Finance Minister Constantinos Petrides on Thursday addressed the first annual Financial Markets Forum, speaking on a number of issues, including recent economic developments, the evolution of the financial sector, growth ...

Cryptocurrency exchange Binance said on Thursday it was committing $1 billion to establishing an industry recovery initiative (IRI) to invest in companies from the digital assets sector. The move comes at ...

Ghana’s government is working on a new policy where gold rather than US dollar reserves will be used to buy oil products, Vice-President Mahamudu Bawumia said on Facebook on ...

The Ministry of Energy, Commerce and Industry on Thursday announced that minister Natasa Pilides travelled to London on Wednesday in order to lead a mission representing Cyprus at a business ...

The government of El Salvador, the first country in the world to adopt bitcoin as legal tender, is seeking congressional approval to issue investment bonds in the cryptocurrency. El Salvador’...

Oil declined on Thursday, hovering around two-month lows, as the Group of Seven(G7) nations’ proposed range for a price cap on Russian oil was higher than current trading levels, ...

Two Estonian citizens were arrested in Tallinn, Estonia, on an 18-count indictment for their alleged involvement in a $575 million cryptocurrency fraud and money laundering conspiracy, the US Justice Department said ...

Nestle (NESN.S) will invest 7 billion Saudi riyals ($1.86 billion) in Saudi Arabia over 10 years, the kingdom’s investment ministry said on Twitter on Wednesday. The ministry added it signed a ...

El Al Israel Airlines (ELAL.TA) reported on Wednesday its second straight quarterly net profit, saying its revenue was almost on pace with pre-COVID pandemic levels. Helped by a $38 million ...

Cypriot mining company Venus Minerals board member and economic geologist Demetrios Constantinides earlier this week said that Cyprus can use modern tools to recover critical minerals from its mine tailings. ...

The Cyprus Shipping Chamber (Kne) held its monthly general meeting on Wednesday, during which it closely examined and discussed the eighth package of sanctions against Russia, as it is expected ...

Credit Suisse (CSGN.S) expects a pre-tax loss of up to 1.5 billion Swiss francs ($1.58 billion) in its fourth quarter as it keeps bleeding cash, the Swiss bank said on Wednesday, ...