#BusinessTop

Higher margins not wages driving inflation, data shows ECB policymakers debated issue at Arctic retreat – sources Data may help case against more rate rises – analysts Huddled in a retreat in ...

Cyprus is among the top ten countries for people to retire to, with a focus on affordability, according to a study released on Wednesday by one of the UK’s ...

Hellenic Bank on Wednesday released its financial results for 2022, posting a full-year profit of €24.2 million, marking a rise of 307 per cent year-on-year. In addition, it managed to further de-risk its ...

US payment giants Visa (V.N) and Mastercard (MA.N) are slamming the brakes on plans to forge new partnerships with crypto firms after a string of high-profile collapses shook ...

The two major earthquakes which hit Turkey on Feb. 6 caused about $34.2 billion in direct physical damage, but total reconstruction and recovery costs facing the country could be twice as high, ...

Switzerland’s financial regulator has investigated 12 banks and launched enforcement proceedings against two of them in relation to corruption charges against longtime central banker Riad Salameh, it said on Monday. ...

Needed to clean up road transport, battery-powered vehicles might also act as stored energy that the car owners could sell to electricity networks. By Helen Massy-beresford While drivers considering an ...

Businesses and organisations must adopt a holistic approach and utilise all of the tools at their disposal, if they wish to remain competitive, according to a number of experienced industry ...

CIMA: ‘new minister should focus on seasonality, connectivity and marketing’ The Cyprus Incentives and Meetings Associates (CIMA) has called for president-elect Nicos Christodoulides to carefully consider his appointment of a ...

He can’t pour tequila fast enough. Premium shots. Margaritas. Palomas. The occasional sunrise. “We definitely run out every weekend,” says Shubham Walavalker, a 24-year-old bartender, who’s struggling to ...

The European Investment Bank (EIB) this week announced that new financing agreements signed in Cyprus for the year 2022 amounted to €250 million, with all of them relating to green projects. In 2022, ...

Banks’ shares have stumbled as they forecast pressure on margins Central bank policy rate has risen to 4 per cent, after decade near zero Deposit rates have not risen as fast ...

Various indicators only serve to confirm previous forecasts expecting the Cypriot economy to experience a slower growth rate throughout 2023, while managing to avoid a recession, according to a report released ...

Britain’s big supermarkets say they have never been more competitive on price, yet their customers are still flocking to German-owned discount stores Aldi and Lidl. And the discounters’ supermarket ...

The Cyprus University of Technology (Tepak) this week announced that a research team under its nursing department has been selected to participate in the Cyprus Seeds programme, one of only ...

Russian banks have rallied after an initial hit from last year’s Western sanctions against Moscow, with lenders now jostling for business from the state, particularly a burgeoning defence budget, ...

Cyprus successfully navigated three periods of serious calamity, outgoing president Nicos Anastasiades said on Monday, during an event held in his honour by the Cyprus Chamber of Commerce and Industry (...

The Bank of Cyprus on Monday released its preliminary financial results for 2022, posting a profit after tax of €71 million for the entire year, marking a considerable increase over the €30 million ...

British consumers unexpectedly increased their shopping in January, but the big picture remains one of weak demand from inflation-hit households relying more on discounts at retailers to make ends meet. ...

The EU will soon be able to see more clearly the wider outcomes of its clean-energy drive. A new tool will help predict numerous features of a low-carbon society. It ...

A European Union initiative to secure critical raw materials and bolster supply chains could prove pivotal in rejuvenating Cyprus’ mining sector, according to Cypriot mining company Venus Minerals. “The Critical ...

Tourist arrivals to Cyprus amounted to 90,549 visitors in January 2023, compared with 43,944 during the same month of 2022, marking an increase of 106.1 per cent year-on-year, according to a report released on Friday ...

Financial sanctions against Russia have strangled its banks’ profits and wrecked many lenders’ international operations, but one year after Moscow sent its troops into Ukraine how much do they matter ...

The real estate sector in Paphos experienced a double-digit increase in sales during 2022, with the volume of transactions rising by 31 per cent year-on-year, according to PwC Cyprus’ latest edition of ...