#BusinessTop

The European Central Bank will raise interest rates again on Thursday and likely reel in a key subsidy to commercial banks, taking another big step in tightening policy to fight ...

Council for Registration of Real Estate Agents president Marinos Kineyirou this week said that the domestic property market continues to exhibit great resilience, although he conceded that the various concurrent ...

Finance Minister Constantinos Petrides on Wednesday said the decision on a possible foreclosure suspension now lies with the House, warning, however, that amidst rising rates, there is a danger that ...

Cypriot mining company Venus Minerals on Tuesday released a statement explaining that Cyprus can help the European Union achieve its raw material strategic objectives by providing it with copper. “The ...

For more than a decade since the global financial crisis, central bankers pumped trillions of dollars of cheap money into the financial system to keep the economy afloat. Now that ...

Toyota (7203.T) is considering a reboot of its electric-car strategy to better compete in a booming market it has been slow to enter, and has halted some work on existing ...

RCB Bank announced on Monday it will relinquish its banking licence – a formality completing the lender’s transformation into an asset management company. The decision was taken by the bank’...

Finance Minister Constantinos Petrides on Monday defended the 2023 state budget as being a “responsible” one, with substantially augmented spending on social assistance as well as growth-oriented projects. He was speaking ...

The US government on Friday reported that its fiscal 2022 budget deficit plunged by half from a year earlier to $1.375 trillion, due to fading COVID-19 relief spending and record revenues fueled ...

Cyprus has coped well with the two shocks of the pandemic and the war in Ukraine, taking advantage of the reforms implemented and its strong fiscal position, head of the ...

US firms developing a new generation of small nuclear power plants to help cut carbon emissions have a big problem: only one company sells the fuel they need, and it’...

International rating agency Capital Intelligence on Saturday announced that it has upgraded the long-term rating of Cyprus in foreign currency to “BBB-“, from “BB+”. At the same time, the agency ...

The world’s top automakers are planning to spend nearly $1.2 trillion through 2030 to develop and produce millions of electric vehicles, along with the batteries and raw materials to support that ...

The International Air Transport Association (IATA) this week announced its upcoming world passenger symposium will focus on unlocking value creation by adopting a customer-first approach. The symposium, which is scheduled ...

Oil prices gained around $1 on Thursday as investor sentiment rose on news that China is considering a cut in the duration of quarantine for inbound visitors. Brent crude futures for ...

A Russian lawmaker on Wednesday urged state institutions to stop using WhatsApp messenger and the industry ministry sought to promote domestically produced software as Russia tries to wean itself off ...

ExxonMobil director of frontier exploration Tristan Aspray on Wednesday called for the necessary level of support from Eastern Mediterranean countries in order to achieve an increase in natural gas production ...

Energy Minister Natasa Pilides said on Wednesday that Cyprus is making great strides towards reaching energy self-sufficiency and a competitive internal gas market. “At the same time, we are also ...

Cyprus-based travel technology startup JourneyHero earlier this month announced that it has entered into new partnerships that will enable the company to expand its in-app travel options for users. “JourneyHero, ...

Cyprus Energy Regulatory Authority (CERA) chairman Andreas Poullikkas on Tuesday said that the EU has for many years been devising a sustainable energy strategy to tackle climate change and strengthen ...

Tourist arrivals in September 2022 increased by 21.9 per cent compared to last year’s corresponding period, with the majority of tourists being from the United Kingdom, according to a report released ...

The University of Cyprus’ Economics Research Centre (CypERC) on Monday released its updated economic outlook report, noting that real GDP growth in 2022 is projected at 4.9 per cent, up by 2 percentage ...

European Union leaders meeting at the end of this week will explore a range of options for gas price caps, over which they have been divided for weeks, according to ...

By Andreas Charalambous & Omiros Pissarides The Kingdom of Saudi Arabia (SA) is an example of a state, whose economic and foreign policies have traditionally centered around its natural wealth. ...