#BusinessTop

By Ioannis Tirkides Wars are highly uncertain events and never go as initially planned. This one in Ukraine is no exception. Russia was surprised by the resistance it met in ...

Elon Musk suggested that a lower price for Twitter Inc (TWTR.N) may be appropriate as he and CEO Parag Agrawal quarreled over the company’s estimates of spam accounts ...

Cyprus should expect higher joblessness and further inflation in 2022, which is also expected to impact the recovering tourism sector, but the economy should improve next year, according to the EU’...

Some Western companies have agreed to sell their Russian assets or hand them over to local managers as they scramble to comply with sanctions over the Ukraine conflict and deal ...

Russia’s biggest airline, Aeroflot (AFLT.MM), said on Friday it had bought eight Airbus A330 aircraft from foreign leasing companies “as part of the fulfilment of contractual obligations”. More ...

An open letter outlining a range of measures for the government to implement, sent on Wednesday by the Cyprus Chamber of Commerce and Industry (Keve), has sparked a fierce reaction ...

The government will continue supporting households and especially the vulnerable amid the rising inflation, Finance Minister Constantinos Petrides had told CNA, warning that tackling inflation is difficult due to its ...

A Moscow law firm that has filed cases against Apple and Netflix over what it says are consumer rights violations is aiming to “punish” other Western companies that have quit ...

Finance Minister Constantinos Petrides on Thursday defended the government’s actions to deal with the recent rise in consumer prices, saying that the measures that have been taken so far ...

Siemens (SIEGn.DE) will quit the Russian market due to the war in Ukraine, it said on Thursday, taking a 600 million euro ($630 million) hit to its business during the second ...

Council for Registration of Real Estate Agents president Marinos Kineyirou on Wednesday said that the Cypriot property market is not currently going through a bubble, despite the concession that prices ...

Blockchain needs its own music industry ‘MP3′ moment as fragmented regulation and technology hamper the development of a digital securities industry that could help realise its full potential, industry officials ...

The Cabinet of Ministers on Tuesday approved a new tax incentives scheme aimed at attracting foreign companies and high-quality workers to Cyprus. The scheme also seeks to repatriate Cypriot professionals ...

German officials are quietly preparing for any sudden halt in Russian gas supplies with an emergency package that could include taking control of critical firms, three people familiar with the ...

Greek oil and gas company Energean on Monday announced the discovery of a commercially exploitable natural gas field in Israel’s exclusive economic zone (EEZ), with Cyprus being considered as ...

The dollar hit a two-decade high on Monday as investors searched for safety and yield in the face of growing concern over slowing global economic growth and rising interest rates. ...

The need to secure new sources of metals for the energy transition amid sanctions on top producer Russia has increased the Africa risk appetite for major miners, who have few ...

Almost half the shortfall in planned oil supply by OPEC and its allies is down to Nigeria and Angola, data seen by Reuters shows, reflecting a number of factors including ...

Cypriot authorities are expected to submit a formal request to the EU’s Directorate General for Competition for the implementation of the European Commission’s ‘mortgage to rent’ scheme in ...

The European Central Bank should raise its deposit rate back into positive territory this year, French central bank chief Francois Villeroy de Galhau said on Friday, comments that point to ...

Governor of the Central Bank of Cyprus Constantinos Herodotou said on Thursday that the banking sector of Cyprus faces the effects of the Russian invasion of Ukraine from a financially ...

The non-performing loan ratio (NPL) of the Cypriot banking sector increased in January, according to a report by the Central Bank of Cyprus released on Thursday. The NPL ratio rose ...

The European Union has proposed a phased embargo of Russian oil, tightening its sanctions on Moscow for its invasion of Ukraine. What would the impact be of banning Russian barrels ...

President Anastasiades earlier this week said that Turkey’s ban on Cyprus-flagged vessels is an ongoing source of frustration for the local shipping industry, labelling the embargo a ‘thorn in ...