#BusinessTop

By Yiannis Seitanides The revision of GDP figures at current prices for 2021, brought Cyprus’ GDP to an all-time high of €23.43 billion during the previous year. Moreover, during this time, the ...

Refiners are planning to spend the summer increasing jet fuel and diesel production instead of gasoline, traders and analysts said, favouring what have historically been the least profitable parts of ...

Hellenic Bank on Thursday posted its financial results for the previous year, showing a loss of €11.7 million for 2021. This primarily reflects impairment losses related to the completion of Project Starlight, ...

Global information technology and other related professional services revenue is estimated to grow by 5.6 per cent in 2022, according to a report by industry analysts International Data Corporation (IDC) released this ...

Oil prices rebounded on Wednesday from sharp losses in the previous session as concerns about tighter supplies from Russia and Libya dominated, while industry data showed a drop in US ...

Property sales in Cyprus reached €1.3 billion during the first quarter of 2022, according to a report by the land registry released on Tuesday. “The land registry data reflects the dynamic momentum ...

Carmaker Stellantis (STLA.MI) said on Tuesday it was suspending production at its Russian plant due to logistical difficulties and sanctions imposed on Moscow. The world’s fourth-largest automaker, which ...

Wall Street banks’ commodities trading exposures are rising, which could leave them vulnerable to large swings in asset values following Russia’s invasion of Ukraine, first quarter earnings disclosures showed. ...

British employers are offering annual pay settlements worth an average increase of 2.8 per cent to staff, well below the rate of inflation, a survey showed on Monday. The Chartered Management ...

US stock investors worried geopolitical uncertainty and the Federal Reserve’s fight against inflation could dent economic growth are heading for defensive sectors they believe can better weather turbulent times ...

By Kathy Tzilivakis Often there’s a spark of inspiration or a flash of insight. Whatever it is, these ‘Aha!’ or ‘Eureka’ moments have led to some of the world’...

‘Everyone is talking to everyone else right now’ With the energy picture in the region in flux due to the Ukraine war and the global pressure to end dependence on ...

6 in 10 businesses said that they will partially pass on increased costs to consumers Cypriot businesses are expecting their turnover to suffer from the adverse effects of the war in Ukraine ...

Moody’s said Russia may be in default because it tried to service its dollar bonds in roubles, which would be one of the starkest consequences to date of Moscow’...

The Cypriot economy continues to show signs of growth, improving its performance over the previous year, but external factors are contributing to a loss of momentum, according to a report ...

Russian companies and global banks including BNY Mellon, Deutsche Bank, Citigroup and JPMorgan could profit if Moscow moves to de-list Russian companies’ depositary receipts from foreign exchanges, according to two ...

The Cyprus property market prices recovered during the fourth quarter of the previous year, boosted by high local demand, according to the Central Bank of Cyprus’ residential property price index ...

Elon Musk was sued on Tuesday by former Twitter Inc (TWTR.N) shareholders who claim they missed out on the recent run-up in its stock price because he waited too ...

British employees with the smallest monthly pay packets are also receiving the lowest annual salary rises, intensifying the cost-of-living squeeze faced by the poorest households, tax data showed on Tuesday. ...

By Kyriacos Nicolaou and Elias Hazou Inflation is probably here to stay, Finance Minister Constantinos Petrides said on Tuesday, voicing doubts about the planned transition to ‘green energy’. He made ...

A crypto platform’s pledge to amass $10 billion worth of bitcoin to back its own “stablecoin” is firing up the market. It’s part of a wider movement to crown ...

Turkey’s current account registered a deficit of $5.15 billion in February, more than double the amount in the same month last year, data from the central bank showed on Monday, ...

Hellenic Bank on Monday announced that it has entered into an agreement for both the sale of a non-performing exposures portfolio, as well as the bank’s servicing platform APS ...

The Russian government said on Sunday it has increased its reserve fund used for emergency spending by 273.4 billion roubles ($3.52 billion) to ensure economic stability against the backdrop of Western sanctions ...