Stay informed with the latest business and economy news from Cyprus and around the globe. This section covers key developments in finance, energy, tourism, technology, entrepreneurship and the corporate sector.
Within the industrial landscape, numerous operations rely on the controlled movement of liquids. A key player in this field is the diaphragm pump. This pump stands out from traditional options ...
In recent years, cryptocurrencies have transcended their initial perception as mere speculative assets, evolving into practical tools that can significantly enhance financial inclusion. For businesses, especially those in sectors like ...
Russia will carefully consider how to respond to the European Union’s transfer to Ukraine of 1.5 billion euros taken from the proceeds of frozen Russian assets, Kremlin spokesman Dmitry Peskov ...
Turkey’s central bank is not even considering a rate-cutting cycle at this time because easing too early could reignite inflation and extend the pain for an economy on the ...
Cyprus experienced an overall decline in the sales of petroleum products during June, which amounted to 127,395 tonnes, marking a 4.1 per cent decrease compared to June 2023, according to the latest figures ...
The Bank of England’s first interest rate cut since 2020 hangs in the balance next week, with greater uncertainty than usual as key policymakers have not spoken publicly for more ...
The Central Bank of Cyprus (CBC) on Friday announced that it has set the reference interest rate at 11.76 per cent.
In a statement, the Central Bank of Cyprus said that, ...
Oil prices were little changed on Friday but on track for a third consecutive weekly decline, pressured by muted demand in China and expectations of a Gaza ceasefire deal that ...
Eurozone consumers stopped reducing their inflation expectations in June after four consecutive monthly falls, a European Central Bank survey showed on Friday.
The ECB’s Consumer Expectations Survey is one ...
Despite a challenging year, Cyprus managed to see an increase in both tourist arrivals and revenues in the first half of the year, Deputy Tourism Minister Kostas Koumis said, while ...
Due to the numerous trade obstacles in the financial industry, working with carriers is always aware of the difficulties associated with using financial instruments related to these entries. On the ...
To ease off financial activities, low inertia has become critical during the construction of Odrax Group’s trade site. It is major for conveying a very rapid, important, and strong ...
The first investments from the Cyprus Equity Fund, established by the Cypriot government in collaboration with the European Investment Fund (EIF), are expected to commence in the autumn, it emerged ...
US existing home sales fell more than expected in June as the median house price set another record high, but improving supply and declining mortgage rates offered hope that activity ...
Visa’s (V.N) third-quarter revenue growth fell short of Wall Street targets in a rare miss for the world’s largest payments processor as steep borrowing costs limited consumer ...
A new law could help Argentina regulate its booming cryptocurrency market as the country aims to reduce risks such as money-laundering associated with the digital assets, experts say.
In the ...
The first investments from the Cyprus Equity Fund, established by the Cypriot government in collaboration with the European Investment Fund (EIF), are expected to commence in the autumn, it emerged ...
The Central Bank of Cyprus (CBC) on Thursday published its monetary and financial institutions (MFIs) report for June 2024, detailing deposits and loan statistics for the month under review.
According to ...
Four high street banks, HSBC, Lloyds, TSB and Allied Irish Bank (AIB), broke Britain’s competition rules, the Competition and Markets Authority said in a statement on Thursday.
It did ...
Money management app Plum, which has offices in Nicosia, Athens and London, announced this week that it raised more than £16 million in its Series B round.
Series B financing is ...
Loan disbursements from international financial institutions have reached €92.75 million so far in 2024, according to a statement released on Thursday by the Public Debt Management Office (PDMO).
The office explained that ...
The Paphos Regional Tourism Board (Etap) this week introduced a new application that brings the myth of Aphrodite to life using audiovisual means, after it had previously identified a need ...
“We all need to be cautious when discussing our country’s tourism sector, which is vital to the daily lives of tens of thousands of our fellow citizens,” according to ...
Barcelona cannot absorb an ongoing, unbridled growth in the number of tourists and has to impose restrictions so as not to become a “theme park” without residents, the mayor of ...