Business

By Maria Demertzis The Recovery and Resilience Facility (RRF), the main component of the European Union’s post-COVID-19 Next Generation EU programme, was adopted two and a half years ago. ...

President Nicos Anastasiades on Friday night stressed that his government will not give into new demands that will affect the financial stability of the island for the sake of popularity ...

Bilateral trade between China and Cyprus in the first nine months of 2022 was worth €651 million and has more than doubled compared with last year with a hike of 54.9 per cent. ...

Parliament’s decision to extend foreclose freezes until January 2023 is “ridiculous” and exposes Cyprus for no reason, Bank of Cyprus group chief executive Panicos Nicolaou said on Friday. “This is ...

Bank of Cyprus reported a €9 million net loss for the first nine months of 2022, largely due to the voluntary staff exit plan and its respective one-off cost of €101m recorded ...

The roots of the lottery culture can be traced to the Roman Empire where emperors used to host parties and gift their guests in the form of a lottery. The ...

British retail sales staged only a partial rebound last month after shops closed in September for the funeral of Queen Elizabeth, and they remained below their pre-pandemic level as soaring ...

Built on the Ethereum blockchain, both ApeCoin (APE) and The Sandbox (SAND) rate among the top performers of the metaverse coins. ApeCoin currently has a market cap of $1.4 billion, and ...

Hundreds of Twitter employees are estimated to be leaving the beleaguered social media company following an ultimatum from new owner Elon Musk that staffers sign up for “long hours at ...

A lawsuit by FTX account holders in the United States is likely the first of many that will be brought over billions of dollars in losses on the cryptocurrency exchange, ...

President Nicos Anastasiades said on Thursday Cyprus would continue with its energy policies, despite any provocation or threat face from Turkey. “Cyprus does not object to Turkey’s participation. We ...

British Chancellor Jeremy Hunt announced a string of tax increases and tighter public spending in a tough budget plan on Thursday that he said was needed after the blow dealt ...

When we were in school, people used to land a job and stay with it until they retired. Those times have long since passed. People today need to be quick ...

By Xenia Saitti and and Kyprianos Santis Alternative Investment Funds have consistently been selected as the preferred vehicle for investments from both asset managers and investors. In the eyes of ...

The crypto crash is here – and both Bitcoin and Ethereum are feeling the heat. Trading volume is down, and growth has slowed. While the top two coins still have value ...

U.S. retail sales increased more than expected in October as households stepped up purchases of motor vehicles and a range of other goods, suggesting consumer spending picked up early ...

High labour costs and unhindered access to energy and raw materials are the main challenges expected to be faced by Cypriot businesses in 2023, based on the 30th annual edition of ...

Saudi Arabia has signed investment agreements worth around $30 billion with South Korean companies, Asharq TV quoted the Kingdom’s investment minister Khalid Al-Falih as saying on Thursday. The Saudi-based TV ...

President Vladimir Putin urged the Russian government on Wednesday to control car prices, as one industry head said Western sanctions could send annual sales crashing to below 1 million for the ...

Half a litre of beer will cost 50 Qatari riyals (13 euros) inside the main fan zone at the World Cup in Qatar, a source with knowledge of alcohol sales at the ...

Surging household energy bills and food prices pushed British inflation to a 41-year high, data showed a day before finance minister Jeremy Hunt announces “tough but necessary” tax hikes and ...

Italy’s new prime minister Giorgia Meloni needs urgently to rein in a bloated pension system that absorbs most social spending and looks increasingly unsustainable in the face of surging ...

The dollar on Wednesday traded just above multi-month lows against most majors as flows that had supported the safe-haven currency slowed after Joe Biden said a missile that caused an ...

Barclays economists on Wednesday cut their global economic growth forecast for 2023 as inflation is seen unlikely to fall quickly, forcing monetary policy to be ‘restrictive’. The brokerage warned that 2023 looks ...