#business

A small increase of 0.09 per cent was recorded in the price index of construction materials for the month of July 2022, compared to the previous month, according to a report by ...

By Ioannis Tirkides Inflation has been ramping up for about a year now and has reached levels last seen more than forty years ago, during the stagflation of the 1970s ...

Cyprus’ public debt declined to €24.18 billion at the end of June 2022, marking a 3.1 per cent reduction compared with the respective period of last year, according to the latest available data. ...

Oil prices inched higher on Friday, with benchmark contracts headed for a weekly climb as recession fears eased, though an uncertain demand outlook capped gains. Brent crude futures rose 23 cents, ...

The high demand in the Cypriot real estate sector is in the process of being met with numerous high-value investments, with the Limassol district taking the lion’s share, the ...

Association of Large Investment Projects president Andreas Demetriades this week said that there are still issues related to Cyprus’ permanent residence programme and asked for the Interior Ministry to “immediately ...

Oil prices drifted lower on Thursday after gaining more than $1 in the previous session, as concerns over supply disruptions eased and markets looked for evidence of improving fuel demand. Brent ...

The automatic price indexation of public wages is relatively limited in the euro area, while public pensions are primarily automatically indexed, either fully or partially, to prices and wages, according ...

The market capitalisation of all the shares traded during the month of July on the Cyprus Stock Exchange reached €1.9 billion, according to a statement released by the CSE this week. ...

Several high-flying startups are being brought down to earth, as a recent carnage in global equity markets and lackluster demand for new listings force companies to raise funds at a ...

Oil prices settled slightly lower on Tuesday after a see-saw session as worries that a slowing economy could cut demand vied with news that some oil exports had been suspended ...

The Association of Cyprus Tourist Enterprises (Stek) on Tuesday called on the state to intervene so that the issue of noise pollution in tourist areas is quelled, alleging that Cyprus’ ...

The Bank of Cyprus on Tuesday announced that its board of directors will meet on Tuesday, August 30, 2022, to review the financial results of the Bank of Cyprus Group for the ...

Another day, another hack – and another blockchain bridge burned. When thieves stole an estimated $190 million from US crypto firm Nomad last week, it was the seventh hack of 2022 to target ...

Israeli tourism continued to recover following the COVID-19 pandemic in July although it was 22.6 per cent below its 2019 level, the Tourism Ministry said on Monday. Tourism Minister Yoel Razvozov said ...

None of the Russians targeted by European Union sanctions have declared their assets to German authorities as required to do under Germany’s sanctions law, the German government said, prompting ...

The Bank of England will probably have to raise interest rates further from their current 14 year-high to tackle inflation pressures that are gaining a foothold in Britain’s economy, BoE ...

Russian airlines, including state-controlled Aeroflot (AFLT.MM), are stripping jetliners to secure spare parts they can no longer buy abroad because of Western sanctions, four industry sources told Reuters. The ...

Biggest rate increase for 27 years By St John Coombes This week the Bank of England increased interest rates by 0.5 per cent, taking interest rates to 1.75 per cent. This is the ...

By Andreas Charalambous and Omiros Pissarides Recent developments suggest that the US and the EU are moving towards stagflation, that is the coexistence of inflation and low economic growth, with ...

By Zsolt Darvas Rising inflation has triggered monetary tightening in several countries, and the resulting higher interest rates raise concerns about public debt sustainability in countries with high public debt. ...

Cyprus Association of Hotel Managers president Christos Angelides on Friday said that the hotel occupancy rate in the Famagusta district is expected to reach between 85 and 90 per cent in August. “...

Business leaders have called on the president to urgently boost the island’s self-sufficiency in terms of the food supply, warning that based on current data, higher prices and shortages “...

The embassies of a country are a reflection of the country abroad. When it comes to the world of business, embassies should promote the business interests of the country that ...