#BusinessTop

The World Bank has revised its 2023 economic growth projection for the oil exporters of the six-member Gulf Cooperation Council (GCC) downwards to 3.2 per cent in its latest update released on ...

The Cyprus Statistical Service (Cystat) on Thursday reported a year-on-year drop in construction production during the fourth quarter of 2022, while producer prices in construction saw a significant annual increase of 11.1 ...

The Finance Ministry’s Public Debt Management Office on Thursday announced that the Republic of Cyprus’ newly issued ten-year Sustainable Fixed Rate Reference bond, amounting to €1 billion, garnered immense interest, ...

The next monetary policy decisions on European Central Bank’s interest rates will be based on the incoming data, Philip Lane, chief economist and member of the ECB’s executive ...

For months, consumers have clamored for banks to pay out more for deposits as the Federal Reserve raised interest rates. Now analysts say after the banking crisis shook markets last ...

Cyprus recorded a €300 million surplus from operating and investing activities in 2022, according to the government’s fiscal report for the previous fiscal year, which was recently submitted for review to ...

ECB executive committee member and chief economist Philip Lane met with Central Bank of Cyprus (CBC) governor Constantinos Herodotou on Wednesday, after being invited by the latter to the island ...

More than 7,000 properties, whose total value exceeds €1.5 billion, are currently available on the market from banks, property management companies and debt buyers, according to a sectoral analysis report by Cypriot ...

Storied Cypriot soft drinks company KEAN on Tuesday released a statement notifying the public that its board has reached an agreement in principle to sell the company’s shares to ...

Cyprus can take advantage of soaring copper prices, the result of pronounced shortages across the world, helping to increase supply through new projects on the island, according to Mark Rachovides, ...

The Cyprus Securities and Exchange Commission on Monday released a statement responding to an announcement by failed cryptocurrency exchange FTX EU (Cyprus) saying that it will commence processes for the ...

By Maria Demertzis The early March failure of Silicon Valley Bank (SVB) in the United States, and the sale of Credit Suisse to UBS in Switzerland are reminders of an ...

As Europe weans itself off fossil fuels, local energy networks are tapping renewable sources to fill the gap and cut consumer bills. By Andrew Dunne They might look like ordinary ...

The Federal Deposit Insurance Corporation (FDIC) has retained advisers to sell the securities portfolios that the new owners of failed Silicon Valley Bank and Signature Bank rejected, according to people ...

Hellenic Bank this week released a statement announcing the completion of Project Starlight, which refers to the sale of a non-performing exposures (NPE) portfolio, combined with the sale of APS ...

The Cyprus Securities and Exchange Commission (CySEC) this week released its quarterly report for the fourth quarter of 2022, which highlights the current state of the collective investments sector in Cyprus. ...

Alphabet’s (GOOGL.O) Google Cloud has accused Microsoft (MSFT.O) of anti-competitive cloud computing practices and criticised imminent deals with European cloud vendors, saying these do not solve broader ...

The Council for Registration of Real Estate Agents on Wednesday released a statement saying that 25 legal entities and 45 natural persons were convicted of illegal real estate brokerage in 2022. According to ...

The DFINITY Foundation is a not-for-profit organisation contributing to the development of the Internet Computer (IC) project. IC is a web-speed, internet-scale public blockchain advanced smart contract functionality to the ...

British grocery inflation rose again in March to a record 17.5 per cent, inflicting yet more pain on consumers battling a cost-of-living crisis, industry data showed on Tuesday. Market researcher Kantar ...

PwC Cyprus on Tuesday released the results of the firm’s global business survey, which revealed that family businesses experienced their highest growth in 15 years during their most recent fiscal ...

Britons already reeling from the biggest rise in food prices since 1977 may have to get used to shortages of fresh vegetables as soaring costs and unpredictable weather hit domestic production. ...

First Republic Bank (FRC.N) became the epicentre of the US regional banking crisis after the wealthy clients it courted to fuel its breakneck growth started withdrawing deposits and left ...

A buyer for large chunks of Silicon Valley Bank’s deposits and loans helped cast an uneasy calm over fragile markets on Monday, which have been roiled by worries of ...