Cyprus to assume gas forum presidency
The Minister of Energy, Commerce and Industry Natasa Pilides will assume the presidency of the East Mediterranean Gas Forum on January 1, 2022, taking over from Tarek El Molla, the Minister of ...
Supercharged Turkish stocks rally not everything it seems
The lira’s plunge has propelled Turkey’s exporter-dominated stock market to its best month in 12 years, but for foreign investors, who have just started dipping their toes in again, ...
CPP official pledges consortium’s determination to complete LNG terminal project at Vassiliko by June 2023
Deputy Managing Director of China Petroleum Pipeline Engineering Duan Bingquan pledged his determination to bring natural gas to Cyprus which is scheduled to be delivered at the end of June 2023.
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Cyprus economy still impacted by pandemic, improvement expected, European Commission says
Economic activity started recovering from the sharp recession as of the first half of 2021, driven mainly by domestic demand, although tourism activity still remains well below the pre-pandemic level, the ...
Amid Bukele’s bitcoin hype, not all Salvadorans ‘Feel the Bit’
El Salvador’s President Nayib Bukele took the stage last weekend at the end of “Bitcoin Week” to the cheers of fans delighted his Central American country has become the ...
Tepak bridges gap between education and business community
Efforts to bridge the gap between businesses and the academic community have been successful, the Cyprus University of Technology (Tepak) said on Wednesday.
According to university data, a total of 88 ...
Turkish lira in historic 15 per cent crash after Erdogan stokes fire sale
Turkey’s lira nosedived more than 15 per cent on Tuesday after President Tayyip Erdogan defended recent rate cuts and vowed to win his “economic war of independence”, despite widespread criticism ...
Worker rights a government priority, President says
“The protection of worker rights, through the actions of the Ministry of Labour and Social Insurance, has always been the government’s priority,” President Nicos Anastasiades said on Monday in ...
Turkish lira sinks as world shares shrivel
Stock markets fell and the dollar held near a 16-month high on Tuesday as investors positioned for interest rate hikes in 2022 after Federal Reserve Chairman Jerome Powell was nominated for ...
Cyprus and Greece trade relations have further growth potential
The prospects for the further strengthening and utilisation of the trade relations between Cyprus and Greece were showcased at the ‘Doing Business in Cyprus – COVID 19 Challenges and Opportunities’ online seminar.
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Britain’s M&S shares rise on report investment firm Apollo examined bid
Shares in Marks & Spencer (MKS.L) rose as much as 3.8 per cent in early trading after a report in The Sunday Times said US investment firm Apollo Global Management (...
Tesla subjects women to ‘nightmarish’ sexual harassment at factory -lawsuit
Tesla Inc (TSLA.O) subjects female workers to “nightmarish” conditions of rampant sexual harassment at its main factory, and supervisors turn their backs when complaints are brought, according to a ...
Visa’s chief financial officer expects to resolve fee row with Amazon
Visa (V.N) expects to resolve its credit card fee dispute with Amazon.com Inc (AMZN.O) in Britain and hopes to continue its co-branded credit card partnership with the ...
Why viewing the metaverse as a zero-sum game is wrong
Facebook’s recent rebrand to Meta felt like a statement of intent. Beyond the more cynical reasons behind the renaming, it is clear the company is trying to replicate its ...
More chief executives join the ‘Great Resignation’
CEO turnover spiked in the first half of 2021, as companies tapped new talent to navigate the aftermath of the COVID-19 pandemic and stressed-out chief executives sought a career change, a ...
Cyprus economy recovering ‘faster than expected’, credit rating agency says
Cyprus’ economy is recovering at a swifter rate than previously thought, with real GDP on track to reach pre-pandemic levels by the fourth quarter of this year, credit ratings agency ...
Energy ministry gave out €127m for schemes to set foundation for a green recovery
The energy and trade ministry has this year granted €127m in the form of schemes, setting the foundation for economic recovery and green energy transition, Minister Natasa Pilides said on ...
High stakes: achieving a sustainable banking sector
By Nicos Panteli
Supervisory authorities constantly remind banks that they need to drastically cut costs
Without a doubt the Covid-19 pandemic has left its mark on all aspects of public ...
Cyprus IT services market value surpassed €100 million this decade
The Cypriot IT services market exceeded €100 million in total value this decade, reaching €113.16 million in value during the previous year, a rise of 12.8 per cent since 2018, according to a report ...
UK inflation leaps to 10-year high, bolstering rate hike bets
British inflation surged to a 10-year high last month as household energy bills rocketed, according to data on Wednesday that will bolster expectations that the Bank of England will raise ...
Banking digitisation urgently needed says Hellenic CEO
The digitisation of banking services is ‘not an option, but an urgent need’, the Hellenic Bank CEO Oliver Gatzke said on Monday at The Economist’s annual Cyprus Summit in ...
UK jobs rise again after furlough scheme, easing BoE worries
British employers hired more people in October after the government’s job-protecting furlough scheme ended, potentially easing the lingering concerns at the Bank of England about the risks of raising ...
Bank of Cyprus brings NPL ratio down to single digits
The Bank of Cyprus announced on Monday that it had successfully completed the sale of a non-performing loans (NPLs) portfolio with a gross book value of €577 million, bringing its NPL ...
Shell ditches the Dutch, moves to London in share structure overhaul
Royal Dutch Shell (RDSa.L) said on Monday it would scrap its dual share structure and move its head office to Britain from the Netherlands, pushed away by Dutch taxes ...