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Cyprus and EU allies forge €7.4B deal with Egypt to transform energy landscape
European Union and Egyptian leaders joined forces on Sunday to sign a substantial €7.4 billion financial package aimed at bolstering Egypt's economy, enhancing energy...
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Christoph Burgener: Further collaboration possible between important financial centres Switzerland and Cyprus
Swiss Ambassador Christoph Burgener recently talked about how his country, a long-established financial centre, is navigating today’s challenges, especially after a...
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Statement by the President at the Summit for a Strategic and Comprehensive Partnership between EU and Egypt
I am delighted to join Ursula, and my colleagues (Giorgia, Karl, Kyriakos and Alexander), here in Cairo and I would like to wholeheartedly thank President Sisi for the...
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President discusses next inter-governmental summit with Egypt
President Nikos Christodoulides discussed with his Egyptian counterpart, Abdel Fattah al-Sisi, among other things the intention to schedule the next Cyprus-Egypt...
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Adobe forecasts downbeat second-quarter revenue
Adobe (ADBE.O) forecast second-quarter revenue below analysts’ estimates last week, following stiff competition and weak demand for its artificial...
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Statement to the Media by the President of the Republic, Mr Nikos Christodoulides, at the Summit for a Strategic and Comprehensive Partnership between...
Statement to the Media by the President of the Republic, Mr Nikos Christodoulides, at the Summit for a Strategic and Comprehensive Partnership between the European Union...
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‘Historic day’ as Cyprus, EU leaders pledge support for Egypt
Sunday was a day that stands for political commitment, cooperation and leadership, President Nikos Christodoulides said on Sunday as an summit on the partnership between...
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MiCA for cryptos by end of year, early-2025
Cyprus plans to implement the Markets in Crypto-Assets (MiCA) regulation by the end of this year or early 2025, aimed at protecting investors and promoting...
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EU to bolster Egypt ties with billions in funding
European leaders including President Nikos Christodoulides are expected to announce a multi-billion euro funding package and an upgraded relationship with Egypt in Cairo...
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Russia’s presidential vote starts final day with accusations of Kyiv sabotage
Russia started its final day of presidential voting on Sunday with Moscow accusing Ukraine of using air attacks to try to sabotage the election that is expected to keep...
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Cyprus Business Now: weekly wrap-up
Here are the top business stories in Cyprus from the week starting March 11: REALTYon, the only event in Cyprus dedicated to the entire property industry, is...
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Türkiye’s annual inflation rate climbed to 67.07 percent in February
As inflation is soaring in Türkiye, the central bank’s decision to halt monetary tightening is called into question while policymakers ask for patience, saying prices...
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Christodoulides to travel to Egypt
President Nikos Christodoulides is to visit Egypt on Sunday to take part in an international summit. The summit will also be attended by European Commission President...
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President to participate in EU summit
The President of the Republic, Nikos Christodoulides, will depart on Sunday, March 17th, for Cairo, Egypt, where he will participate in a Summit alongside the President...
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Defence budgets and socioeconomic implications
By Andreas Charalambous and Omiros Pissarides In recent decades, a number of factors have contributed to a containment in defence spending, including: (a)...
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Oil prices edge lower but set to end week over 3 per cent higher
Oil prices edged lower on Friday but were on track to gain over 3 per cent for the week, boosted by the International Energy Agency raising its 2024 oil demand forecasts...
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Energy minister promises support for consumers
Energy Minister George Papanastasiou invoked the name of late United States President John F Kennedy in a speech to mark World Consumer Rights Day on Friday. He said,...
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Per aspera ad astra: Through hardships to the stars
Amidst the aftermath of the full-scale invasion by Russia, Ukraine's economic stability endured a significant blow, witnessing a staggering decline of 29 percent in...
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Cyprus set for 16th post-memorandum economic evaluation
The 16th evaluation of Cyprus’ post-memorandum economic situation is set to commence next Tuesday and conclude on Friday, as confirmed by the island’s...
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Koumis: Aim is to sustain 2023 performance amid challenges
The goal of the Deputy Ministry of Tourism is for tourist arrivals to remain in 2024 at the same levels as last year, said Deputy Minister Kostas Koumis, in a year...
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UBS’s rescue of Credit Suisse creates new risks for Switzerland, OECD says
UBS’s (UBSG.S) rescue takeover of Credit Suisse a year ago has created “new risks and challenges” for the Swiss economy, the Organisation for Economic...
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Turkish Cypriot Leader Raises Concerns About British Military Bases in Cyprus
Turkish Cypriot leader Ersin Tatar has expressed concerns about the presence of two British military bases in Cyprus, stating that they pose a threat to both Turkey and...
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Cyprus tourism aims for resilience despite global turmoil
The Deputy Ministry of Tourism sets the target for 2024 to maintain tourist arrivals at the same levels as last year, amidst geopolitical instability and other...
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ANALYSIS-Putin grows war economy but incomes suffer ‘lost decade’
When President Vladimir Putin ran for re-election in 2018, he promised a “decisive breakthrough” in living standards. Six years later, as Russians go to the polls...
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Private credit ties to banks deepen in Europe as default risk rises
Europe’s private credit funds are increasingly borrowing from banks to boost their performance, fuelling concerns about the wider risks posed by this...