Predicting next crisis needs cross-cultural shift

The Financial Mirror interviewed econ-physics pioneer and world-renowned Paris-based statistical physicist Jean Philippe Bouchaud, Professor at École Normale Supérieure and founder and chair of Capital Fund Management (CFM) He was recently in Cyprus for the Hubert Curien lecture at the

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AstroBank returns to profit

AstroBank posted a net profit of €3.3 mln in 2021 and €18 million before provisions, against a net loss of €18.1 mln

Hellenic Bank staff to strike 31 May

Cyprus’ banking system is facing disruption after Hellenic bank staff announced they would stage a 24-hour warning strike next week over redundancies.

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Lebanese banks close Cyprus branches

The Central Bank has confirmed that its counterpart in Lebanon has decided to close the branches of Lebanese banks in Cyprus. Sources confirmed to CNA that the Lebanese Central Bank had closed

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A perfect storm is brewing

Without COVID to keep people in check, the government is wobbling to the finish line like a lame horse in the Grand National. After spending a truckload in state support to keep

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Petrol prices to reach €2 per litre

Cypriot motorists are in for a financial jolt as petrol station owners warn that pump prices will hit €2 per litre as consumer groups scream profiteering. In comments to Astra Radio, the

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A perfect storm is brewing

Without COVID to keep people in check, the government is wobbling to the finish line like a lame horse in the Grand

Voter appeal does not create jobs

It is sad that with the next presidential elections nine months away, what used to be a pro-business administration, aiming to boost

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Roof insulation, photovoltaic grants improved

A big-budget increase for grant schemes to encourage thermal roof insulation and installation of photovoltaic systems in homes built before 2017 was announced by the Energy Ministry. The available budget for 2022-2023 is expected to exceed €20 mln and has been secured through the

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Eni-Total begin new drill off Cyprus

The Italian-French consortium Eni-Total has commenced new exploratory drilling for natural gas at Cronos-1 within Block 6 of Cyprus’ exclusive economic zone,

Shipping requires more IT investment

The value of fleet management data analysis and digital technology to improve vessel operations is ever more important as the maritime sector faces challenges requiring new processes and tools, an IT expert told the Cyprus Marine Club. “We understand maritime

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High demand for Greece ferry

Cypriots are jumping at the chance to travel to Greece by ferry this summer, after the revival of the link after two