Moody’s has lowered global growth projections for 2022 and 2023 as Russia’s invasion of Ukraine and pandemic lockdowns in China add to supply shocks and stoke inflation. Advanced economies will expand 2.6%
Economic sentiment in Cyprus improved slightly in May, with the monthly Economic Sentiment Indicator (ESI-CypERC) up by 1.1 points from April due to stronger business confidence in services. However, at 106.1 points,
Wearing a face mask in Cyprus will soon be a thing of the past, as most government scientists have urged authorities to suspend the COVID-19 mandate for indoor facilities from next week.
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
By Jeffrey Halley The FOMC Minutes, released overnight, settled a few nerves, temporarily signalling another couple of 50bps rate hikes in June and July before a pause in September. The dreaded 75bps
AstroBank posted a net profit of €3.3 mln in 2021 and €18 million before provisions, against a net loss of €18.1 mln in 2020. The bank attributes its profitability to the new,
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
The case of a Vietnamese who allegedly acquired a Cypriot golden passport while in custody in his home country has authorities in a tangle. Cyprus legal services are investigating allegations that a
Labour Minister Zeta Emilianidou is going through her most difficult hours, said President Nicos Anastasiades after visiting her at the private hospital in Athens, where she is critical. On Wednesday, President Anastasiades
No respite from rising energy prices is expected; following warnings of new increases in fuel prices, the Electricity Authority of Cyprus told customers their power bills would not drop before next year.
