The ratings of Cyprus’ two largest banks remain on Positive Outlook despite increased risks to the global economy due to the war in Ukraine, Fitch Ratings says. Fitch expects Hellenic Bank (B/Positive)
By Jeffrey Halley Mainland China stocks are leading the way higher Wednesday after onflation data showed a benign inflation landscape. Inflation YoY in April climbed to 2.10% (1.8% exp), and Inflation MoM
The Cabinet on Tuesday approved a bill offering tax incentives to attract talent and promote headquartering in Cyprus. It’s in line with the Strategy for Attracting Businesses for Activities or/and Expansion of
The introduction of a national minimum wage will make lives better for 9% of the island’s workforce, as it will function as a shield for employees against exploitation, said Labour Minister Zeta
A new era beckons for Larnaca as the town witnesses the return of cruise ships as new operators prepare to welcome the first liner in the past decade. In comments to Phileleftheros
By Lukman Otunuga, Senior Research Analyst at FXTM Asian equities remained under pressure on Tuesday as the massive sell-off across financial markets left investors bloodied and worried. Although European futures pointed to
Building a natural gas pipeline from Israel to Cyprus could be revived if Energean’s recent gas discovery in Israeli waters proves to be as fruitful as initial estimates. In comments to the
Health authorities are scrapping the requirement for a Safe Pass at entertainment venues, nightclubs, and events such as weddings and christenings from May 15, following a Cabinet decision Tuesday. The Cabinet also
Cyprus wants to create an east Mediterranean firefighting hub with neighbours Greece and Israel to tackle huge summer wildfires that could overwhelm any single country. Foreign Minister Ioannis Kasoulides made the proposal
According to data released by the Ministry of Health, heart diseases and cancer are the leading causes of death in Cyprus, killing a combined 3,401 people annually. Some 28% of deaths (1,871)
