It took several years of hard-fought negotiations among social partners in Cyprus to conclude a national minimum wage, set in stone earlier this year, with an option to increase it in the
By Moody’s Analytics The December meeting of the Federal Open Market Committee was the most dovish since the post-pandemic tightening cycle began. The fed funds rate, as anticipated, was held unchanged. Wednesday’s
Unions and employers failed to agree to a common increase in the national minimum wage on Friday, with Labour Minister Yiannis Panayiotou calling stakeholders to a new meeting next week, days before
Capital Intelligence Ratings has revised the long-term foreign currency rating (LT FCR) and bank standalone rating (BSR) outlook of Hellenic Bank (HB) to ‘positive’ from ‘stable’. HB’s core financial strength (CFS) rating
Cyprus Transport Minister Alexis Vafeades announced that this year’s passenger traffic at airports will go down in the history books as it surpassed the record set in 2019. In a statement on
S&P Global Ratings raised its long-term issuer credit rating on Bank of Cyprus Public Co. Ltd. (BOC) to ‘BB’ from ‘BB-‘ and affirmed the ‘B’ short-term rating, citing “significant progress toward rebalancing
Consumers might find themselves with a bit more room in their holiday budget for Christmas this year, as stakeholders predict a continued drop in fuel prices. Anticipating further reductions at petrol stations,
By Craig Erlam The Bank of England and the European Central Bank both left rates on hold on Thursday, but unlike following the announcement of their counterparts in the US, there were
Low-paid workers in the private sector are in for a pay boost in the new year, as social partners are set to meet on Friday to agree on the next increment for
Four more Cyprus-based companies have been sanctioned by the U.S. authorities after evidence emerged tying them to sanctions evasions and contributing to the enhancement of Russia’s energy production. According to a statement
