S&P Global Ratings raised its long-term issuer credit rating on Bank of Cyprus to BB- from B+, citing improvements in its asset quality and easing of economic risks. The upgrade of the
While Facebook’s active user base continues growing on a global scale, the world’s largest social networking platform seems to be losing ground in the European market where monthly active users plunged by
Cyprus airports operator Hermes has initiated a sustainability programme by selling lemonade picked from the trees at Larnaca and Paphos airports, using the funds to support three local initiatives. Staff at both
At a time when Cyprus is positioning itself on the world map as one of the fastest-growing destinations for companies specialising in technology, research and innovation, Cypriot company Point Nine supports this
Bank of Cyprus has rejected a triple takeover bid by Texas-based investment fund Lone Star, with the last offer valuing the deal at €727.25 mln, almost 50% above the bank’s current market
Disney+ is quickly becoming a significant player in the streaming wars, as the platform has grown its market share from 136 million subscribers to 152 million in the last year, an increase
Saudi Arabia’s state-owned energy corporation, Saudi Aramco, has highlighted the huge earnings made by gas and oil-rich nations during the energy crisis after reporting revenues of $48.4 billion in the third quarter,
Leading Russian bookmaker, Fonbet is making a comeback in Cyprus sports with exclusive sponsorship deals it sealed with five top-flight football clubs, including well-supported Anorthosis Famagusta. Already active in Cyprus for the
Delivery companies and supermarkets are adjusting their business model by introducing new services, including own-store operations catering to online and from-home shoppers. AlphaMega Hypermarkets has continuously gained ground in the retail market
In July, Cyprus Airways carried over 59,000 passengers (+212%) and operated 429 flights (+207%) over the same period last year despite European airport staff shortages. Average seat load factors for the month
