Lawyers, auditors, and accountants have taken a direct hit from the war in Ukraine and sanctions imposed on Russia, estimating revenues have shrunk 15% in the aftermath of the conflict. The EU
Before the Covid-19 pandemic, the rise in experiential learning was a significant trend in leading business schools. Prominent educators such as Dr Johan Roos, Chief Strategy Officer at Hult International Business School,
Moody’s Investors Service has placed RCB Bank’s long-term ratings on review for downgrade, including its long-term deposit ratings, citing “higher credit risk associated with its Russian corporate exposures” on the backdrop of
Standard and Poor’s rating agency downgraded RCB bank’s long-term issuer credit rating to B+ from BB- over the impact of its previous major shareholder, the Russian VTB, pulling out of the bank
Cyprus is braced to lose revenue from Russian and Ukrainian tourists, as the economy is expected to lose around 2% of its GDP due to the Ukraine conflict. As the war in
Technology has developed so much that it has virtually abolished the traditional way of business decision-making. Entrepreneurs who ‘looked ahead’ and ‘foreseen developments’ have now been replaced by entrepreneurs who utilise the
The European Investment Bank’s €200 mln funding for Cyprus this year is not affected by the crisis triggered when Russia invaded Ukraine, EIB Vice President Lilyana Pavlova said Friday. She said the
Petrol prices, electricity, fruit and vegetables have driven inflation up in February to 6.6%, according to the Cyprus Statistical Service. In February 2022, the Consumer Price Index increased by 1.27 units to
The war in Ukraine could deliver the final blow to small businesses and hospitality establishments, which have yet to find their bearings following two years of the pandemic. Shopkeepers and restaurant owners
The EU on Wednesday excluded seven Russian banks from the global SWIFT network, as sanctions were ratcheted up over Moscow’s war on Ukraine. The banks immediately cut out from the secure interbank
