TUI, the world’s largest tour operator, may have a Russian oligarch problem, as its main shareholder Alexey Mordashov met with Russia’s President Vladimir Putin at the Kremlin last week amid the invasion
Sanctions imposed on Russia following its invasion of Ukraine will not severely impact the island’s banking sector, as it is not exposed to the Russian economy, said Finance Minister Constantinos Petrides. In
Cyprus’ banking system is on high alert after the Russian invasion of Ukraine, and the European Union’s financial sanctions on Moscow mean it must adapt business and investment plans to fend off
Cyprus fiscal indicators improved in 2021, despite the government spending millions on furlough schemes and measures to support businesses to address the fallout from COVID-19 restrictions. The preliminary budget results prepared by
Irena Georgiadou, the former chairperson of Hellenic Bank, has joined the board of RCB Bank, following changes at the Limassol-based bank, including the announcement last week of its shareholding restructure. Georgiadou, 46,
Cyprus striving to recover from the pandemic is hindered after the EU’s latest banking sanctions on Russia will also affect the island’s services sector, say stakeholders. Many Russian offshore companies will now
RCB Bank announced a change in its shareholding structure, as major stakeholders VTB Bank sold a 46.29% stake to shield its assets from UK sanctions following Russia’s invasion of Ukraine. VTB’s share
Cyprus and the United Arab Emirates have established a Comprehensive Strategic Partnership to elevate their current bilateral relations in defence, shipping, trade, and energy. With a joint declaration on Thursday, Nicosia and
Seven out of ten businesses in Cyprus said their turnover took a hit from the coronavirus pandemic in 2021 while blaming the government for ‘not doing enough’ to guide them through the
Bank of Cyprus, the one-time bellwether stock that drove the economy, maintains a conservative yet steady course to recovery, reporting an after-tax profit of €31.9 mln for 2021, a turnaround from €175
