Tourism revenue experienced a notable surge in September. In contrast to the tourist arrivals that achieved all-time highs in 2019,…
Britain yet to make the case for a digital pound, lawmakers say
A digital pound should not be available in large sums initially to avoid the risk of bank runs, UK lawmakers…
Inflation slows down in November
Inflation data provided by Eurostat, show a significant slowdown of inflation in Cyprus. The harmonized consumer price index retreated to…
Electricity and flight ticket prices expected to increase
The Republic of Cyprus is set to experience a substantial boost in revenue, estimated at €150 million annually for the…
Real estate market demand remains high
Significant performance has been recorded in the Cypriot real estate market from January to September 2023. According to data from…
Ethereum blockchain produced equivalent of Honduras’ annual emissions before upgrade – study
The Ethereum blockchain’s historical greenhouse gas emissions before a major software upgrade last year were equivalent to the yearly emissions…
Chevron and Cyprus reach agreement
An agreement has been reached between Cyprus and Chevron, according to confirmed information by “Insider.” The information about the agreement…
Hotel bookings at 35%-40% in December
Hotels that remained open in December are operating at low occupancy rates of around 35%-40%, according to Thanos Michailidis, President…
Wells Fargo accused of not paying overtime at shortstaffed US branches
A Wells Fargo & Co WFC.N employee filed a lawsuit on Thursday accusing the bank of depriving hundreds of its…
ANALYSIS-Job cuts, lean bonuses loom over Europe’s bankers in 2024
A mix of global economic unease and geopolitical uncertainty means optimism is in short supply among bankers from the City…