Economy

Encouraging findings at “Elektra-1” well, Energy Ministry says

The presence of natural gas in non-commercial quantities was confirmed by the data collected from the “Elektra-1” exploration well in Block 5 of the...

EAC aims to cut electricity costs with fuel deals

The Electricity Authority of Cyprus (EAC) is working to pre-purchase lower-cost fuel in a bid to reduce electricity prices, according to EAC President Giorgos...

Eurobank acquires 98.5% of Hellenic Bank – Plans for squeeze-out

Eurobank has announced the completion of its mandatory public takeover offer for the acquisition of up to 100% of the issued share capital of...

Lithuania fines Revolut €3.5mn for anti- money laundering failures

Regulator identifies control shortcomings; Revolut says no confirmed laundering cases Lithuania’s central bank has imposed a €3.5mn fine on Revolut for failures in its anti-money...

Trump’s stunning tariff pause focuses trade war on China

US President Donald Trump's stunning decision to pause the hefty duties he had just imposed on dozens of countries sent battered global stock markets surging on...