Tag: economy

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

Economy April 11, 2025 at 09:28

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...

IMF: “Nimble, dynamic” Cyprus economy may grow 2.5% this year

Economy April 3, 2025 at 14:45

Cyprus has a "nimble and dynamic economy" that should grow about 2.5% this year, the International Monetary Fund said on Friday, while it added...

Trump tariffs add stress to already struggling global economy

Economy April 3, 2025 at 12:36

The latest round of US trade tariffs unveiled on Wednesday will sap yet more vigour from a world economy barely recovered from the post-pandemic inflation surge,...

Cyprus receives €76.9 million under the Recovery fund

Cyprus April 2, 2025 at 12:52

Today, the European Commission disbursed €76.9 million to Cyprus as its third instalment under the Recovery and Resilience Facility. As for all Member States,...