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The Cyprus Stock Exchange (CSE) has announced the results of its latest review of listed companies' compliance with minimum market capitalisation requirements, confirming changes to the warning status of several issuers. The review forms part of the exchange's ongoing supervisory framework aimed at promoting market transparency and ensuring that listed companies continue to meet the standards required for admission and continued trading on the regulated market. One of the mos

Cambodia is weighing a broader expansion of visa-free travel and an increase in direct international flight connections as part of efforts to revive its tourism sector following a noticeable decline in foreign visitor arrivals. The proposals were discussed during a meeting of the government-private sector tourism working group on Tuesday, chaired by Tourism Minister Huot Hak. Speaking during the meeting, Hak said international tourist arrivals had dropped sharply during the f

The UK's Financial Conduct Authority (FCA) has introduced a series of reforms aimed at making London a more attractive destination for companies seeking to raise capital through initial public offerings (IPOs). The changes are designed to simplify the listing process, reduce compliance costs and shorten the time required to bring companies to market, as regulators seek to reverse a prolonged decline in UK stock market listings and strengthen the competitiveness of Britain's c

Eurozone business activity accelerated to its strongest level in eight months during July, supported by a recovery in the services sector alongside continued improvement in manufacturing. However, businesses remained cautious as uncertainty surrounding the ongoing conflict in the Middle East continued to weigh on the economic outlook, according to the latest survey. The S&P Global Eurozone Composite Purchasing Managers' Index (PMI), which measures combined activity across the

Central banks should neither ignore climate change nor attempt to act as climate policymakers, according to a new economic analysis examining the appropriate role of monetary authorities in an increasingly climate-affected global economy. The report argues that while governments remain responsible for designing and implementing climate policy, central banks must recognise that climate-related developments have become significant macroeconomic forces capable of influencing inf

Leading banks in Greece and Cyprus are expected to report another quarter of strong profitability, supported by resilient lending activity, stable interest income and growing fee-based revenues, despite a more challenging interest rate environment. Analysts believe the sector continues to demonstrate solid earnings momentum as institutions benefit from healthy credit demand, disciplined cost management and robust capital positions. Among the strongest expected performers is B

Dutch tax authorities have introduced a series of new VAT-related measures that are expected to reduce compliance costs for businesses by approximately €81 million each year. The savings are expected to come primarily from administrative simplifications, streamlined procedures, and a reduction in the reporting burden faced by entrepreneurs. The measures form part of a wider package of VAT modernisation reforms in the Netherlands, designed to make the VAT system more efficient

Kenya does not need to increase its Value Added Tax (VAT) rate to generate higher government revenue, according to a new study by the Kenya Institute for Public Policy Research and Analysis (KIPPRA), which argues that improving tax administration, expanding compliance and leveraging digital tax systems would be far more effective than imposing higher tax rates. The findings come at a time when Kenya continues to debate its tax policy following a series of Finance Bills aimed

Cyprus' financial system remains resilient and well-capitalised, but heightened geopolitical tensions, global economic uncertainty and emerging risks continue to pose significant challenges to long-term financial stability, according to the Central Bank of Cyprus (CBC). The warning comes in the bank's 2025 Financial Stability Report, which concludes that although the country's banking sector has strengthened considerably, vigilance remains essential in an increasingly uncerta

Banks across the euro area adopted more cautious lending practices during 2025 as heightened trade tensions, particularly those affecting exports to the United States, increased risks for businesses, according to the European Central Bank (ECB). The findings were published in an ECB blog post by economists Anastasia Allayioti, Alessandro Ferrari, Petra Köhler-Ulbrich and Matías Lamas Rodríguez, together with research analyst Wouter Wakker. Their analysis combined corporate lo

Global fuel markets are facing prolonged pressure as low inventories and escalating geopolitical risks threaten to keep prices elevated for longer. The intensifying conflict between the United States and Iran is disrupting Asian oil refiners’ plans to increase production in August, raising concerns that global fuel stocks will remain constrained unless China steps in to compensate for the shortfall. Asian refiners had been preparing for a recovery in global fuel production du

The Cyprus Securities and Exchange Commission (CySEC) has welcomed the publication of a follow-up assessment by the European Securities and Markets Authority (ESMA), which acknowledges the substantial progress made by the Cypriot regulator in strengthening its supervision of investment firms engaged in cross-border activities. The review, conducted by ESMA’s Peer Review Committee (PRC), concludes that CySEC has significantly enhanced its supervisory and enforcement framework

Cyprus stood out from the wider European trend in May 2026 by maintaining stable industrial production, even as both the euro area and the European Union recorded declines, according to the latest figures released by Eurostat. Seasonally adjusted industrial production in Cyprus remained unchanged on a monthly basis in May, following a modest increase of 0.1 per cent recorded in April 2026. While the country's output held steady, industrial production across the euro area de

The Cyprus Stock Exchange (CSE) announced on Wednesday that it will remove the shares of K. Kouimtzis and A.J. Green Shell from its emerging companies market, with the delisting scheduled to take effect on July 31, 2026. The exchange explained that the decision was reached after determining that both companies no longer satisfy the conditions required to ensure the orderly functioning of the market, a situation that it believes poses a risk to the protection of investors' int

Britain's incoming prime minister is being urged to reduce the energy levies paid by businesses as part of a broader effort to accelerate economic growth, according to a joint call issued on Tuesday by the Confederation of British Industry (CBI) and Energy UK. With former Manchester mayor Andy Burnham expected to take office at Downing Street, the two organisations warned that persistently high energy costs are weighing heavily on businesses and undermining investment across

Fiscal Council member Marios Clerides on Saturday called for the introduction of "ethical banking" in Cyprus as discussions continue over the establishment of a new cooperative bank on the island. Clerides said Cyprus’ financial sector needs banks "which think not only about profits but also about the borrower", adding that such institutions should "take into account the repayment capacity of their customers and do not only rely on collateral". At the same time, he acknow

Russia’s banking sector has so far survived years of Western sanctions, capital restrictions and wartime pressure. But the longer the war continues, the more the pressure appears to be moving from the sanctions list into the balance sheets of the country’s own banks. A European intelligence assessment reported by Reuters warns that Russia could face a potentially serious banking crisis in 2026, as the cost of the war in Ukraine forces the state to lean more heavily on banks t

Personal wealth worldwide increased by 10.8% in 2025, marking the fastest pace of growth in several years, according to UBS in its annual Global Wealth Report. This was a sharp acceleration compared with previous years, following increases of 4.6% in 2024 and 4.2% in 2023. The growth was largely driven by strong performance in financial markets. UBS estimates that nearly one million new US dollar millionaires were created globally in 2025. In its wording, the bank noted the

Germany has opened a major confrontation over the European Union’s next long-term budget by demanding a €400 billion reduction to the Commission’s proposed 2028-2034 spending plan. Reuters reported that an internal German government document described the proposed budget of almost €2 trillion as unaffordable and warned that, as it stands, agreement would be impossible. Because the EU’s Multiannual Financial Framework requires unanimity among all 27 member states, Berlin’s pos

A major debate is intensifying within the European Union over the future direction of its emissions trading system (ETS), the bloc’s central tool for pricing carbon since its launch in 2005. The dispute is unfolding as policymakers weigh how to maintain industrial competitiveness while still meeting long-term climate targets, including the EU’s agreed 2040 emissions goal. At the center of the discussion is Swedish steel producer SSAB, which is investing around €6 billion