Cyprus Business News

European Union and International Monetary Fund (IMF) representatives will begin their post-memorandum inspection of the Cypriot economy on September 13 and conclude the process on September 22. The inspection, which will include ...

DeFi, decentralised finance, is the fastest-growing market in the cryptocurrency universe. More than $61 billion worth of trades have been executed in the market, up from about $15 billion at the start ...

Turkey’s annual consumer price inflation accelerated to 19.25 percent, extending the highest level since a currency crisis in 2018, according to data published by the Turkish Statistical Institute on Friday. The ...

People who have already had two anti-Covid vaccinations do not need further booster shots, the European centre for Disease Prevention and Control (ECDC), an EU agency in Sweden said in ...

The first Iranian fuel oil cargo secured through Lebanon’s armed group Hezbollah will be delivered via Syria by truck to avoid complications related to sanctions, two sources with knowledge ...

Venus Minerals Managing Director Peter van der Borgh said that Cyprus has a ‘significant average gold content in a copper-rich area’ in Troodos. “The results of the sampling from the ...

Outfit7 is a Cyprus-=based video and game producer with over 15 billion game downloads and 72 billion video views. We asked Yanhao Wu is the board member of Outfit7 Limited and ...

Statement by the Minister of Finance Mr. Konstantinos Petridis on the declining course of unemployment in Cyprus: “I want to express my satisfaction because according to official EUROSTAT statistics, Cyprus ...

The euro climbed to a one-month high against the dollar of $1.1857 on Wednesday after a survey showed strong European manufacturing growth coupled with inflationary pressure from supply-chain snarls. The euro ...

The public deficit has fallen by 0.2 per cent in the first seven months of the year, with preliminary fiscal results by the Cyprus statistical service showing a General Government deficit ...

Cyprus must progress from lip-service to serious action if Cypriot consumers are ever to see serious reductions in their inexcusably high energy costs. Household electricity prices shot-up by 38 per cent ...

Turkey’s economy grew by a record 21.7 per cent in the second quarter from the same period in the previous year when it saw a sharp contraction.. But analysts were ...

Bank of Cyprus announced on Wednesday delivery of a robust performance in the first half of 2021: Revenue and profit is up, new lending has jumped to €894 million, and 96 per cent ...

By Pavlos Loizou, Managing Director, WiRE-FS Demographic and social changes are impacting the international housing market, and of course that of Cyprus. In the US, large companies and high-net-worth individuals ...

A study by the European statistical service (Eurostat) has shown that 71 per cent of Cypriots have a generally favourable view of the quality of life in Cyprus. The study takes ...

Minister of Energy, Commerce and Industry Natasa Pilides has reiterated that the only way to improve the competitiveness of the Cypriot economy is through the liberalisation of the energy market ...

September will account for more than one third of all remaining British travel for 2021, a survey released on Wednesday shows. A large percentage of these travellers will be seeking a ...

The sizzling pace of house price rises in most major world housing markets since the pandemic began has likely peaked, but affordability is set to remain stretched or worsen in ...

Tourism generated a total revenue of €135.8 million for Cyprus during June of 2021, a number achieved in spite of a number of travel restrictions still in place during that period. While ...

FOO, a leading fintech provider in Lebanon, has opened an office in Nicosia. The company plans to expand in Cyprus and around Europe from its base here. by George Eid ...

Turkey’s central bank has changed the criteria identifying short-term external debt, thus reducing the amount on its books by $25 billion, the bank announced in a statement last week. Short-term ...

Cypriots who invest in global stocks will get a bonus this year, if the company they’ve place funds with pays dividends. They may also be rewarded with a shares ...

Have we passed the peak of inflation fear? Investment insights from EFG Bank After one of the worst years for global economic growth in 2020, this year looks set to be ...

The coming months, and 2022 will be crucial for ensuring the sustainability of public finances, Finance Minister Constantinos Petrides has said. His ministry is currently working on the state budget but ...