Cyprus Business News

Cyprus was among the smallest producer of potatoes in the European area, according to a recent report from EuroStat. Our island produced 80.3 thousand tonnes in 2020, the report showed, placing Cyprus ...

The economy is expected to grow by more than 5.5 per cent in 2021, Finance Minister Constantinos Petrides said on Tuesday, as preliminary estimates showed a 12.9 per cent year-on-year growth in the ...

The arrivals of tourists reached 297,308 in July 2021, recording an increase of 358 per cent compared with July 2020, during which 64,914 arrivals were recorded. However, this July marked a decrease of 46 per cent ...

The European Commission has approved a €1billion Cypriot scheme to support enterprises and self-employed individuals in the context of the coronavirus outbreak. The scheme was approved under the State aid ...

The Board of the Cyprus Securities and Exchange Commission (CySEC) on Friday informed the public that, at its meeting held on the 5th April 2021, CySEC decided to impose an administrative ...

Gold prices were steady on Tuesday, hovering near an over one-week peak, as support from safe haven demand amid rising Delta variant cases offset pressure from a firmer dollar. Markets ...

GlaxoSmithKline and its partner CureVac have seen promising test results for its “second-generation” vaccine which targets Covid-19 and variants in one shot. GSK and CureVac teamed up in February in ...

Sterling steadied against the dollar on Friday as the greenback weakened following a weak reading of consumer sentiment, but the British currency was still on track for a second week ...

Global merger and acquisition (M&A) activity has breached new highs, building on the record-breaking dealmaking streak from the beginning of the year that has been aided by low ...

Former EU Brexit negotiator Michel Barnier last week called for a five-year moratorium on all immigration into the EU — a move that would effectively ban British settlement and all others, ...

Holiday company TUI Group (TUIGn.DE) said on Thursday a surge in bookings from Germany had driven a recovery from the pandemic slump and an easing of travel restrictions in ...

‘Nobody’s running the country’ said Lebanon’s central bank governor Riad Salameh complained on Saturday decrying the chaos and violence that are spreading right across the nation. At the ...

A former official has accused the Turkish Statistical Institute (Turkstat) of manipulating inflation data, Ahval reported on Wednesday. Turkey’s last inflation report in July was at 18.95 per cent. This ...

Pegeia mayor Marinos Lambrou is pushing forward with development projects worth a total of €7 million. According to statements made to the Cyprus News Agency (CNA), Lambrou said the first project ...

Hackers behind one of the biggest ever digital coin heists have now returned nearly all of the $610 million-plus they stole, Poly Network, the cryptocurrency platform targeted earlier this week by ...

The Federal Reserve will announce a plan to taper its asset purchases in September, according to a solid majority of economists polled by Reuters who also said the US jobless ...

Bilateral trade between Israel and the UAE now stands at €712 million, according to Israeli government data. Trade between the two countries is expected to hit $1 billion by the end of ...

The total number of government-employed people increased during July, with 92 additional people joining the public sector, the Cyprus Statistical Service said in a report. This represents a 0.2 per cent year-on-year ...

The Cyprus Securities and Exchange Commission (CySEC) has issued a warning (see full text below) that a website hosted in India is set up as an impostor or counterfeit of ...

Lebanon’s Central Bank Governor Riad Salameh announced on Wednesday that the central bank will lift subsidies on fuel imports, al-Jadeed local TV channel reported. “The Central Bank of Lebanon ...

A new study by Saga has revealed that more than a third of Britons (36 per cent) have been unable to book a staycation in the UK this summer, TTG reported ...

Beer deliveries in Cyprus have increased year-on-year during the first seven months of the year, a report by the Cyprus Statistical Service has shown. According to the service, 19.49 million litres ...

For the euro area, as in the world as a whole, output is recovering back toward the pre-pandemic trajectory, economists have predicted. “While the Delta variant means the picture could ...

Limassol, August 10, 2021. For immediate release. As hospitality industry leaders, Kanika Hotels & Resorts have been pioneering holiday perfection for over 40 years. The key to that success is how the company ...