Cyprus Business News

The Covid-19 pandemic has accelerated the move to cashless payments, a study shows. “Between 2009 and 2014 the total value of cash-free transactions worldwide increased by almost half, from £269 billion to £389.7 billion,” ...

The Cyprus statistical service has released data showing that the trade deficit increased during the first half of the current year. The trade deficit for Cyprus increased by €573.6 million during ...

Due to years of fiscal mishandling and skyrocketing operational costs, Lionel Messi, arguably the greatest player of all time has left Barcelona – the club he called home for 21 years. “We ...

2021 will be the first year in the history of container shipping when carrier profits approach $100 billion and average freight rates jump by 50 per cent, according to the latest edition of ...

Ryanair has announced a new base opening in Newcastle for Summer ’22, with a new roundtrip route added to Paphos. Ryanair said that there is “massive demand,” in a statement on ...

Hellenic Bank has accumulated a property portfolio worth €300 million and is now looking to sell it. The properties were the result of borrower debt and related debt restructuring initiatives and ...

Business in Limassol is better this year by Kyriacos Nicolaou and Andrew Rosenbaum Business in Limassol is “not as gloomy” this year as it was in 2020, according to a survey ...

Broad inflation risks are beginning to cast a shadow over the European economy, though analysts say the trend is still not serious enough to spark changes in monetary policy. Eurostat, ...

The pound extended recent gains to hit its strongest level since February 2020 against the euro on Friday, but it fell versus the dollar after better-than-expected U.S. payrolls data boosted ...

There are early signs that people who have been vaccinated against Covid-19 may be able to transmit the Delta variant of the virus as easily as those who have not, ...

Global gas prices are expected to break records this winter as a hot northern hemisphere summer leaves inventories low in key markets, just as green energy drives ramp up in ...

The most devastating frost in decades in top coffee producer Brazil and record freight costs sparked by Covid-19 causing massive shipping logjams are expected to push retail prices to multi-year ...

Europe’s banks are stashing cash to pay bumper bonuses to top performers, amid a deal frenzy driven by pent up demand from the COVID-19 pandemic and rebounding bank profits. ...

The economic consequences of a sustained pandemic would be catastrophic. Ioannis Tirkides, chief economist at Bank of Cyprus* The emergence of a new variant, the Delta, and people’s hesitancy ...

ASBIS, an information and communications technology distribution company based in Limassol, has announced that it has made a property acquisition to the tune of €6.2 million. The recently acquired 5,735 square metre ...

While the concept of decentralisation has been around for more than a decade, an explosion of interest in decentralised finance has been observed over the past few months. By Alexandros ...

Air traffic in European airspace exceeded Eurocontrol’s “optimistic” scenario in July, as flight numbers reached 65 per cent of 2019 levels. The European air traffic manager had made a baseline forecast ...

The Cyprus Hoteliers Association has presented a plan detailing how the sector can recover in Cyprus. “Hoteliers remain focused on achieving the ambitious objectives that have been set despite the ...

The Bank of England said on Thursday it could see a modest reduction ahead in the huge support it has provided to Britain’s economy during the Covid-19 pandemic and ...

The European Commission, the International Monetary Fund National and the credit rating agency Moody’s have reported that the Cyprus Government has managed the Covid-19 crisis relatively well, with considerable ...

Law firm Elias Neocleous & Co has on Wednesday initiated the beta testing phase of its cutting-edge legal technology solution Neolaw.ai. Working with machine learning and Artificial Intelligence, Neolaw....

Prime Minister Boris Johnson urged British pension fund managers to put more of their clients’ money into illiquid long-term investments in infrastructure and unlisted companies, raising the prospect of fatter ...

The Institute for Research and Innovation in Health (i3S) at the University of Porto announced on Wednesday it has discovered the mechanism that defines why the severity of COVID-19 ...

Cyprus-based Vioiatriki Laboratories are offering a cellular immunity test for Covid-19, according to a statement. “Cellular immunity begins almost simultaneously with the production of antibodies to the virus after disease ...