Cyprus Business News

Why do people always say, ‘I hate to say I told you so,’ when in fact we know they love it. So we will not hesitate to remind you that, ...

Cyprus ranked in 33rd place in the 2021 Institute for Management Development World Competitiveness Ranking Cyprus dropped three places in the ranking from the previous year, according to the survey which ...

Copyright trolls can turn to EU rules to demand compensation for infringed works on peer-to-peer networks but only if their requests are proportionate, Europe’s top court said on Thursday. ...

Italian Prime Minister Mario Draghi on Thursday signed a decree to create “green pass,” a digital proof that the holder is not infected by the coronavirus. The system, which became ...

Running is viewed as an isolated form of exercise. Limassol-based Fun Run Cyprus is here to change that perception by cultivating a community of like-minded people who help support each ...

By Ioannis Tirkides Optimism is rising high in the global economy for the recovery in 2021-22, and growth forecasts are being revised higher. The European Commission now expects real GDP ...

Bank of Cyprus announced on Thursday that it has successfully completed the issuance and sale of a €300 million high-priority bond through its European Medium-Term Bond Loan Program (EMTN Program), the ...

Federal Reserve officials signaled on Wednesday that they expected to raise interest rates from near-zero levels sooner than they had previously forecast. The euro and the pound both fell sharply ...

German supermarket chain Lidl captured a new record market share of 6.2 per cent across Europe during the previous year as the entire sector bucked wider retail trends for a strong ...

Cyta saw its highest after-tax profit in nine years of €70.8 million for the full year of 2020, and announced a positive outlook for its results in 2021, at a press conference on ...

The United States and the European Union have agreed a truce in their near 17-year conflict over aircraft subsidies, suspending for five years one set of Trump-era tariffs which had ...

A digital euro could suck away 8 per cent of euro zone banks’ customer deposits, analysts at Morgan Stanley have estimated, although the share may be far higher in some of ...

Turkey has just discovered another 135 billion cubic meters (bcm) natural gas in what is proving to be a prolific Sakarya gasfield in the Black Sea, raising the total discovered so ...

Cyprus is not a tax haven but it is a competitive investment destination due to the legal framework, investors, natural wealth and skilled labour, finance minister Constantinos Petridis told CNBC ...

Hyundai Motor Co (005380.KS) and General Motors Co (GM.N) said on Monday they are pushing ahead with developing flying cars, with the South Korean company expressing optimism it could ...

US Federal Reserve officials are expected to begin debate on tapering the Fed’s monthly asset purchases as soon as this week’s policy meeting, but the central bank is ...

Italians under the age of 60 who received a first dose of the AstraZeneca (AZN.L) Covid-19 vaccine, known as Vaxzevria, can be given a different vaccine when they get their ...

Lebanon’s currency crashed on Sunday reaching a new low against the dollar, as the country’s financial meltdown continues: Food is unaffordable, hospital are closed, petrol is unavailable, the ...

After months of deliberations and legislation, the EU Digital Covid Certificate took off on Monday, according to a press release by the Commission. Member States will not be permitted to ...

Bitcoin surged 9.8 per cent to $39,035.47 on Sunday, adding $3,492.71 to its previous close. Bitcoin, the world’s biggest and best-known cryptocurrency, is up 40.7 per cent from the year’s low of $27,734 ...

Britain’s recovery from the Covid-19 pandemic sped up in April as lockdown measures eased, with the fastest monthly growth since July leaving output a record 27.6 per cent higher than ...

France said on Sunday it would provide Egypt with some €1.8 billion ($2.2 billion) in financing for projects including the Cairo metro, power generation and water management, in what officials called a ...

Now that Elon Musk seems have finished tweeting about bitcoin, the overall movement that is pushing the cryptocurrency higher is taking hold again. Musk’s latest tweet showed “#Bitcoin” with ...

“Israelis’ cultural affinity with Cypriots is growing and developing, and this supports business collaboration just as much as deals and shared technology,” the Israeli Ambassador to Cyprus Shmuel Revel points ...