Cyprus Business News

Cypriot banks’ sizable property portfolios expose them to excessive property market risks, the Central Bank of Cyprus said in its Annual Report for 2020. According to the report, as of September 30, 2020, ...

The International Monetary Fund (IMF) has published a proposal to “end the pandemic” with $50 billion in financing for vaccinations, the organisation said in an note on Friday. The proposal’s ...

The government should begin gradually withdrawing the support schemes it has promulgated during the pandemic crisis, the Central Bank of Cyprus said in its Annual Report and Financial Stability Report. ...

The Cypriot government has given an update on its fast track mechanism to facilitate foreign companies’ ability to relocate or open branch offices in our country — more than 50 companies from ...

EP and Council negotiators reached on Thursday a provisional deal for an EU digital Covid certificate to facilitate free movement in Europe during the pandemic, the EU Parliament said in ...

EasyJet announced it expects to fly 15 per cent of its normal schedule between April and June, in a statement of its results released on Thursday. The airline said it may ...

The COVID-19 crisis has forced many companies to think about working from home. The pandemic and the use of videoconferencing globally has shown that remote working is finally here, to ...

Germany’s top-flight soccer league has scrapped plans to sell a 25 per cent stake in its overseas broadcasting rights after resistance from Bundesliga clubs concerned about private equity firms meddling ...

By Pavlos Loizou, managing director, WiRE The Cyprus market for office space is expected to decline 10 per cent to 15 per cent as companies adopt the remote working model, Pavlos Loizou, ...

Hellenic Bank has been ranked by Global Finance magazine among the top banks in the world because they managed to rapidly and effectively adapt to the new circumstances created by ...

Some examples of funding €40 million will go to SMEs and councils and communities €20.5 million for energy efficiency for homes and renewables €78.4 million for improvement business competitiveness €96 million for improvement of ...

Bitcoin’s smaller rivals are eroding its share of the $2 trillion digital currency market. Of the dozens snapping at its heels, most have little use beyond financial trading – but few ...

Cyprus has one of the lowest percentages of workers who usually work from home in the European Union a report from the European Statistical Office (Eurostat) has revealed. Cyprus vs ...

Cyprus minister of energy, commerce and industry Natasa Pilides presented a new scheme on Tuesday, May 18, to promote new business activity on the island. The scheme includes a budget of €30 ...

Secretary of State for Health and Social Care Matthew Hancock said on Monday that UK residents “should certainly not” travel to destinations in the Amber list of the country’s ...

Goldman Sachs (GS.N) will launch an app for UK users of its digital bank Marcus over the following weeks and plans to offer automated investment management to clients in ...

The European Commission wants to propose in 2023 a more unified way of taxing companies in the European Union, hoping that such rules, which have failed to win support in the ...

The Cyprus business and professional climate, which had deteriorated in March 2021, has strengthened significantly in April of this year, according to a report by the University of Cyprus Economic Research ...

“Our business has survived many wars, but this crisis is different,” says Hani Bohsali. Businesses that have been operating in Lebanon for more than 100 years, are today struggling to survive, ...

The German Green party’s candidate for chancellor, Annalena Baerbock, plans to cut jet fuel subsidies and abolish short-haul flights if she comes to power, she told weekly Bild am ...

Covid-19 infections in adults of all ages fell by 80 per cent five weeks after a first dose of Pfizer (PFE.N), Moderna (MRNA.O) or AstraZeneca (AZN.L) vaccine, according ...

An unexpected rise in inflation in the US has pundits yapping across the globe about the dangers of inflation. Consumer prices in the US rose 4 per cent on an annualised ...

Global ratings agency S&P on Friday affirmed its long-term sovereign credit rating on Israel at “AA-/A-1+” and maintained its outlook at “stable”. Despite security and political risks ...

Canadian-owned Malta-based pharmaceutical company Materia has just won European Union certification for its Malta-based production facility, allowing it to distribute medical cannabis flower across the continent. Cyprus is beginning to ...