Cyprus Business News

In the context of their strategic collaboration in the hospitality sector, Invel Real Estate, PRODEA Investments and the Cypriot-based YODA Group of Ioannis Papalekas announce the acquisition of 45 per cent ...

An independent committee including lawmakers and a number of business leaders has been set up to scrutinise and improve the UK’s Brexit deal with the EU, according to a ...

French lawmakers voted late on Saturday to abolish domestic flights on routes than can be covered by train in under two-and-a-half hours, as the government seeks to lower carbon emissions ...

Bitcoin rose above $60,000 to approach record highs on the weekend, breaking out of a two-week tight range and propelled by talk of constrained new supplies against evidence of wider adoption. ...

Euro zone banks borrowed a record €1.31 trillion ($1.47 trillion) from the European Central Bank on Thursday, taking advantage of negative interest rates to meet growing demand for credit from companies seeking ...

The euro is in a comeback phase against the pound, due to vaccination rollout improvements and some good economic data. “The British pound is on course to record its sharpest ...

Venus Minerals has started diamond drilling in the Troodos, and this means that Cyprus will soon be able to take advantage of the rising demand for copper. “Cyprus can play ...

Hellenic Bank has posted its financial results for the previous fiscal year, exhibiting a solid foundation for the year to come, despite reduced profit and total net income due to ...

The Turkish central bank’s net international reserves fell to its lowest level since 2003 at $10.68 billion as of April 2, from $12.79 billion a week earlier, data showed on Thursday. The exchange ...

Foreign lenders including HSBC and Wells Fargo are cutting ties with Lebanon’s central bank, sources familiar with the matter told Reuters, underlining the country’s international isolation as it ...

Cyprus professionals have mixed feelings about the proposal from the US Treasury Secretary Janet Yellen to establish a global minimum corporate tax. “It’s impractical and makes no sense in ...

Invest Cyprus, a government agency tasked with promoting Cyprus as an attractive destination for doing business in a wide range of industries and market segments, has launched a new initiative ...

In its research, credit agency S&P notes several themes that weigh against the Cyprus economy – the other credit agencies also make the point that these issues are holding ...

The chief executive of British airline EasyJet said on Tuesday that the cost of COVID-19 tests sometimes exceeded easyJet’s ticket prices. “That means that you wouldn’t open up ...

Carnival Corp, the world’s largest cruise operator, is currently not taking a position on mandatory Covid-19 vaccinations for passengers before traveling, a company spokesman told Reuters on Tuesday. The ...

Valneva on Tuesday reported positive results for its Covid-19 vaccine in early stage clinical trials and said it planned to launch a Phase Three trial this month. The French drugmaker, ...

The US Supreme Court handed Alphabet Inc’s Google a major victory on Monday, ruling that its use of Oracle Corp’s software code to build the Android operating system ...

The cryptocurrency market capitalisation hit an all-time peak of $2 trillion on Monday, according to data and market trackers CoinGecko and Blockfolio, as gains over the last several months attracted demand ...

Some 50 members of Congress on Monday urged US Trade Representative Katherine Tai to seek removal of 25 per cent tariffs on American Whiskey imposed by the European Union and Britain in ...

The British Travel Association has called Boris Johnson’s delay of any decision on allowing international travel “beyond disappointing.” The prime minister said he was “hopeful” that foreign travel could ...

Chinese tech giant Tencent’s Timi Studios, maker of popular video games Honor of Kings and Call of Duty Mobile, generated revenue of $10 billion last year, two people with direct ...

Turkey’s inflation jumped to 16.19 per cent in March, the Turkish Statistical Institute announced on Monday, rising for a sixth straight month after the sharp decline of the lira. The ...

In August, the price of an ounce of gold broke through the key resistance level of $2,000. Now it’s fallen back to about $1,700 per ounce. Does this mean that gold ...

Part II: Natasa Pilides, minister for energy, commerce and industry, has kindly conceded to Dr. Charles Ellinas and Andrew Rosenbaum a major update on energy policy and legislation. The Minister ...