Cyprus Business News

China and Iran, both subject to US sanctions, signed a 25-year cooperation agreement on Saturday to strengthen their long-standing economic and political alliance. “Relations between the two countries have now ...

Turkey has approved development plans for a huge canal on the edge of Istanbul, Environment Minister Murat Kurum said on Saturday, advancing a project which has attracted criticism over its ...

French Foreign Minister Jean-Yves Le Drian said on Friday Europe would not let itself be subjected to “a kind of blackmail” by Britain over supplies of Covid-19 vaccines. European Union ...

EU experts say that nuclear power is a green investment, according to a document reviewed by Reuters. The Commission asked the Joint Research Centre (JRC), its scientific expert arm, to ...

Investors around the world have poured money into Exchange-Traded Funds (ETFs) this year. More than $800 billion have been invested thus far this year, up from $600 billion in assets under management ...

Stellantis NV and Chinese electric vehicle maker Nio became the latest carmakers to announce new production cuts as a result of a global semiconductor chip shortage. Stellantis said on Friday ...

Credit agency Fitch Ratings on Friday affirmed Cyprus’s ‘BBB-‘ credit rating in a note. A ‘BBB-‘ rating indicates a low indication of default, but some business or economic factors ...

Swiss bank EFG got a solid thumbs-up from credit rating agency Moody’s on Friday, in a review. Moody’s noted the the Zurich-headquartered banking group’s absolute and relative ...

Royal Caribbean International has revealed Jewel of the Seas will be sailing seven-night cruises from Limassol, Cyprus, this summer. Starting July 10th, the vessel will call Cyprus home for the ...

EU leaders have agreed to allow the EU Commissioin to put the brakes on vaccine exports. On Thursday, the European Council gave the Commission freedom to exercise a mechanism to ...

In 2020, as the world convulsed under COVID-19 and the global economy faced its worst recession since World War II, billionaires saw their riches reach new heights. Now some are talking ...

Reeling from the blockage in the Suez Canal, shipping rates for oil product tankers have nearly doubled this week, and several vessels were diverted away from the vital waterway as ...

By George Eid and Andrew Rosenbaum Last week, Roger Zaccar moved his company, which disrupts insurance sales with a mobile app, from Beirut to Limassol. Zaccar told the Cyprus Mail ...

Fidelity applied on Wednesday to launch an exchange traded fund to track the performance of bitcoin, the latest move on Wall Street to embrace the digital currency. Fidelity’s Wise ...

Only a few weeks ago, many European countries were hoping their more affluent citizens would by now have started spending nest eggs built up during the pandemic to trigger a ...

As protests flare in the streets of Beirut every day, and the cost of living rises to levels that nearly half the population of the country cannot afford, experts and ...

“We have the possibility to forbid planned exports. That is the message to AstraZeneca,” warned European Commission President Ursula von der Leyen, in a speech made on Sunday. The European ...

UK Prime Minister Boris Johnson has promised to provide a full-scale travel update on restrictions on April 5. Speaking at the government’s latest Covid-19 briefing on Tuesday, Johnson said he “...

The value of total Assets Under Management with Cyprus funds reached €8.58 billion in the 4th quarter of 2020, a 10.3 per cent increase from the third quarter of that year. Assets under ...

“There will be no extraordinary meeting of the policy committee at the central bank, nor will any steps be taken to defend the Turkish lira,” the Turkish President’s Chief ...

Italy’s Neosperience has developed a way to detect Covid-19 infections by analysing a person’s speech or cough, the software company announced on Tuesday. Neosperience President Dario Melpignano said ...

One in five of the world’s 2,000 largest publicly listed companies have now committed to a “net-zero” emissions target to help tackle climate change, researchers said on Tuesday. The companies, ...

Top 10 Unicorns in Europe by value 1 – Klarna (Sweden). Valuation: $10.65bn. Sector: fintech 2 – Bolt (Estonia). Valuation: $4.3bn. Sector: transport 3 – Northvolt (Sweden). Valuation: $3.55bn. Sector: energy 4 – Otto Bock (Germany). Valuation: $3.5bn. Sector: ...

Hellenic Bank has named Oliver Gatzke, a German banker with years of experience in both financial restructuring and fintech as CEO. The 52-year old Gatzke is well-known in European banking ...