Cyprus Business News

French Finance Minister Bruno Le Maire and his new US counterpart Janet Yellen agreed to seek an international agreement on new rules for taxing multinational businesses, the US Treasury and ...

The British pound retreated on Thursday from the multi-month highs it hit in the previous session, as investors tempered some of their optimism about COVID-19 vaccinations in the UK. Sterling ...

Members of a discussion group on the social news and chat site Reddit (page ‘R/WallStreetBets’) have been able to drive up the stock price of Gamestop by 1,700 per cent. ...

Wizz Air on Thursday announced the addition of three new destinations from/to Larnaca. There will be new routes to Oslo, Tel Aviv and Kharkov along with the allocation of ...

Cyprus Finance Minister Constantinos Petrides said on Thursday that the island’s economy should rebound with 4.5 per cent growth, while unemployment should decline. Speaking at InvestCyprus’s 5th Cyprus International ...

Early signs of disruption caused by Britain’s shift to its new, less open trading relationship with the European Union are emerging in economic data. A Confederation of British Industry ...

Pimco, or the Pacific Investment Management Company, is an American investment management firm founded in 1971 in California. The firm focuses on bonds and today manages more than $1.92 trillion in assets. ...

“Cyprus is changing, and we are moving in the right direction, with increasing recognition of the role of technology in our economy. But there is still not sufficient support for ...

Russian Federation President Vladimir Putin told the international leadership at Davos that “Russia, Turkey and Iran have done a lot to stabilize the situation in Syria. And we’ve been ...

Teenage activist Greta Thunberg told the Davos Agenda forum on Friday that “current targets for climate change equal surrender.” Her message was: “My name is Greta Thunberg and I’m ...

Microsoft Corp on Tuesday reported its Azure cloud computing services grew 50 per cent, the second quarter of acceleration in a business that had begun to slow as the global pandemic ...

The inauguration yesterday of Joe Biden as 46th US president is, overall, good news for European investors. The most basic element of progress is unquestionably that the turmoil of the ...

Plans to upgrade houses, making them more energy efficient, were presented today by Natasa Pilides, the Minister of Energy, Trade and Industry. At the same time, a scheme to make ...

Cyprus is evolving, attracting new investment with business-friendly initiatives that have substantially increased the island’s appeal in today’s hi-tech world, and part of that is an ever-growing database ...

Chinese President Xi Jinping warned that a “new cold war” could turn hot, and must be avoided, in a speech on Monday at World Economic Forum’s virtual “Davos Agenda” ...

The pandemic and lockdown has businesses all over Cyprus finding ways to work via online communications. Never has the need for a secure and efficient computer network been greater. But, ...

By Christos Karaolis, president of the National Federation of Cypriots in the UK The Covid-19 pandemic has shaken the global economic system and forced a radical re-think of the strategies ...

Netflix, with $25 billion in revenue, and $2.7 billion in profit in 2020, is promising us all plenty to watch in 2021. Netflix’s business model calls for setting aside short-term profit in order ...

“Blockchain technology follows the so called Gartner’s Hype Cycle that all nascent technologies go through. A lot of hype initially, many promises, people trying to invest or make money ...

“In business, authenticity matters; here, Cyprus has a strong voice, and that makes a difference,” comments Vicky Crease, a leader in the events industry with Cypriot roots in South Africa. “...

For PwC CEO Evgenios Evgeniou, Cyprus, coming out of the pandemic, has a critical need to make its business culture more creative and adaptive – in some senses, the Fourth Industrial ...

The pandemic has led to a mindset that is negative and unable to change. We often forget that our situation will not get better by chance but through our ability ...

“Cyprus has the capability to make the shift to a kind of Fourth Industrial Revolution orientation. A lot of emphasis in the past has been on things like accounting services, ...

“Working in Cyprus, we create an island within an island. Our focus is implementing our own culture not benchmarking against other companies in our sector. We are able to find ...