Cyprus Business News

Budget airlines Ryanair and EasyJet are both predicting a boom in summer travel this year. But the “jury is still out,” say travel industry analysts at ING. Full recovery for ...

European Commission proposes to create a Digital Green Certificate to facilitate safe free movement inside the EU during the Covid-19 pandemic, according to a press release on Wednesday. Commissioner for ...

Market dealers said the Lebanese pound was trading at around 15,000 to the dollar, having lost a third of its value in the last two week to stand at barely a 10...

Inflows into cryptocurrency funds and products have already hit a record $4.2 billion for the first quarter, reflecting growing institutional investor interest, CoinShares data showed. The previous high for crypto inflows ...

In a major victory for unions, Uber’s more than 70,000 British drivers will be paid the minimum wage while picking up and driving passengers as part of the ride-hailing company’...

Multi-asset investment platform eToro, which has an important presence in Cyprus, said on Tuesday it will go public through a merger with a blank-check firm backed by banking entrepreneur Betsy ...

Russian tourists are expected to be welcome in Cyprus as of April 1, according to sources close to the deputy ministry of tourism. Phillip Orphanides contributed to this article. Tourism operators ...

Germany is betting the US administration will take a pragmatic approach to the Nord Stream 2 project to ship Russian gas to Europe and is pushing for the pipeline’s completion ...

Finnish telecom equipment maker Nokia on Monday announced it has partnered with Microsoft, Amazon web services and Google to develop new cloud-based 5G radio solutions with its radio access network (...

Qatar Petroleum, the world’s top liquefied natural gas (LNG) producer, is cranking up the pressure on high-cost rivals with bold expansion plans that will boost supplies over the coming ...

Publicly, the European Union has dismissed Russia’s global coronavirus vaccine supply campaign as a propaganda stunt by an undesirable regime. Behind the scenes, the bloc is turning to Moscow’...

Lufthansa sees the demand for tickets in and around the Easter weekend increasing to such an extent that the German airline has almost doubled the number of scheduled flights during ...

The world’s most popular cryptocurrency slipped as low as $58,956.90 early in the Asian session, falling from Saturday’s record high of $61,781.83, then came back to $59,315. The price in euros ...

But market participants say it illustrates a confidence among investors that the top end of office real estate will withstand the coronavirus shock – even as questions hang over the viability ...

Carnival Corp Chief Executive Arnold Donald anticipates at least two more tough years for the cruise industry, which is unlikely to return to pre-pandemic levels until at least 2023, the Financial ...

CEOs are more optimistic about the outlook for their businesses. Some 36 per cent of those polled said they are “very confident” about their organisation’s prospects for revenue growth over ...

The search for yield is turning many unlikely collectibles into gold. The latest of these is sneakers. The trick is to buy really cool sneakers at the retail price, hold ...

Why are investors are shelling out large sums for so-called crypto art – Non-Fungible tokens or NFTs? For example, the cartoon frog HomerPepe sold for $320,000; The musician Grimes (no first name) ...

“In Cyprus, there has been a lot of interest and progress in digital marketing in recent years, particularly during the last 12 months of the pandemic,” comments Julia Papageorgiou, managing director ...

Corporate tax hikes are coming, expected to reverse decades-long decline. Few governments struggling to vaccinate populations and reopen economies are likely to raid companies just yet. Many are still offering ...

Turkey’s President Recep Tayyip Erdrogan on Friday announced a series of ‘economic reforms,’ but these do little to address the issues needed to restore growth and curtail inflation. Erdogan’...

The John Lewis Partnership warned more of its department stores would be permanently closed after the “economic earthquake” of Covid-19 sent Britain’s biggest employee-owned group to a £517 million ($721 million) ...

A Japanese-Australian venture has begun producing hydrogen from brown coal in a A$500 million ($390 million) pilot project that aims to show liquefied hydrogen can be produced commercially and exported safely ...

In the German town of Dessau, one of the sites of the Bauhaus art school, an institute was set up in 1921 to mass-produce vaccines that later helped strengthen the German ...