Cyprus Business News

The public consultation on “Vision 2035: Long-Term Strategy for the Sustainable Development of the Cypriot Economy,” was launched on Wednesday. Speaking at the launch conference, Finance Minister Constantinos Petridis noted that ...

Moody’s Investors Service has affirmed RCB Bank’s deposit rating and upgraded its outlook from stable to positive in its newly published and updated press release on the Bank. ...

The UK will on Wednesday announce demands that are expected to violate post-Brexit trading arrangements between Great Britain and Northern Ireland. The Northern Ireland Protocol, agreed by the UK and ...

The European Commission on Tuesday proposed the creation of an anti-money laundering authority to clamp down on financial crime across the European Union (EU). “These are bold steps to close ...

As Nicosia recovers from the pandemic, the Nicosia municipality is working to give local businesses close to the Green Line a boost. “A lot still hinges on how the pandemic ...

Israel’s Defence Ministry said on Monday that the export of cyber products, like spyware sold by NSO Group, was for lawful use and with the sole purpose of fighting ...

Sudan on Monday reiterated its rejection of Ethiopia’s completion of the second filling of the Grand Ethiopian Renaissance Dam (GERD). The Grand Ethiopian Renaissance Dam (GERD) is a 6,450 MW ...

The Cypriot economy continues to recover after registering an impressive year-on-year growth rate of 11.2 per cent in June according to a report by the University of Cyprus Economic Research Centre. ...

Binance said on Friday it had stopped selling digital tokens linked to shares, as Hong Kong’s financial watchdog became the latest in a string of regulators to crack down ...

The Organization of the Petroleum Exporting Countries (OPEC) and non-OPEC countries, known as OPEC+, agreed in an online meeting on Sunday to boost oil production by 400,000 barrels a day as ...

It’s Freedom Day in the UK, meaning that pandemic-related restrictions are gone, but Covid-19 cases in England are now the third-highest number in the world behind only Indonesia and ...

Syrian President Bashar al-Assad said on Saturday the main impediment to investment in the country was money stuck in ailing Lebanese banks. In a speech after being sworn in as ...

The Cyprus real estate market is finding its legs again, just as, across the globe, the housing market is booming – real estate investment is starting to make sense again. The ...

LearnWorlds, a company based in Cyprus, has procured a $32 million minority investment from global venture capital and private equity firm Insight Partners. This comes off the back of an impressive ...

Cyprus-flagged ships violate US sanctions at their own risk, as this country is not legally obliged to enforce those of the US. This is in reply to a Lloyds List ...

British-based banking app Revolut’s latest $33 billion valuation, achieved after a fresh funding round, has likely made its cofounder and Chief Executive Nik Storonsky a billionaire several times over. Russia-born ...

A decree by the Cypriot government dictating that all businesses give their employees additional annual leave for vaccinations increases costs for businesses, but many are willing to accept these expenses ...

Cyprus’ path to recovery “must and will” be aligned to sustainable development goals` Finance Minister Constantinos Petrides has said. Speaking at the virtual UN High-Level Political Forum to present Cyprus’ ...

The head of the Financial Reporting Council, the UK regulator overseeing financial reporting, told the Financial Times that it had botched the handling of a series of business scandals that ...

German car manufacturer Volkswagen and Chinese company Gotion High-tech have concluded a strategic cooperation agreement on the construction of a battery cell factory at Volkswagen Group Components’ site in Salzgitter, ...

“Today, the Cyprus Securities and Exchange Commission (CySEC) oversees 790 entities and 9 trillion transactions by Cyprus Investment Firms, placing it among the first markets in Europe in 2020,” noted CySEC Chairwoman Demetra ...

Turkey’s central bank kept interest rates unchanged for the fourth month in a row on Wednesday, as a weak lira and increasing inflation are expected to delay planned rate ...

The European Commission on Monday issued a further €10 billion to support Europe’s recovery from the coronavirus crisis and its consequences, the Commission said in a statement. It is the ...

Universal Hydrogen, a US firm that aims to do for clean fuel what Nespresso did for coffee, is poised to announce preliminary hydrogen deals with airlines including Icelandair, Airbus, and ...