Cyprus Business News

Cyprus’s 2021 budget targets a wider deficit than we had previously expected, but fiscal performance should still be strong relative to regional and ratings peers, Fitch Ratings said in a ...

PayPal said it was expecting an addition of about 50 million active users in 2021 and forecast annual revenue of about $25.5 billion, well above the $21.4 billion estimated by analysts. Its shares were ...

Denmark will launch a vaccine passport by the end of the month, and those who hold it will obtain special privileges, the Danish government announced on Wednesday. Morten Bodskov, Denmark’...

Lawyers on both sides of the Channel have been left in limbo by the Brexit accord. Although Prime Minister Boris Johnson has claimed that “solicitors and barristers got a good ...

Annual Turkish inflation rose 15 per cent in January from 14.6 per cent a month ago. Core inflation, which strips out food and energy prices, also increased to 15.5 per cent, the Turkish ...

Certain television advertising in Ryanair’s ‘Jab & Go’ ad campaign has been banned by the UK Advertising Standards Authority (ASA). The tv ads showed a syringe, and a vaccine ...

EFG International, a private banking group, is expanding its presence in Cyprus after receiving regulatory licences from the Cyprus Securities and Exchange Commission (CySEC) and the Central Bank of Cyprus (...

Limassol-based gaming producer Nexters Global, the game developer behind Hero Wars and Throne Rush, is going public in a Special Purpose Acquisition Company (SPAC) deal with the Moscow-based Kismet Acquisition ...

Amazon Web Services (AWS) chief Andy Jassy will replace billionaire founder Jeff Bezos as Amazon.com’s next chief executive officer. Here’s what we know about the incoming CEO: ...

One year into the coronavirus pandemic, Ethiopia looks set to become a test case for how the world’s poorest countries deal with huge debt increases as the crisis bites. ...

The government of Cyprus on Tuesday raised €1 billion with the sale of a five-year Euro Medium Term Note (EMTN). The debt security sale is part of the planned issuance by ...

Ryanair on Tuesday announced that it will add five additional flights every week from Paphos to Tel Aviv as part of its Summer 2021 schedule. Following strong demand from Cypriot consumers, ...

In the next two years, Cyprus investment projects in tourism will include nine large-scale mixed-use developments (completion date 2022), an integrated Casino Resort by the international casino giant Melco. an investment ...

The rollout by Cyta of the first 5G network for Cyprus on Sunday offers vast opportunities for business, creating a new market for services and the ability to make use ...

Ryanair expects to lose close to €1 billion euros ($1.2 billion) in its current financial year, by far its worst ever performance, but Chief Executive Michael O’Leary forecast a “dramatic recovery” ...

Cyprus will recover in 2021, however the recovery will be slower and weaker than initially expected, according to a forecast published on Monday by the University of Cyprus Economic Research Centre. ...

Dutch central bank governor Klaas Knot said on Sunday he was “cautiously optimistic” on the chances for economic recovery later in the year, as COVID-19 vaccinations could enable countries to ...

Silver prices leapt to a five-month high on Monday and small silver miners listed in Australia surged after social media calls to buy the metal and emulate the frenzy that ...

Irish freight volumes to and from European Union ports doubled in January, the government said on Monday, as many traders shunned the once-speedier route to the continent through Britain due ...

AstraZeneca will deliver nine million more doses of its COVID-19 vaccine to the European Union in the first quarter of this year, making a total of 40 million for the period, ...

Dubai’s house prices are expected to fall at a slower pace this year and next than previously thought as hopes for a successful vaccine rollout and an economic recovery ...

By Manos Panayiotou, advisor in Wealth & Investment Services at Hellenic Bank Every day people struggle to balance logic and sentiment. Every individual needs to find the perfect compromise to ...

The U.S. Securities and Exchange Commission waded into the battle between small investors and Wall Street hedge funds on Friday, warning brokerages and social-media traders it was on alert ...

President Recep Tayyip Erdogan has committed the Turkish government to economic reform, but his alliance with the right-wing nationalist MHP party — which is closely allied with the Turkish Mafia — appears ...