Cyprus Business News

Dogecoin, the “joke” cryptocurrency, has suddenly gotten dead serious, as investors pile in funds, raising its market capitalisation to $9 billion. ‘It took about 3 hours to make’, said Billy Markus in ...

The Radisson Hotel Group is to open a string of new properties in Cyprus, according to a press release published on Friday. The planned Radisson Beach Resort Larnaca will offer ...

UK economic output fell 9.9 per cent in 2020, the largest drop in 300 years and more than twice the fall during the financial crisis, according to data released by the UK Office ...

The European Union will strive for close co-operation with Britain on financial services but London cannot expect “equivalence-based” access to the EU financial market if it diverges widely on rules, ...

After long being shunned by traditional financial firms, bitcoin has finally entered the mainstream. Bitcoin on Thursday jumped to a fresh all-time high after BNY Mellon said it formed a ...

Cyprus will see economic growth at the same, relatively low rate of most EU Member States in 2021. There is, however, “light at the end of the tunnel,” according to an ...

The European Parliament on Tuesday approved a Commission regulation to extend market support measures for the wine sector until 2021. The decision was passed at the plenary voting session without a ...

There is no reason why a bad bank would not work in Cyprus, as it has in many other countries. It all depends, experts say, on how it is managed. ...

Jet2 will not fly until well after the Easter holidays, the company said in a statement on Tuesday. “Due to the ongoing uncertainty and travel restrictions caused by the Covid-19 ...

Hellenic Bank on Wednesday announced the resignation of Lars Kramer from the position of Executive Member of the Board of Directors. Kramer is to remain as Chief Financial Officer of ...

Twitter Inc on Tuesday beat analyst expectations for quarterly sales and profit and followed its social media peers to forecast a strong start to 2021 as ad spending rebounds 31 per cent ...

Rates for container shipping have skyrocketed up to nine times regular levels, as global container blockages keep goods stuck in ports. There are reports of fruit rotting in containers waiting ...

Inflows of Foreign Direct Investment (FDI) in Cyprus during the first three quarters of 2020 were down a staggering 96 per cent compared with the same period in 2019, according to statistics from ...

Bitcoin extended gains on Tuesday to a record high as the afterglow of Tesla Inc’s $1.5 billion investment in the cryptocurrency had investors reckoning it would become a mainstream asset ...

Tesla Inc expects to allow customers to pay for its electric vehicles with bitcoin soon, the automaker said on Monday, a move that could expand how the most popular cryptocurrency ...

The Cyprus economy slowed in January, as the restrictions shut down many forms of economic activity. But a substantial rebound is expected after the vaccination programme is implemented, and economic ...

Cyprus’s Aphrodite gas field, located in located in Block 12 of Cyprus’s exclusive economic zone, and with reserves of 129 billion cubic metres, is expected to begin production in 2025. But ...

Following the recent announcement of the new EU-UK Trade and Cooperation Agreement (UK –EU TCA), ACCA (the Association of Chartered Certified Accountants) and the Institute of Certified Public Accountants of ...

Small Estonian firm Fermi Energia said on Monday it was raising capital to start the official planning process for a new generation small modular reactor (SMR) which would be one ...

Libya’s parallel eastern administration welcomed Friday’s announcement of a new interim government to unite the country, but added it would only cede power if the eastern-based parliament approved. ...

Oil prices rose on Monday to their highest in just over a year, with Brent futures nudging past $60 a barrel, boosted by supply cuts among key producers and hopes for ...

“Take intelligent risks, rather than follow the crowd,” advised Edward C. Johnson II who founded Fidelity in 1946. Today, Fidelity is one of the world’s largest asset managers with $3.3 trillion ...

A five-week lag on the vaccination front. If left uncorrected, that would cost close to €90 billion euros in output this year, equivalent to two percentage points of lost quarterly GDP ...

Company directors will become personally liable for the accuracy of their financial statements under landmark proposals from Britain’s finance ministry next week to improve corporate behaviour, sources familiar with ...