Cyprus Business News

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 ...

Futures on ether, the second largest cryptocurrency in terms of market capitalisation and daily volume, will launch late Sunday on derivatives exchange CME, as investors seek to take advantage of ...

Here are some things you can learn on TikTok: how to make a hot cocoa bomb; how to use pasta water; how to lip sync; how to make your hair ...

Hezbollah, a Shiite political party and militant group, has long held great leverage over politics and business in Lebanon. But now the group, which is on several lists as a ...

The US is signaling that it is ready to end sanctions on the Nordstream 2 pipeline, according to a report published by German newspaper Handelsblatt. Under US President Joe Biden, the ...

Following a fifteen-year steady increase in world demand for Halloumi, export growth declined 2020, especially in the final quarter of the year, as restaurant closures across Europe stifled consumption of the ...

Sales of electric and plug-in hybrid cars in the European Union almost trebled to over 1 million vehicles last year, accounting for more than 10 per cent of overall sales, data showed ...

Discussions of the Cyprus proposals in the draft Plan of Recovery and Sustainability (European Recovery funding plan) are to begin on February 11, according to a press release from the finance ...

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 ...