Cyprus Business News

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 ...

ECB President Christine Lagarde has forecast a strong recovery in 2021. Speaking at the press conference following the ECB policy meeting on Thursday, Lagarde said: “The ongoing vaccination campaigns, together with ...

The government has decided to move ahead with the privatisation of the stock exchange, and to seek a partner exchange for it abroad, Cyprus Stock Exchange Chairman Marinos Christodoulides said ...

The European Central Bank (ECB) decided to leave the interest rates on the main refinancing operations, the marginal lending facility and the deposit facility unchanged at 0.00 per cent, 0.25 per cent ...

The Cyprus economy has slowed as businesses and consumers await the full rollout of vaccines which should mean an end to restrictions that are limiting economic activity, according to a ...

Three out of every four British manufacturers have experienced Brexit-related delays during the past three months and the government must sort out problems that are still affecting ports, industry group ...

Britain’s Marks & Spencer said on Thursday it would launch a wave of guest clothing brands on its website this spring, including Hobbs, White Stuff, Joules and Sloggi, in ...

Turkish President Tayyip Erdogan again on Wednesday defended former finance minister Berat Albayrak’s policies, despite the fact that Albayrak’s policies brought the country perilously near to a currency ...

Cyprus property sales fell sharply last year according to the Deloitte Cyprus Real Estate Market Report released on Tuesday. The total contracts of sales for Cypriot properties dropped 23 per cent ...

Murex, one of the most important financial software producers in Europe, will soon open offices in Cyprus, according to tech industry sources. The company is planning a move to Nicosia. ...

The European Commission has reached an agreement with BioNTech-Pfizer for the supply of four million more doses of COVID-19 vaccines for Member States in the next two weeks in order ...

Germany hopes that improved relations with the United States under US President Joe Biden will open the door for possible joint sanctions against China and Russia over human rights and ...

On Tuesday, EU Brexit chief Maros Sefcovic announced plans to take legal action against the UK over Northern Ireland measures, the Financial Times reported on Wednesday. The action is expected ...