Cyprus Business News

European Investment Bank survey has shown that 51 per cent of Cypriot firms have cut investment during the Covid-19 pandemic, well below the EU average of 45 per cent. The survey, which ...

Germany’s financial watchdog has filed a criminal complaint against Greensill Bank’s management for suspected balance sheet manipulation, according to people briefed on the matter, the Financial Times reported ...

Amazon.com Inc (AMZN.O) will open its first-ever physical store outside the United States on Thursday. It is a first step in a global plan for expansion that is ...

The future for Cyprus professional services is to use its vast know-how and experience in international markets, and to do this, planning is needed, Marios Klitou, CEO of Baker Tilly ...

Just because cars are going electric, is not to say they are getting boring. Rather the opposite: the move towards electrification is producing some of the hottest automotive propositions in ...

Britain’s finance minister Rishi Sunak on Wednesday launched a new state-backed loan scheme for businesses hit by the COVID-19 pandemic, replacing existing programmes that have seen struggling businesses borrow ...

Cyprus on January 4 activated the beneficial owners register, thus completing the transposition of the 4th AML Directive (Directive (EU) 2015/849 of the European Parliament and of the Council of 20 May 2015 on ...

Germany’s financial watchdog has taken direct oversight of day-to-day operations at Greensill Bank, as the lender’s ailing parent company warned that its loss of $4.6 billion of credit insurance ...

Britain’s big four banks amassed more than £200 billion ($277.52 billion) of new deposits last year as customers reined in spending through pandemic lockdowns, far outstripping extra lending to struggling businesses ...

The market for Cyprus office real estate is forecast to fall 10 per cent to 15 per cent in aggregate office demand this year, reports Wire-FS, an independent real estate asset management ...

A film called Nobody is to be released on Friday – it tells the story of an innocent person who inadvertently becomes the target of a vengeful drug lord. Know who’...

Turkish Airlines posted a net loss of $836 million for 2020, according to a report on financial results released on Monday. The Turkish national airline, which is 49.12 per cent owned by the ...

The world’s biggest central banks will happily live with higher inflation and investors now aggressively betting on a quicker end to monetary stimulus are all but certain to be ...

Bitcoin is forecast to become an important instrument in international trade, as well as a means to protect businesses from forex risk, according to a report released by Citigroup’s ...

By Andrew Rosenbaum and Karim Arnous As an architect Yiannis Armeftis has done much to beautify Limassol. Now, as a leader of the newly established initiative in Limassol, he has ...

China’s rare earths are underpriced due to vicious competition and face low resource utilisation, which would lead to a race to the bottom, the country’s industry minister said ...

Much like an abandoned mansion that is falling apart from negligence, the Lebanese economy is decaying day-by-day as the ruling political parties stand by and watch. Unable to produce a ...

“You have to keep in step with the times,” said an official. “That depends, said the French diplomat Talleyrand, ”on what you have to step in.” This epigram may seem ...

Wealth Innovative Solutions Bank of Cyprus, being the largest financial institution in Cyprus, has a long history of servicing the Wealth and the Asset Management Industry through its Wealth & ...

We’re in the Vaccine Economy, and it’s risk-on again! Open up the laptop; there are some pretty good possibilities to turn €10,000 into a larger sum, and you don’...

For a small island, Cyprus has big ambitions. Having already established itself as a growing fintech centre, Cyprus has long recognised it must continually change and challenge itself to remain ...

Having started in financial services in London in the early 1990s, Mark Nowell has worked with high-net-worth clients across Europe and the Middle East. He is a registered European Financial ...

Born in Cyprus, Constantinides studied law in England, and took a Masters degree in international commercial law there. He then qualified in England for the Bar, and after some initial ...

Emilios Tannousis is the Manager Wealth Management at Bank of Cyprus. With an experience of almost 20 years in the Wealth and Asset management industry he is covering the Private Banking ...