Cyprus Business News

The United States and the European Union have agreed a truce in their near 17-year conflict over aircraft subsidies, suspending for five years one set of Trump-era tariffs which had ...

A digital euro could suck away 8 per cent of euro zone banks’ customer deposits, analysts at Morgan Stanley have estimated, although the share may be far higher in some of ...

Turkey has just discovered another 135 billion cubic meters (bcm) natural gas in what is proving to be a prolific Sakarya gasfield in the Black Sea, raising the total discovered so ...

Cyprus is not a tax haven but it is a competitive investment destination due to the legal framework, investors, natural wealth and skilled labour, finance minister Constantinos Petridis told CNBC ...

Hyundai Motor Co (005380.KS) and General Motors Co (GM.N) said on Monday they are pushing ahead with developing flying cars, with the South Korean company expressing optimism it could ...

US Federal Reserve officials are expected to begin debate on tapering the Fed’s monthly asset purchases as soon as this week’s policy meeting, but the central bank is ...

Italians under the age of 60 who received a first dose of the AstraZeneca (AZN.L) Covid-19 vaccine, known as Vaxzevria, can be given a different vaccine when they get their ...

Lebanon’s currency crashed on Sunday reaching a new low against the dollar, as the country’s financial meltdown continues: Food is unaffordable, hospital are closed, petrol is unavailable, the ...

After months of deliberations and legislation, the EU Digital Covid Certificate took off on Monday, according to a press release by the Commission. Member States will not be permitted to ...

Bitcoin surged 9.8 per cent to $39,035.47 on Sunday, adding $3,492.71 to its previous close. Bitcoin, the world’s biggest and best-known cryptocurrency, is up 40.7 per cent from the year’s low of $27,734 ...

Britain’s recovery from the Covid-19 pandemic sped up in April as lockdown measures eased, with the fastest monthly growth since July leaving output a record 27.6 per cent higher than ...

France said on Sunday it would provide Egypt with some €1.8 billion ($2.2 billion) in financing for projects including the Cairo metro, power generation and water management, in what officials called a ...

Now that Elon Musk seems have finished tweeting about bitcoin, the overall movement that is pushing the cryptocurrency higher is taking hold again. Musk’s latest tweet showed “#Bitcoin” with ...

“Israelis’ cultural affinity with Cypriots is growing and developing, and this supports business collaboration just as much as deals and shared technology,” the Israeli Ambassador to Cyprus Shmuel Revel points ...

The UK has now concluded annual fisheries negotiations with the EU, providing certainty for the fishing industry on catch limits for the remainder of 2021, the Department for Environment, Food & ...

A Cyprus-based shipowner has managed to regain almost a sixth of their ship’s value in a single voyage due to the frenetic global container market and the resulting soaring ...

An interview with TheSoul Publishing COO Arthur Mamedov Cutting-edge 3D technology, stop motion fun, live-action, quirky music videos, inspirational craft projects, and vibrant animation – leadership in all of this has ...

“Global Britain is shut for business,” said former UK prime minister Theresa May on Thursday. In a debate in the UK Parliament, May called the current traffic light” system a ...

A 1933 Double Eagle gold coin sold for a record-setting $18.9 million at auction in New York on Tuesday, and the world’s rarest stamp went for $8.3 million. The coin, the only 1933 ...

With demand on the rise in Cyprus and abroad for private jet travel, Zela is offering individual private jet flights to popular destinations. You can fly to Nice and back, ...

“The overarching key word is ‘trust,’ among Member States and European institutions, between citizens and their governments.” There is an increase in European solidarity and European integration in the current ...

Two new routes complete the range of destinations available from Brussels South Charleroi Airport for the 2021-2022 winter season. Ryanair is launching new flights to Essaouira (Morocco) and Paphos (Cyprus), ...

British finance minister Rishi Sunak is pushing for the City of London to be exempt from a new global minimum corporation tax system championed by the Group of Seven (G7) ...

There has been much uproar in the press about how Cyprus could ‘block’ an EU minimum corporate tax proposal, of the type that the G7 policy document released on Saturday ...