US, Russia, China, in race for space
US, Russia and China are all seeking partnerships to build a robotic base on the moon.
“We have sent out invitations for cooperation in the international scientific lunar station to ...
Intel reiterates chip supply shortages could last several years
Intel Corp’s CEO said on Monday it could take several years for a global shortage of semiconductors to be resolved, a problem that has shuttered some auto production lines ...
‘A Quiet Place Part II’ sets pandemic record with $48 Million debut
John Krasinski’s post-apocalyptic thriller “A Quiet Place Part II” collected a roaring $48 million between Friday and Sunday, exceeding expectations and posting the biggest three-day haul of the pandemic era. ...
Cyprus 4.0: Bank of Cyprus forges ahead with ESG policy and products
“Bank of Cyprus has already covered considerable distance in our ESG journey. We have an ‘A’ rating from MSCI, which is the global benchmark on ESG. The company has also ...
Economic Watch: China to relax foreign investment rules amid further opening up
China will relax rules for foreign investment, increasing its market appeal to global investors and signalling its determination to deepen opening up.
The country’s Ministry of Commerce (MOC) has ...
Small-to-medium sized businesses in Cyprus must transform to survive
Cyprus Small- to Medium-sized businesses must undergo a transformation in order to survive – they need to jettison past ways of doing business and adopt those that are right for today.
...
Cyprus Recovery and Resilience Plan falls short on energy goals
Too many measures have only a short-term effect and major goals are neglected.
By Dr. Charles Ellinas
Cyprus’ government has put forward an ambitious ‘Recovery and Resilience Plan’ (RRP), with ...
Cyprus stock exchange privatisation moves forward — Chairman
“Privatisation is coming soon to the Cyprus Stock Exchange (CSE),” Chairman Marinos Christodoulides told the Cyprus Mail in a note.
“Hopefully, a foreign stock exchange will be the new shareholder ...
Turkish mob boss releases 7th scandal video, alleges northern Cyprus connection
Turkish organised crime boss Sedat Peker on Sunday released his seventh video in a scandalous series about government and organised crime that has garnered 70 million viewers, according to Social Blade.
...
Brexit is driving Europeans out of UK
Nearly five months after Britain’s official departure from the European Union (EU) following the end of the Brexit transition period, many EU citizens in Britain are considering leaving the ...
Cyprus banks excessively exposed to real estate
Cypriot banks’ sizable property portfolios expose them to excessive property market risks, the Central Bank of Cyprus said in its Annual Report for 2020.
According to the report, as of September 30, 2020, ...
IMF seeks to ‘end pandemic’ with $50bn financing for vaccinations
The International Monetary Fund (IMF) has published a proposal to “end the pandemic” with $50 billion in financing for vaccinations, the organisation said in an note on Friday.
The proposal’s ...
EU vaccination pass agreed to by Council and Parliament
EP and Council negotiators reached on Thursday a provisional deal for an EU digital Covid certificate to facilitate free movement in Europe during the pandemic, the EU Parliament said in ...
Cyprus EU Recovery Plan will tap private sector funding
Some examples of funding
€40 million will go to SMEs and councils and communities
€20.5 million for energy efficiency for homes and renewables
€78.4 million for improvement business competitiveness
€96 million for improvement of ...
Cyprus workers don’t like to work from home
Cyprus has one of the lowest percentages of workers who usually work from home in the European Union a report from the European Statistical Office (Eurostat) has revealed.
Cyprus vs ...
Lebanon: 100-year-old business finds ways to survive crisis
“Our business has survived many wars, but this crisis is different,” says Hani Bohsali.
Businesses that have been operating in Lebanon for more than 100 years, are today struggling to survive, ...
Cyprus: Should you worry about inflation?
An unexpected rise in inflation in the US has pundits yapping across the globe about the dangers of inflation.
Consumer prices in the US rose 4 per cent on an annualised ...
EU losing battle to reclaim tax from multinationals, low-tax jurisdictions
The EU Commission’s attempt to harmonise tax rules and to limit advantages enjoyed by large companies in low-tax jurisdictions has suffered severe setbacks.
On Wednesday, the General Court by ...
Cyprus’ best companies to work for in 2021 – Researcher
DHL
Grant Thornton Cyprus
Leroy Merlin
Psaras Construction Co Ltd
Nexxie Group
Odyssey™ Cybersecurity
Parimatch
Vassos Eliades Ltd
Unicars
Nine companies make up the list of Cyprus’ Best Workplaces™ 2021 as ...
Cyprus can replicate NPL offensive in Italy with ‘bad bank’
By CITR Cyprus, part of the Impetum Group
The Italian model, with a ‘bad bank,’ has seen success in managing NPLs.
Business shutdowns, deferrals, job losses, credit default, and many ...
Cyprus economy will rebound, but not dramatically — economist
For economist George Syrichas, former executive director and board member of the Central Bank of Cyprus, currently advisor to the Economic Research Centre, University of Cyprus, the Cyprus economy will ...
Cyprus needs new treaty with Russia to stay competitive
By Nicholas Anderson
How the lack of bilateral investment treaties diminishes the competitiveness of Cyprus as a European investment hub
No one can deny the role that Russian investments have ...
Vaccination ‘green’ passes for travel to be in place by June — von der Leyen
European Commission President Ursula von der Leyen said Saturday the bloc is “on track” to have its system of green passes in place by June, according to a report by ...
Pound expected to dip against euro – analysts
The decisions by the Bank of England Monetary Policy Committee on Thursday to hold rates, and to reduce the speed of its asset purchase programme suggest that the pound will ...