Airlines to lose $66 on every passenger carried in 2020 – IATA
The International Air Transport Association (IATA) on Tuesday forecast deep losses for the global airline industry over two years: Airlines will lose $66 for every...
Cyprus Business News
Drilling on hold in East Med, as Cyprus politicians seek solidarity
Minister of Energy, Trade and Industry Natasa Pilides said on Tuesday that drilling in the Cyprus Exclusive Economic Zone had been halted due to the...
Cyprus lags in boardroom diversity; German government fixes quota
As the German government announced a fixed quota for women in the corporate boardroom – one woman on every board with three members or more...
Malta to defend passports-for-investment scheme in highest court
As the European Commission cracks down on passport-for-investment schemes, Malta will take the defence of its scheme to the European Court of Justice. Parliamentary Secretary...
Cyprus businesses say “lockdown is ridiculous”
“They shut us down. Larnaca is full of cases. They shut us down. We have no revenue,” complains Limassol Nags Head Pub owner Kypros Kyprianou....
How to earn without working
Yes, you can make a living without working, and, no, we are not going to propose anything illegal or ridiculous – please see YouTube for...
EU could pay over $10 billion for Pfizer and CureVac vaccines
The European Union could pay more than $10 billion to secure hundreds of millions of doses of the vaccine candidates being developed by Pfizer-BioNTech and...
EU can pass budget without Poland and Hungary — France
European leaders could push ahead with a post-coronavirus recovery fund and European Union budget without Hungary and Poland as a last resort should they continue...
EU approves €22m loan for Larnaca, Paphos airports
The European Commission on Wednesday approved a €22 million loan to Hermes Airports, operator of the Larnaca and Paphos airports, as an aid after the...
“Airlines still see high demand for Cyprus” – Hermes Airports Executive
The resurgence of the novel coronavirus in Cyprus has not been kind to its airports. In normal times, Hermes Airports has 70 airlines operating at...
Cyprus tourist arrivals slump 76.9% in October — end of the season?
Cyprus tourist arrivals slumped 76.9 per cent in October, but arrivals from Denmark and Germany did not fall as much as expected. In October 2020,...
“Cyprus economy will recover to prepandemic levels next year” – Finance Minister
“Real growth rates at three per cent” “As of next year, Cyprus will return to pre-pandemic levels of economic normality. Over the next three years,...
Why you (probably) don’t need a (boring) budgeting app
Nearly everyone hates budgeting. It’s exactly like having a nagging aunt constantly reminding you to be on time at all your appointments. A little flexibility...
Cyprus: The hard facts about headquartering
How do you choose a corporate headquarters? As management consulting firm, McKinsey puts it, you should “move your money to where your strategy is.” The...
Private equity opens to small investors (Cypriots too) in French fund
A newly launched French fund offers a means for small private investors to take an interest in private equity. Cypriots can invest too. This is...
Cyprus GDP improves in Q3, in step with Europe
The Cyprus economy is improving in step with that of Europe, as the latest statistics show. Cyprus GDP in the third quarter of this year...
RCB Bank rating confirmed by S&P — highest in Cyprus
S&P Global Ratings in an annual report published on Wednesday confirmed the creditworthiness of RCB Bank at BB- / B with a stable outlook —...
Lockdown bah humbug! Cyprus shops stock up for Christmas
Cyprus shops generally stocked up early and fully for the seasonal Christmas sales, but few are sure that buyers will spend this year. “We are...
Online broker eToro finds “the right people” in Cyprus
“Cyprus has a fantastic talent pool,” comments Avi Sela, chief operations officer of the multi-asset online social trading firm eToro Group, who is based in...
Ryanair’s O’Leary says vaccine will revive air travel
Ryanair Group Chief Executive Michael O’Leary said on Wednesday that vaccines against Covid-19 will spark a revival of air travel this year. Speaking at a...
