Cyprus Business News

On March 24, the government announced changes to the offer for a ‘Golden Visa,’ – Cyprus residency in exchange for investment, but no passport. However the new offer is little changed from ...

Global banks may lose more than $6 billion from the downfall of Archegos Capital, sources familiar with trades involving the US investment firm said on Monday, and regulators and investors fear ...

“Recalculating,” as the GPS often tells us when we are driving, may be our best career strategy after a year of uncertainty. Roadblocks or jams may lie ahead, but the ...

Covid-19 vaccines developed by Pfizer Inc with BioNTech SE and Moderna Inc reduced risk of infection by 80 per cent two weeks or more after the first of two shots, according ...

Talks on the EU Common Agricultural Policy (CAP) reform held on March 26 broke down over questions like “what does a farmer do” and payment for performance. The CAP accounts for ...

Eurobank has remained in profit for the fiscal year of 2020 despite the difficult conditions posed by the pandemic. Profit after taxes for the fiscal year was €40.1 million, down from €44,5 million ...

Bookings at American Airlines last week through aa.com and the American Airlines app were up 150 to 400 per cent compared with last year, and within a few points of 2019; bookings ...

A firm based in the United Arab Emirates will start commercial production of China’s Sinopharm vaccines in April, under a deal announced on Sunday. Gulf Pharmaceutical Industries PSC, based ...

Salvage teams freed the Ever Given in the Suez Canal, according to maritime services provider Inchcape, almost a week after the giant vessel ran aground in one of the world’...

China and Iran, both subject to US sanctions, signed a 25-year cooperation agreement on Saturday to strengthen their long-standing economic and political alliance. “Relations between the two countries have now ...

Turkey has approved development plans for a huge canal on the edge of Istanbul, Environment Minister Murat Kurum said on Saturday, advancing a project which has attracted criticism over its ...

French Foreign Minister Jean-Yves Le Drian said on Friday Europe would not let itself be subjected to “a kind of blackmail” by Britain over supplies of Covid-19 vaccines. European Union ...

EU experts say that nuclear power is a green investment, according to a document reviewed by Reuters. The Commission asked the Joint Research Centre (JRC), its scientific expert arm, to ...

Investors around the world have poured money into Exchange-Traded Funds (ETFs) this year. More than $800 billion have been invested thus far this year, up from $600 billion in assets under management ...

Stellantis NV and Chinese electric vehicle maker Nio became the latest carmakers to announce new production cuts as a result of a global semiconductor chip shortage. Stellantis said on Friday ...

Credit agency Fitch Ratings on Friday affirmed Cyprus’s ‘BBB-‘ credit rating in a note. A ‘BBB-‘ rating indicates a low indication of default, but some business or economic factors ...

Swiss bank EFG got a solid thumbs-up from credit rating agency Moody’s on Friday, in a review. Moody’s noted the the Zurich-headquartered banking group’s absolute and relative ...

Royal Caribbean International has revealed Jewel of the Seas will be sailing seven-night cruises from Limassol, Cyprus, this summer. Starting July 10th, the vessel will call Cyprus home for the ...

EU leaders have agreed to allow the EU Commissioin to put the brakes on vaccine exports. On Thursday, the European Council gave the Commission freedom to exercise a mechanism to ...

In 2020, as the world convulsed under COVID-19 and the global economy faced its worst recession since World War II, billionaires saw their riches reach new heights. Now some are talking ...

Reeling from the blockage in the Suez Canal, shipping rates for oil product tankers have nearly doubled this week, and several vessels were diverted away from the vital waterway as ...

By George Eid and Andrew Rosenbaum Last week, Roger Zaccar moved his company, which disrupts insurance sales with a mobile app, from Beirut to Limassol. Zaccar told the Cyprus Mail ...

Fidelity applied on Wednesday to launch an exchange traded fund to track the performance of bitcoin, the latest move on Wall Street to embrace the digital currency. Fidelity’s Wise ...

Only a few weeks ago, many European countries were hoping their more affluent citizens would by now have started spending nest eggs built up during the pandemic to trigger a ...