Cyprus Business News
P2P lending and investing, a form of crowdfunding, constitute vast new markets in which companies can obtain needed capital from individual investors. It’s just starting...
Global net zero emissions goal would require $1-2 trillion a year investment: study
Achieving net zero emissions by mid-century would cost an estimated $1 trillion-$2 trillion a year of additional investments, or 1-1.5 per cent of global gross...
Labour costs fall sharply in Cyprus in Q2
Labour costs fell sharply in Cyprus in the second quarter, according to statistics released by Eurostat on Wednesday. For industry, construction and services, the cost...
Cyprus recovery will be slow but steady — S&P
“The process of recovery in Cyprus will be slow, but steady, with a 5.5 per cent increase in 2021, but with full recovery probably lasting...
Fosun to get Thomas Cook flying again
Will Thomas Cook again run flights to Cyprus? It’s possible. The Shanghai-based Fosun International, a conglomerate worth about $100 billion in assets, acquired the assets...
Cyprus film industry gets cameras rolling again
The Cyprus film industry has the cameras rolling again, after a challenging period during lockdown. Adaptation to the new social distancing and hygiene measure has...
Cyprus consumers spend more carefully — Association
Cypriots appear to be choosing their purchases more carefully during the pandemic according to the Cyprus Consumers’ Association, as consumer confidence dropped by 23.6 per...
Cyprus and Israel to promote East Med as top cruise destination
Cyprus and Israel aim to cooperate for the promotion of the Eastern Mediterranean as a top cruise destination, despite the temporary lack of progress due...
Ancoria Bank see €1.1 million loss in first half
Newly established Ancoria Bank saw a €1.1 million loss in the first half; however, this was an improvement from a €2 million euro loss for...
Cyprus electricity prices could fall on lower oil price
by Dr. Charles Ellinas The Covid-19 pandemic brought havoc to oil supply and demand, and to global oil markets and prices. With the global economy...