Cyprus Business News

At CYENS, the Research Centre of Excellence in Cyprus (formerly RISE), a team is at work creating a digital twin of the city of Nicosia. “The digital twin offers the ...

The rebound phase for companies emerging from the pandemic is over, says the Gartner Group. Most companies are now preparing to reach the ‘next normal’ — exiting phase three of the ...

Cyprus Shipping Deputy Minister Vassilios Demetriades met with his Egyptian counterpart Transport Minister Kamel al-Wazir on Saturday, September 4, as part of the wider intergovernmental conference between the two governments. The ...

Invest Cyprus sponsored The International Hospitality Investment Forum (IHIF), the leading annual conference for the global hotel industry which was hosted in Berlin from 1st – 3rd September. George Campanellas, CEO ...

Saudi Arabia, the world’s top oil exporter, slashed prices of all crude grades to Asian customers in October versus September, but left prices to northwestern Europe and the United ...

Bitcoin rose 0.49 per cent to $50,188.4 at 1004 GMT on Sunday, adding $245.24 to its previous close. The world’s biggest and best-known cryptocurrency is up 81 per cent from this year’s low ...

The US has backed a plan to bring desperately needed gas to Lebanon from Syria. Syria said on Saturday that it welcomed Lebanon’s request to import Egyptian gas for ...

With the recent rebound across cryptocurrencies of various types, it’s time to take a hard look at the ones most likely to return on investment. The rebound started back ...

The government will continue supporting economic activity so that after the pandemic is over, previous positive growth rates will return, Finance Minister Constantinos Petrides said on Saturday. In a written ...

The Cyprus Securities and Exchange Commission (CySEC) presented its annual report for the previous year to the President of the Republic of Cyprus Nicos Anastasiades. The presentation of the report ...

European Union and International Monetary Fund (IMF) representatives will begin their post-memorandum inspection of the Cypriot economy on September 13 and conclude the process on September 22. The inspection, which will include ...

DeFi, decentralised finance, is the fastest-growing market in the cryptocurrency universe. More than $61 billion worth of trades have been executed in the market, up from about $15 billion at the start ...

Turkey’s annual consumer price inflation accelerated to 19.25 percent, extending the highest level since a currency crisis in 2018, according to data published by the Turkish Statistical Institute on Friday. The ...

People who have already had two anti-Covid vaccinations do not need further booster shots, the European centre for Disease Prevention and Control (ECDC), an EU agency in Sweden said in ...

The first Iranian fuel oil cargo secured through Lebanon’s armed group Hezbollah will be delivered via Syria by truck to avoid complications related to sanctions, two sources with knowledge ...

Venus Minerals Managing Director Peter van der Borgh said that Cyprus has a ‘significant average gold content in a copper-rich area’ in Troodos. “The results of the sampling from the ...

Outfit7 is a Cyprus-=based video and game producer with over 15 billion game downloads and 72 billion video views. We asked Yanhao Wu is the board member of Outfit7 Limited and ...

Statement by the Minister of Finance Mr. Konstantinos Petridis on the declining course of unemployment in Cyprus: “I want to express my satisfaction because according to official EUROSTAT statistics, Cyprus ...

The euro climbed to a one-month high against the dollar of $1.1857 on Wednesday after a survey showed strong European manufacturing growth coupled with inflationary pressure from supply-chain snarls. The euro ...

The public deficit has fallen by 0.2 per cent in the first seven months of the year, with preliminary fiscal results by the Cyprus statistical service showing a General Government deficit ...

Cyprus must progress from lip-service to serious action if Cypriot consumers are ever to see serious reductions in their inexcusably high energy costs. Household electricity prices shot-up by 38 per cent ...

Turkey’s economy grew by a record 21.7 per cent in the second quarter from the same period in the previous year when it saw a sharp contraction.. But analysts were ...

Bank of Cyprus announced on Wednesday delivery of a robust performance in the first half of 2021: Revenue and profit is up, new lending has jumped to €894 million, and 96 per cent ...

By Pavlos Loizou, Managing Director, WiRE-FS Demographic and social changes are impacting the international housing market, and of course that of Cyprus. In the US, large companies and high-net-worth individuals ...