Cyprus Business News

The German government has agreed to pay four nuclear operators nearly €2.6 billion ($3.1 billion) in compensation for forcing them to shut their nuclear plants early in response to the Fukushima disaster, ...

By deciding to leave production unchanged for another month at its meeting on Thursday, OPEC+ risks causing the oil market to overheat. The expanded group of oil exporters defied expectations ...

The world of foreign exchange is divided into three parts: Majors, minors and exotics. Most traders concentrate on the majors and ignore the rest. But there is ‘gold’ to be ...

The rollercoster ride in bitcoin since the start of the year has not dampened wealth manager Jim Paulsen’s enthusiasm for the cryptocurrency. Yet Paulsen, chief investment officer for Leuthold ...

US drugmaker Merck & Co Inc said on Saturday the experimental antiviral drug molnupiravir it is developing with Ridgeback Bio showed a quicker reduction in infectious virus in its phase 2...

Although Cyprus’ mineral deposits are limited compared to large-scale copper producers such as Chile or Peru, Cyprus has significant untapped minerals deposits and could benefit from the global surge in ...

21CY01 Technical Support for capacity building and methodological support for the effective preparation and implementation of the Recovery and Resilience Plan 130,000 21CY06 Preparation and implementation of green taxation reform in ...

FC Barcelona, along with fellow Spanish LaLiga football teams Real Madrid, Athletic Bilbao and Osasuna have been ordered to repay millions in state aid., The European Court of Justice, the ...

The United States on Thursday agreed to a four-month suspension of retaliatory tariffs imposed on British goods such as Scotch whisky over a long-running aircraft subsidy row, with both sides ...

Will the EastMed pipeline bypass Cyprus? by Dr. Charles Ellinas The Greek and Cypriot press abounds with news and denials that a new plan has emerged for the much-talked about ...

The Cyprus IT Community on Thursday announced its formal partnership with the Lebanese IT Syndicate, as an increasing number of Lebanese tech companies consider relocation to the island. The Lebanese ...

European Investment Bank survey has shown that 51 per cent of Cypriot firms have cut investment during the Covid-19 pandemic, well below the EU average of 45 per cent. The survey, which ...

Germany’s financial watchdog has filed a criminal complaint against Greensill Bank’s management for suspected balance sheet manipulation, according to people briefed on the matter, the Financial Times reported ...

Amazon.com Inc (AMZN.O) will open its first-ever physical store outside the United States on Thursday. It is a first step in a global plan for expansion that is ...

The future for Cyprus professional services is to use its vast know-how and experience in international markets, and to do this, planning is needed, Marios Klitou, CEO of Baker Tilly ...

Just because cars are going electric, is not to say they are getting boring. Rather the opposite: the move towards electrification is producing some of the hottest automotive propositions in ...

Britain’s finance minister Rishi Sunak on Wednesday launched a new state-backed loan scheme for businesses hit by the COVID-19 pandemic, replacing existing programmes that have seen struggling businesses borrow ...

Cyprus on January 4 activated the beneficial owners register, thus completing the transposition of the 4th AML Directive (Directive (EU) 2015/849 of the European Parliament and of the Council of 20 May 2015 on ...

Germany’s financial watchdog has taken direct oversight of day-to-day operations at Greensill Bank, as the lender’s ailing parent company warned that its loss of $4.6 billion of credit insurance ...

Britain’s big four banks amassed more than £200 billion ($277.52 billion) of new deposits last year as customers reined in spending through pandemic lockdowns, far outstripping extra lending to struggling businesses ...

The market for Cyprus office real estate is forecast to fall 10 per cent to 15 per cent in aggregate office demand this year, reports Wire-FS, an independent real estate asset management ...

A film called Nobody is to be released on Friday – it tells the story of an innocent person who inadvertently becomes the target of a vengeful drug lord. Know who’...

Turkish Airlines posted a net loss of $836 million for 2020, according to a report on financial results released on Monday. The Turkish national airline, which is 49.12 per cent owned by the ...

The world’s biggest central banks will happily live with higher inflation and investors now aggressively betting on a quicker end to monetary stimulus are all but certain to be ...