Cyprus Business News

In 2020, private banking group EFG International significantly grew its business with a marked acceleration in profitability, especially in the second half of the year, and demonstrated its operational and financial ...

Bank of Cyprus on Wednesday announced a loss of €171 million for 2020, but showed a promising outlook for the coming year as fourth quarter results saw total income rise to €142 million ...

Inflation returned to the euro area in January at 0.9 per cent due to a number of temporary factors, although in Cyprus it remained at a low -0.8 per cent. Cyprus ...

AstraZeneca Plc has told the European Union it expects to deliver less than half the Covid-19 vaccines it was contracted to supply in the second quarter, an EU official told ...

Financial incentives bring filmmakers to Cyprus, and their projects create jobs and work for service providers. Yet the filmmakers must struggle to obtain their incentive payments. Of the 10 applications so ...

“We’re involved in damage control,” Finance Minister Constantinos Petrides told the Cyprus Mail in an interview. Fortunately, the government has the means to keep the damage to a minimum ...

Breakingviews Calling the bottom on Greek banks has been a triumph of optimism over experience. Still, there is reason to believe that €1.2 billion euro Alpha Bank, in which US investor ...

Sterling looks set to extend its rally beyond $1.40, thanks to the pace of Britain’s Covid-19 vaccine rollout and signs that investors are flocking back to assets out of favour ...

Drones with advanced facial recognition capabilities, a common feature in works of science fiction, recently took a big step closer to becoming a reality. Earlier this month a US patent ...

The Cyprus fund industry is maintaining steady growth right through lockdowns and the pandemic, and is seeking changes to its legal framework to harmonise with competitive jurisdictions. “We continue to ...

Financial services firms have become the primary target of cyber criminals during the pandemic, according to a report in The Banker. The surge in homeworking during the pandemic has increased ...

The Syrian pound sank to a new record low on Sunday with a scramble for dollars in a country hit by sanctions and facing a severe foreign currency crunch, dealers ...

Boeing Co said it recommended suspending the use of 777 jets with the same type of engine that shed debris over Denver at the weekend after US regulators announced extra inspections ...

Baillie Gifford is an investment management firm based in Edinburgh with more than £200 billion in assets under management. This fund is having an annus mirabilis. According to Morningstar’s latest ...

Britain threatens EU with ‘water wars’ that could see European bottled mineral water banned from UK. The move would be in retaliation for the European ban on UK shellfish, according ...

Indoor farms are positioning themselves today as one of the solutions to pandemic-induced disruptions to the harvesting, shipping, and sale of food. Previously, investors used to brush off Amin Jadavji’...

Ether, the second-largest cryptocurrency by market capitalization and daily volume, hit a record $2,040.62, for a weekly gain of about 12 per cent. It has currently fallen back to about $2004. It is ...

The Cyprus Securities and Exchange Commission (‘CySEC’), the financial regulatory Authority of Cyprus, has launched a dedicated section on its website to serve as a Brexit Information Hub (accessible here), ...

Turkey risks being added to the 12 nations on the EU tax blacklist in May if it does not reform its practice. The latest ruling by the Council of European Ministers ...

Facebook Inc’s WhatsApp said on Thursday it will go ahead with its controversial privacy policy update but will allow users to read it at “their own pace” and will ...

Tens of millions of workers in developed economies will have to retrain for secure careers in post-Covid labour markets reshaped by the pandemic and the remote working revolution, a report ...

How long will it be before we all need vaccinations to travel? We’re not there yet, but the time is not far off. There have been growing calls for ...

The 200 King Long high-end city buses that arrived in Cyprus from Xiamen on May 27, 2020 are both stylish and safe for use in the pandemic. In what was the biggest export ...

Revolut, the global financial platform with more than 15 million customers worldwide, on Wednesday announced its opening as a bank in Cyprus. Customers in Cyprus who upgrade to Revolut Bank for ...