Cyprus Business News

Oil slumped on Monday over concerns about spreading Covid-19 variants derailing the global economic recovery that has brought fuel demand to near pre-pandemic levels, while tight crude supplies kept prices ...

The cost of food has reached a crisis level in Turkey, as production declines and the weak Turkish lira (currently at 10.30 to the euro) makes imports more expensive. The central ...

The spread of the Covid-19 Delta variant threatens Europe’s nascent economic rebound, economists told the Financial Times on Sunday. The European Centre for Disease Prevention and Control said on ...

The European Commission is likely to delay putting forward its plans for a digital levy until the autumn to try to improve the chances of a global corporate tax reform ...

Malta will ban all visitors from entering the country as from Wednesday unless they are fully vaccinated against Covid-19, Health Minister Chris Fearne said on Friday. “We will be the ...

The European Union has delivered enough coronavirus vaccine doses to member states to reach a target to fully vaccinate at least 70 per cent of adults in the bloc, European Commission ...

Finance ministers of the world’s 20 largest economies (G20) on Saturday agreed to go ahead with the plan to design a global tax system that would impose a minimum levy ...

As a great many of us here in Cyprus either are already fully vaccinated, or are close to getting both jabs, the possibility of European travel, armed with our EU ...

Foreign workers in Cyprus tend to be more highly educated than the average number across the European Union, a report has indicated. According to data from the European Union’s ...

The Cyprus government is already at work to find a solution for the country on the OECD minimum corporate tax proposal that has been agreed to by the G7 and ...

Rising costs to ship crops globally are adding to concerns about food inflation that are already at decade-highs and hitting cost-sensitive consumers in import-dependent markets. With world food prices having ...

Jet2 announced it will restart holidays and flights to all amber list destinations from July 19, the airline said in a statement on Friday. “It is the news that UK holidaymakers ...

The digital readiness of Cyprus consumers is quite well-developed, a new study shows. Consumers in the pandemic spent more using cards in supermarkets, pharmacies and on insurance, while they bought ...

Turkey is considering a fresh capital injection for state banks but they also need a plan to deal with lingering bad debt after the lenders depleted their resources helping Ankara’...

The Cyprus Information and Communications Technology (ICT) industry is well and prospering; this became clear at the the Cyprus Computer Society Annual Meeting late on Wednesday. For the Cyprus ICT ...

The European Union will propose a new agency to crack down on money laundering and new transparency rules for transfers of crypto-assets, EU documents showed on Wednesday as the bloc ...

A coalition of 24 industry organisations urged the White House to lift coronavirus restrictions that bar much of the world from traveling to the United States but a White House official ...

“The global tax scene is changing: international tax developments include areas such as multinational corporations, green growth and the environment, the fight against aggressive tax planning, as well as technology ...

The European Commission has raised its forecast for Cyprus’ economic growth in 2021 to 4.3 per cent from 3..8 per cent in its previous forecast. This brings Cyprus closer into line with the ...

Fully vaccinated travellers arriving from countries on Britain’s Amber list are set to avoid quarantine from as early as July 19, British media reported on Tuesday, as airlines prepared to ...

Cyprus sees the Eastern Mediterranean gas findings as a means for sustainable growth and a vital tool in the transition towards clean energy, the Minister for Energy, Commerce and Industry ...

“Investment in Cyprus tourism will be socially immersive – this means that it will benefit the whole island,” Cyprus Deputy Minister for Tourism Savas Perdios told the Invest Cyprus Tourism and ...

The effectiveness of the Pfizer vaccine against the coronavirus has dropped to just 64 per cent in Israel, the country’s Ministry of Health said in a statement on Monday. The ...

A Cypriot union representative recently declared that homeownership in Cyprus has become an ‘impossible dream’. In Cyprus, the rising cost of construction materials has resulted in property values increasing by ...