Cyprus Business News

CYPRUS wineries ended the year with 17.1 million litres in stock; only 9.823 million were consumed, according to the latest statistics compiled by the Department of Agriculture and shared with the Cyprus ...

“Cyprus is at a turning point in terms of technology. For the first time, there is a real opportunity for technology to become a substantial force to drive the economy ...

“In the 23 years Amdoc has been in Cyprus, we have seen a very positive development regarding local talent in the field of computer engineering. We have a great experience with ...

RISE recently developed the Covid-19 contact tracing application which will be put to work in Cyprus within a few weeks of this publication. We’ll be able to identify if ...

“Cypriot companies must look abroad, and become ‘extrovert.’ Engagement in international markets is the only path to financial strength and sustainability but also to derisking. Our government sees attracting foreign ...

The European Parliament on Thursday voted a resolution to reform and expand the official list of global tax havens. The resolution calls for screening EU Member States for acting effectively ...

By Andrew Rosenbaum and Dr. Charles Ellinas — First of Two Articles Producers of renewable energy, of whatever type, will be able to sell their production via the national electricity grid ...

EU countries are not pursuing a unified policy on the security of 5G networks, according to the European Court of Auditors (ECA). The news comes at the start last week ...

Facebook Inc said on Thursday it was referring its decision to indefinitely suspend the accounts of former US President Donald Trump to its independent oversight board. The suspension has attracted ...

Moody’s praised the sale of the Bank of Cyprus “Helix 2” package of non-performing loans in a note released on Thursday. “The sale will significantly reduce the bank’s stock ...

The Swiss federal prosecutor’s office has opened an investigation into the Lebanese central bank (Banque du Liban). The Swiss investigation comes amid increased scrutiny of longstanding central bank governor ...

The dollar fell, the pound rose slightly, and the euro held steady on Wednesday as Joe Biden was inaugurated as the 46th US president. Risk appetite held up on optimism ...

BlackRock Inc is adding bitcoin futures as an eligible investment to two funds, a company filing showed, in a move to bring the world of cryptocurrency to its clients. The ...

Back in 2009, we had the pleasure of watching Vladimir Putin, at the time prime minister of the Russian Federation, at Davos warn us about the dangers of placing too much ...

The UAE airlines Emirates and Etihad will be among the first airlines in the world to use the International Air Transport Association (IATA) “Travel Pass” app, which allows passengers to ...

Pfizer said last week it would slow production in late January and early February because of changes in manufacturing processes, resulting in a supply cut for Canada and European Union ...

Gold prices rose on Wednesday as expectations for a massive US stimulus to help the world’s largest economy recover from the coronavirus jolt bolstered bullion’s appeal as an ...

The Cyprus Shipping Deputy Ministry (SDM) has announced a new range of green incentives to reward vessels that demonstrate effective emissions reductions. From fiscal year 2021, annual tonnage tax will be ...

Global energy majors including Royal Dutch Shell and Total are expected to benefit most from January’s gas price spike, beating rival trading houses and non-integrated producers thanks to their ...

Eurowings is hiring! Eurowings announced on Monday that it is preparing for its restart in summer 2021. In order to be able to cover the traditionally busiest travel period of the ...

China’s economy picked up speed in the fourth quarter, with growth beating expectations as it ended a rough coronavirus-striken 2020 in remarkably good shape and remained poised to expand further ...

Israel’s economy is likely to grow by 4.6 per cent this year, the Finance Ministry said on Sunday in a forecast reliant on continuation of rapid Covid-19 inoculations and a ...

Demand for remote workers in Britain tripled over the course of 2020 as businesses grew more willing to let staff work from home during the coronavirus pandemic, figures from a recruitment ...

Turkey has announced a 2021 public investment programme worth ₺138.5 billion ($18.53 billion), with communication and transportation projects receiving the largest allocation of the investment funds. The programme, published in the Official Gazette ...