Cyprus Business News

Ethereum, the second-largest blockchain network, is about to undergo a technical adjustment that will significantly alter the way transactions are processed, as well as reduce the supply of the ether ...

“The problem in Cyprus is that businesses don’t trust proven technologies like ours. They have a superstitious fear of letting an external company manage their data. It doesn’t ...

The Electricity Authority of Cyprus (EAC) has confirmed that the Cyprus Energy Regulatory Authority has approved the EAC’s new fuel rates and basic prices for energy produced from renewable ...

“Overseas companies, for example, show great interest in Cyprus data centres, because Cyprus is part of the European Union, and thus is under the regime of the General Data Protection ...

The Ministry of Finance has released the provisional results of its Estia housing loan subsidy scheme. From the 4,374 completed applications received, the ministry has approved 802, roughly 18 per cent of the ...

The Ministry of Energy, Commerce and Industry has released a statement on companies in Cyprus and the energy efficiency regulations affecting them. The ministry specifies that companies that do not ...

Turkey’s central bank raised its year-end inflation forecast to 14.1 per cent on Thursday. In a report released by the Turkish central bank, the bank’s governor predicted inflation, which ...

Canada’s e-commerce giant Shopify announced record second-quarter revenue on Wednesday, as consumers continue to spend big online. The company’s revenue rose 57 per cent to $1.12 billion for the quarter ...

EU privacy watchdog EDPB on Wednesday gave the Irish data protection agency a month to issue a long-delayed decision on compliance by Facebook’s (FB.O) WhatsApp after its peers ...

The Cypriot used car market has experienced a severe decline over the past 12 years, with 70 per cent fewer sales since that time, according to Andreas Shikkis, president of the Pancyprian ...

The Cyprus Chamber of Shipping doesn’t think that the EU’s package to decarbonise shipping will simply prove effective. The “Fit for 55” package is a set of proposals to ...

The new French law extending the use of the health pass (pass sanitaire) to a wider range of public places will enter into force on Aug. 9 to help the country ...

Limassol mayor Nicos Nicolaides spoke exclusively to the Cyprus Mail about the city’s businesses, how they have been affected by the pandemic and what the municipality is doing to ...

Bitcoin broke above $40,000 on Wednesday and headed for another attempt at breaking from its months -long range as short sellers bailed out and traders drew confidence from recent positive comments ...

Households and business owners in Cyprus are less optimistic about the economy when compared with a month ago, a report by the University of Cyprus Economics Research Centre shows. The ...

Property prices dropped in the second quarter of 2021 according to real estate data experts WiRE FS. On a quarterly basis, prices for apartments fell by 0.14 per cent, for houses by 0.36 ...

The Cyprus Securities and Exchange Commission has warned the public that certain individuals are contacting investors while pretending that they are representing the commission. Under this false premise, these individuals ...

This winter, for the first time ever, Cyprus is going to create a Christmas Village, Deputy Minister for Tourism Savvas Perdios told the Cyprus Mail in an interview on Monday. “...

Lebanon’s leading events design group is making a definitive move to Nicosia. A few weeks ago, Elias Krim finalised the process of moving his company which specialises in outdoor ...

Cyprus, France, Spain, Italy and 20 other EU countries may be taken to court for their tardiness in enacting landmark EU copyright rules into national law, the European Commission said on ...

Israel is considering giving a third shot of the Pfizer (PFE.N)/BioNTech Covid-19 vaccine to its elderly population even before FDA approval in order to help fend off the ...

The new CEO of Hellenic Bank Oliver Gatzke on Monday announced an ambitious programme to ‘reshape’ the organisation. Oliver Gatzke “I am pleased to announce my official appointment by the ...

Kuwait plans to establish logistic cities to support local economy and attract foreign investment, Kuwait Ports Authority (KPA) announced on Sunday. Sheikh Yousef Al-Abdullah Al-Sabah, KPA Director-General, said that these ...

Cryptocurrencies popped to the top of recent ranges on Monday as short sellers bailed out in the wake of a strong week and while traders hoped a handful of positive ...