Cyprus Business News

Bitcoin has fallen to about half its record high in April of $63,000, and it’s been holding in that range for some time. A rebound is expected by many analysts, ...

Moody’s ratings agency has upgraded Cyprus’ sovereign rating to Ba1 from Ba2 and changed its outlook to stable from positive on a decrease in banking sector risks and the ...

The Limassol municipality is helping businesses affected by the pandemic by suspending or discounting a number of fees and taxes. According to a press release by the municipality, the decision ...

Eurobank on Friday announced the acquisition of a 9.9 per cent holding (40,800,000 shares) in Hellenic Bank, according to a statement released on Friday. It also announced entering into a share purchase ...

Transport Minister Yiannis Karousos said that the plan for the implementation of sustainable mobility solutions in Nicosia is progressing, according to the Cyprus News Agency (CNA). Speaking during an event ...

The European Central Bank pledged on Thursday to keep interest rates at record lows for even longer to boost sluggish inflation and warned that the rapidly spreading Delta variant of ...

Moody’s Investors Service (“Moody’s”) has on Wednesday upgraded Bank of Cyprus Public Company Limited’s (Bank of Cyprus) and Hellenic Bank Public Company Ltd’s (Hellenic Bank) long-term ...

The effectiveness of the Pfizer vaccine against Covid-19 has dropped to 39 percent in Israel, the country’s Ministry of Health said on Thursday. The Pfizer vaccine is also only 41 per ...

Eurogroup President Paschal Donohoe praised Cyprus’ “impressive recovery” from the coronavirus outbreak on Thursday, stressing that this performance was the result of good national policies coupled with good decisions taken ...

Zurich-based EFG Bank, present in Limassol and Nicosia, saw IFRS net profit triple to CHF 106.5 million (€98.4 million) on CHF 629.3 million (€581.2 million) in revenue for the first half of 2021, according to ...

German Chancellor Angela Merkel and US President Joe Biden on Thursday reached an agreement on the Nord Stream 2 pipeline that will carry gas from Russia to Europe, bypassing Ukraine, on ...

Airline passengers are fed up with confusion at airports due to Covid-19 health checks, and want to see a unified global system put in place. This is according to a ...

Celestyal Cruises, a cruise line that also serves Cyprus, have announced a strategic partnership with AtmosAir Solutions, a company specialising in the filtration and cleaning of the air in indoor ...

The Cyprus housing market has become unaffordable for many due to the rising cost of construction materials. Industry insiders warn that this will not be resolved for quite some time. “...

“I might pump, but I don’t dump,” said Elon Musk on Wednesday. “I definitely do not believe in getting the price high and selling … I would like to see ...

The public consultation on “Vision 2035: Long-Term Strategy for the Sustainable Development of the Cypriot Economy,” was launched on Wednesday. Speaking at the launch conference, Finance Minister Constantinos Petridis noted that ...

Moody’s Investors Service has affirmed RCB Bank’s deposit rating and upgraded its outlook from stable to positive in its newly published and updated press release on the Bank. ...

The UK will on Wednesday announce demands that are expected to violate post-Brexit trading arrangements between Great Britain and Northern Ireland. The Northern Ireland Protocol, agreed by the UK and ...

The European Commission on Tuesday proposed the creation of an anti-money laundering authority to clamp down on financial crime across the European Union (EU). “These are bold steps to close ...

As Nicosia recovers from the pandemic, the Nicosia municipality is working to give local businesses close to the Green Line a boost. “A lot still hinges on how the pandemic ...

Israel’s Defence Ministry said on Monday that the export of cyber products, like spyware sold by NSO Group, was for lawful use and with the sole purpose of fighting ...

Sudan on Monday reiterated its rejection of Ethiopia’s completion of the second filling of the Grand Ethiopian Renaissance Dam (GERD). The Grand Ethiopian Renaissance Dam (GERD) is a 6,450 MW ...

The Cypriot economy continues to recover after registering an impressive year-on-year growth rate of 11.2 per cent in June according to a report by the University of Cyprus Economic Research Centre. ...

Binance said on Friday it had stopped selling digital tokens linked to shares, as Hong Kong’s financial watchdog became the latest in a string of regulators to crack down ...