Cyprus Business News

Lebanese fuel prices are expected to double after the state decided on Saturday to change the exchange rate used to price petroleum products in a bid to ease crippling shortages ...

Tesla Inc (TSLA.O) Chief Executive Elon Musk on Thursday said the electric automaker will probably launch a “Tesla Bot” humanoid robot prototype next year, designed for dangerous, repetitive, or ...

Sterling touched one-month lows against a robust dollar and the euro on Friday, capping the pound’s worst week in months as global risk aversion propelled investors towards currencies considered ...

Ryanair’s latest challenge to state aid for European airlines took a step forward on Wednesday when the European Court of Justice agreed to hear in its General Court a ...

The Cyprus Government Guarantee Scheme will offer low-interest loans to businesses of all sizes via Cyprus banks. It will become available with the enactment of the Amending Law “On the ...

Astrobank is offering free cash withdrawals at more than 330 ATMs nationwide for AstroBank customers, the bank said in a statement on Thursday. AstroBank continues its cooperation with the company Euronet ...

Digital twins—digital representations of real-world entities such as sensors, devices, machines, systems, and even people—have evolved from a niche concept to an integral part of the industrial landscape. ...

Lebanon is now at the centre of a confrontation between Israel and Iran over fuel deliveries. US sanctions could also follow a delivery of fuel from Iran – Lebanon could face ...

A shipment of Iranian fuel organised for Lebanon by Hezbollah will set sail on Thursday, the Shi’ite group said, cautioning its US and Israeli foes against any moves to ...

If you want to invest in a fund branded as sustainable under new European Union rules, you’re spoilt for choice. But you may end up owning shares in oil ...

The Bank of Cyprus has chosen TeamMate+ Audit as its solution for a number of challenges to internal audit, according to a case study published on Wednesday. TeamMate+ Audit, produced ...

Cyprus’ €1.2 billion Resilience and Recovery Plan (RRP) was approved by the EU on July 8, and there are already today a number of projects close to completion, and others in full ...

The total assets of investment funds increased by 11 per cent in June 2021 from March 2021, according to data released Tuesday by the Central Bank of Cyprus. Total assets of the investment ...

Researchers at the University of Birmingham announced on Tuesday that they have developed a new Covid-19 test capable of providing reliable results in less than 10 minutes,. The test was first ...

The takeover of Afghanistan by the Taliban is seen largely as a defeat for US influence – thus eventually affecting US markets and the dollar, and a grand opportunity for China. “...

Cyprus was among the smallest producer of potatoes in the European area, according to a recent report from EuroStat. Our island produced 80.3 thousand tonnes in 2020, the report showed, placing Cyprus ...

The economy is expected to grow by more than 5.5 per cent in 2021, Finance Minister Constantinos Petrides said on Tuesday, as preliminary estimates showed a 12.9 per cent year-on-year growth in the ...

The arrivals of tourists reached 297,308 in July 2021, recording an increase of 358 per cent compared with July 2020, during which 64,914 arrivals were recorded. However, this July marked a decrease of 46 per cent ...

The European Commission has approved a €1billion Cypriot scheme to support enterprises and self-employed individuals in the context of the coronavirus outbreak. The scheme was approved under the State aid ...

The Board of the Cyprus Securities and Exchange Commission (CySEC) on Friday informed the public that, at its meeting held on the 5th April 2021, CySEC decided to impose an administrative ...

Gold prices were steady on Tuesday, hovering near an over one-week peak, as support from safe haven demand amid rising Delta variant cases offset pressure from a firmer dollar. Markets ...

GlaxoSmithKline and its partner CureVac have seen promising test results for its “second-generation” vaccine which targets Covid-19 and variants in one shot. GSK and CureVac teamed up in February in ...

Sterling steadied against the dollar on Friday as the greenback weakened following a weak reading of consumer sentiment, but the British currency was still on track for a second week ...

Global merger and acquisition (M&A) activity has breached new highs, building on the record-breaking dealmaking streak from the beginning of the year that has been aided by low ...