Cyprus Business News

There are early signs that people who have been vaccinated against Covid-19 may be able to transmit the Delta variant of the virus as easily as those who have not, ...

Global gas prices are expected to break records this winter as a hot northern hemisphere summer leaves inventories low in key markets, just as green energy drives ramp up in ...

The most devastating frost in decades in top coffee producer Brazil and record freight costs sparked by Covid-19 causing massive shipping logjams are expected to push retail prices to multi-year ...

Europe’s banks are stashing cash to pay bumper bonuses to top performers, amid a deal frenzy driven by pent up demand from the COVID-19 pandemic and rebounding bank profits. ...

The economic consequences of a sustained pandemic would be catastrophic. Ioannis Tirkides, chief economist at Bank of Cyprus* The emergence of a new variant, the Delta, and people’s hesitancy ...

ASBIS, an information and communications technology distribution company based in Limassol, has announced that it has made a property acquisition to the tune of €6.2 million. The recently acquired 5,735 square metre ...

While the concept of decentralisation has been around for more than a decade, an explosion of interest in decentralised finance has been observed over the past few months. By Alexandros ...

Air traffic in European airspace exceeded Eurocontrol’s “optimistic” scenario in July, as flight numbers reached 65 per cent of 2019 levels. The European air traffic manager had made a baseline forecast ...

The Cyprus Hoteliers Association has presented a plan detailing how the sector can recover in Cyprus. “Hoteliers remain focused on achieving the ambitious objectives that have been set despite the ...

The Bank of England said on Thursday it could see a modest reduction ahead in the huge support it has provided to Britain’s economy during the Covid-19 pandemic and ...

The European Commission, the International Monetary Fund National and the credit rating agency Moody’s have reported that the Cyprus Government has managed the Covid-19 crisis relatively well, with considerable ...

Law firm Elias Neocleous & Co has on Wednesday initiated the beta testing phase of its cutting-edge legal technology solution Neolaw.ai. Working with machine learning and Artificial Intelligence, Neolaw....

Prime Minister Boris Johnson urged British pension fund managers to put more of their clients’ money into illiquid long-term investments in infrastructure and unlisted companies, raising the prospect of fatter ...

The Institute for Research and Innovation in Health (i3S) at the University of Porto announced on Wednesday it has discovered the mechanism that defines why the severity of COVID-19 ...

Cyprus-based Vioiatriki Laboratories are offering a cellular immunity test for Covid-19, according to a statement. “Cellular immunity begins almost simultaneously with the production of antibodies to the virus after disease ...

The redevelopment of the Larnaca port and marina is expected to generate billions in revenue, Kition Ocean Holdings CEO Panos Alexandrou said in a press release on Wednesday. Moreover, the ...

Turkish inflation jumped to 18.95 per cent in July, the country’s statistical authority announced on Tuesday. This is an increase from 17.53 per cent in June, and the highest rate of ...

Cyta’s new chairman of the board Michael Ioannides has officially assumed his duties, releasing an introductory statement about his new role. “The challenge, both for me and for all ...

UK travellers to the European Union, and others from outside the union, will need a €7 electronic visa waiver by the end of next year, TTG reported on Wednesday. Rules to ...

“Despite Brexit, despite the pandemic, the export of business services from Cyprus to the UK seem to have continued at a normal rate,” says Marios Klitou, CEO of Baker Tilly ...

The Central Bank of Cyprus has released its Quarterly Financial Accounts (QFA) publication, providing aggregated data on the financial assets and liabilities in the financial sector. The latest results, which ...

The International Monetary Fund (IMF) said on Monday its board of governors approved a $650 billion allocation of IMF Special Drawing Rights and said its largest-ever distribution of monetary reserves would ...

Pfizer raised the price of its Covid-19 vaccine by more than a quarter and Moderna by more than a tenth in the latest EU supply contracts, the Financial Times reported ...

A data centre is storage for bits and bytes, but it is also a store of value In the General Theory, John Maynard Keynes defined that concept: “Why should anyone ...