Cyprus Business News

The governor of the Central Bank of Cyprus Constantinos Heredotou warned on Tuesday of an impending increase in non-performing loans in the near future. Heredotou told the 11th Nicosia Economic ...

The art world in Cyprus has been one of the hardest hit by the pandemic, with galleries, cinemas, theatres, concerts and other events being forced to shut down, indefinitely postponed ...

New York keeps its first place in the ranking of global financial centres, and London in second place is under pressure from Frankfurt and Shanghai. Frankfurt jumped seven places in ...

Parklane, a Luxury Collection Resort & Spa is now open! Parklane, a Luxury Collection Resort & Spa, is now open for the Summer 2021 season and ready to welcome you back! ...

Are you ready to start your own business? Have you done the numbers and said that this is the perfect moment to take the next step in your career? If ...

Crude futures settled lower on Tuesday, pulling back from one-month highs, on fears that India, the world’s third-biggest oil importer, may impose restrictions as coronavirus infections and deaths surge ...

Apple Inc (AAPL.O) announced on Tuesday a range of new computers, a paid podcasting service and devices for finding lost items, signaling the continued expansion of its once-simple product ...

Cyprus Finance Minister Constantinos Petrides on Tuesday outlined a plan that integrates the European instrument, the “Recovery and Resilience Facility” with the strategy for the country’s economy. First of ...

The French state has taken firm control of Air France-KLM after the recapitalisation with €1.03 billion via the issuance of shares. Late Monday, the airline announced that it had successfully placed ...

The US State Department said on Monday it will boost its “Do Not Travel” guidance to about 80 per cent of countries worldwide, citing “unprecedented risk to travelers” from the Covid-19 ...

Austria will only use Russia’s Sputnik V coronavirus vaccine once the European Medicines Agency (EMA) has approved it, Chancellor Sebastian Kurz said on Monday, amid growing public frustration with ...

There is a strong chance that flights from Russia to Cyprus will be grounded all summer, according to travel industry sources. However no decision has yet been reached; it is ...

Murex, the global leader in trading, risk management and processing solutions for capital markets, will bolster its regional footprint in the Europe-Middle East-Africa region with a new physical presence in ...

Bitcoin, the world’s biggest cryptocurrency, fell as much as 14 per cent to $51,541 on Sunday, reversing most of the big gains it made over the past week. Bitcoin was last ...

Since the beginning of the coronavirus pandemic, consumers around the world have saved an additional $5.4 trillion, and gained confidence that they can spend it as businesses reopen, Moody’s said ...

Environmental scientist Laura Garcia Velez cut her teeth on projects to help Ethiopian farmers insure crops for drought and connect remote Colombian communities to the electricity grid before working for ...

Facebook (FB.O) will announce a series of products under the umbrella of “social audio” on Monday, including its take on audio-chat app Clubhouse and a push into podcast discovery ...

The euro zone economy is still standing on the “two crutches” of monetary and fiscal stimulus and these cannot be taken away until there is a full recovery, European Central ...

Over 400 financial firms in Britain have shifted activities, staff and a combined trillion pounds ($1.4 trillion) in assets to hubs in the European Union due to Brexit, with more pain to ...

Silver saw a long rally last year, and it looks to continue to gain value throughout this one. Global demand for silver will rise to 1.025 billion ounces in 2021, its highest ...

Cyprus has seen its public debt increase sharply in 2020, and even more in 2021, but the plan to service the debt is working. According to a report by the Public Debt ...

As the Turkish lira slides closer and closer to 10 to the euro, the Turkish central bank last week banned the use of cryptocurrency in transactions, in a desperate attempt to ...

Twenty thousand users are fighting to get their vaccine of choice within a single second. That’s what is making the Vaccination Portal crash, explains Deputy Minister of Research, Innovation ...

In Cyprus, 39 per cent of farm animals are still kept in cages, according to the not-for-profit organisation End the Cage Age. This is, however, far better than Austria and Luxembourg ...