Cyprus Business News

Wizz Air sold €500 million in three-year bonds at an interest rate of just 1.35 per cent on Wednesday. The sale was oversubscribed with more than €2 billion in orders from investors. Wizz ...

One U.S. Federal Reserve official says there is now a “clearer focus” about the economy’s path forward and a horizon for a fuller recovery. Another says the pandemic’...

Jet2 on Tuesday announced in a statement that all flights and holidays would be suspended until March 25 of this year. “Due to the ongoing uncertainty and travel restrictions caused by ...

Negative interest rates could provide significant stimulus, a Bank of England official said on Monday; a move to negative rates is now expected by early February. UK Chancellor of the ...

Conditions in the Cyprus economy inched a bit higher in December, according to the Cyprus Composite Leading Economic Index which is designed to provide early-warning signals of economic changes. But ...

Credit rating agency Moody’s on Monday warned that Cyprus faces the danger of ‘fiscal deterioration in a note released on Monday. In a scenario where the recovery stalls or ...

Bahrain will open its airspace to Qatar as of January 11, the country’s civil aviation affairs authority said on Sunday, following a US-backed deal by Arab states last week to ...

Saudi Arabia’s crown prince unveiled plans on Sunday to build a zero-car. zero-carbon city at NEOM, the first major construction project for the $500 billion flagship business zone aimed at ...

As lockdown looms again, this is a time when many households are taking on more debt. Some cannot work during lockdown, others are simply working less and unable to earn ...

Britain’s future access to European Union financial markets must face the challenge of the “weaponisation” of equivalence (meaning access to EU markets), a UK banking official said. “Are you ...

The recent bitcoin rally has moved it back into the limelight once again. But there is far less heard about how it’s “unstable,” or “really has no value.” On ...

Sense Photonics has developed new detection technology that hits a key milestone required for self-driving cars, the laser sensor company said on Friday. The company led by automotive industry veteran ...

By the time social media companies took action against users and groups spurring on the siege of Capitol Hill this week, culminating in the suspension of US President Donald Trump’...

Food producers in the EU and Europe have expressed alarm about the effect of certain terms in the Brexit deal reached at the end of last year. Sainsbury’s has ...

Britain should not submit to the European Union’s financial services rules just to get better access to the bloc’s market after Brexit, Bank of England Governor Andrew Bailey ...

“Cypriots are holding on to savings, collecting what they can thanks to the moratorium on loan payments through March, and waiting to see whether the vaccines will finally enable us ...

An interview with LI Yaohui, Economic and Commercial counselor at the embassy of the People’s Republic of China in Cyprus, about the world’s first import-themed exhibition, which brings ...

Jet2.com and Jet2holidays have placed their summer 2022 flight and holiday programmes on sale early, as customers are demanding to “”to get some much-needed sunshine booked into their diaries,” ...

The Mediterranean Hospital of Cyprus announced on Tuesday that it had vaccinated 100 doctors and personnel, and certified the vaccinations using the Cyprus-developed E-H Cert blockchain app. The Aretaeio Hospital in ...

Rising demand for oil is expected to drive increases in tanker traffic in the coming year, analysts said. Oil demand in the third quarter is estimated at 94 million barrels per ...

As a little girl who spoke no English when she moved to the United States from Taiwan, Annie Young-Scrivner learned early on about challenging times. But the new CEO of ...

While last year’s strong rebound in many commodity prices might be viewed as a “V-shaped vaccine recovery”, the bank Goldman Sachs contends it is just “the beginning of a ...

Flights completed in 2020 Ryanair 207,300 Turkish Airlines 145,700 Aeroflot Russian Airlines 135,900 Lufthansa 124,300 Air France 118,300 Ryanair was the largest airline in Europe in terms of the number of flights in 2020. According to a ...

Inovio Pharmaceuticals Inc expects to start a late-stage US study of its experimental Covid-19 vaccine candidate in the second quarter of 2021, the drug developer’s chief executive officer said on ...