Cyprus Business News

Lockdown restrictions have been partially lifted, and many have predicted a major increase in spending, but many service businesses remain unconvinced. “There is some movement, but we are waiting to ...

Mergers and acquisitions (M&A) activity surged globally in the first quarter of 2021 to a year-to-date record, as companies and investment firms rushed to get ahead of changes in ...

The International Air Transport Association (IATA) on Wednesday said the first version of its ‘Travel Pass’ platform will be made available on Apple Store on April 15th. There is no ...

Ryanair is to resume flights to and from Cyprus from April. This summer will be a ‘win-win’ for Ryanair working with Hermes Airports, Maria Kouroupi, senior manager Aviation Development, Marketing ...

Johnson & Johnson said on Wednesday it had found a problem with a batch of drug substance for its Covid-19 vaccine, which did not meet quality standards at Emergent Biosolutions’ ...

The Turkish lira has fallen to 9.75 to the euro at this writing, close to a record low. The lira is at 8.33 to the dollar; the record low is 8.53. The British ...

In the EU, 26 out of 27 Member States are struggling with vaccine shortages and irregular delivery, a report from the Stockholm-based European Centre for Disease Prevention and Control warned on Wednesday. ...

On March 24, the government announced changes to the offer for a ‘Golden Visa,’ – Cyprus residency in exchange for investment, but no passport. However the new offer is little changed from ...

Global banks may lose more than $6 billion from the downfall of Archegos Capital, sources familiar with trades involving the US investment firm said on Monday, and regulators and investors fear ...

“Recalculating,” as the GPS often tells us when we are driving, may be our best career strategy after a year of uncertainty. Roadblocks or jams may lie ahead, but the ...

Covid-19 vaccines developed by Pfizer Inc with BioNTech SE and Moderna Inc reduced risk of infection by 80 per cent two weeks or more after the first of two shots, according ...

Talks on the EU Common Agricultural Policy (CAP) reform held on March 26 broke down over questions like “what does a farmer do” and payment for performance. The CAP accounts for ...

Eurobank has remained in profit for the fiscal year of 2020 despite the difficult conditions posed by the pandemic. Profit after taxes for the fiscal year was €40.1 million, down from €44,5 million ...

Bookings at American Airlines last week through aa.com and the American Airlines app were up 150 to 400 per cent compared with last year, and within a few points of 2019; bookings ...

A firm based in the United Arab Emirates will start commercial production of China’s Sinopharm vaccines in April, under a deal announced on Sunday. Gulf Pharmaceutical Industries PSC, based ...

Salvage teams freed the Ever Given in the Suez Canal, according to maritime services provider Inchcape, almost a week after the giant vessel ran aground in one of the world’...

China and Iran, both subject to US sanctions, signed a 25-year cooperation agreement on Saturday to strengthen their long-standing economic and political alliance. “Relations between the two countries have now ...

Turkey has approved development plans for a huge canal on the edge of Istanbul, Environment Minister Murat Kurum said on Saturday, advancing a project which has attracted criticism over its ...

French Foreign Minister Jean-Yves Le Drian said on Friday Europe would not let itself be subjected to “a kind of blackmail” by Britain over supplies of Covid-19 vaccines. European Union ...

EU experts say that nuclear power is a green investment, according to a document reviewed by Reuters. The Commission asked the Joint Research Centre (JRC), its scientific expert arm, to ...

Investors around the world have poured money into Exchange-Traded Funds (ETFs) this year. More than $800 billion have been invested thus far this year, up from $600 billion in assets under management ...

Stellantis NV and Chinese electric vehicle maker Nio became the latest carmakers to announce new production cuts as a result of a global semiconductor chip shortage. Stellantis said on Friday ...

Credit agency Fitch Ratings on Friday affirmed Cyprus’s ‘BBB-‘ credit rating in a note. A ‘BBB-‘ rating indicates a low indication of default, but some business or economic factors ...

Swiss bank EFG got a solid thumbs-up from credit rating agency Moody’s on Friday, in a review. Moody’s noted the the Zurich-headquartered banking group’s absolute and relative ...