Cyprus Business News

By CITR Cyprus, part of the Impetum Group The Italian model, with a ‘bad bank,’ has seen success in managing NPLs. Business shutdowns, deferrals, job losses, credit default, and many ...

Amazon on Wednesday won its fight against an EU order to pay about €250 million ($303 million) in back taxes to Luxembourg as Europe’s second highest court dealt a blow to ...

The way in which post-Brexit trade rules for Northern Ireland are operating may not be sustainable for long, Britain said on Tuesday, as firms count the cost of disruption and ...

Twenty-seven per cent of Turkish residents are found to be living at near -starvation levels, according to independent researcher MetroPOLL’s monthly survey for April, The survey found that about 27 ...

For economist George Syrichas, former executive director and board member of the Central Bank of Cyprus, currently advisor to the Economic Research Centre, University of Cyprus, the Cyprus economy will ...

esports will generate $1.1 billion in revenue this year. The majority of that number comes from media rights and sponsorship opportunities, which, with a global livestreaming audience of 663 million in 2020, look ...

The US State Department said on Monday it has eased travel advisory ratings for the United Kingdom and Israel after raising both countries to its highest warning level last month ...

Ethereum’s ether climbed to a new peak for a third straight day on Monday on continued optimism about further growth in decentralised finance or “DeFi”, although some analysts said ...

Chinese scientists have recently discovered a gene responsible for epilepsy, a neurological disorder of the brain. The new study published in the international journal Brain described the gene as UNC13...

By Nicholas Anderson How the lack of bilateral investment treaties diminishes the competitiveness of Cyprus as a European investment hub No one can deny the role that Russian investments have ...

When much of the global economy locked down last year, insurers, facing estimated losses of more than $100 billion globally, reached straight for their red pens to strike pandemic cover from ...

Dassault Aviation (AVMD.PA) launched a new long-range “flying penthouse” on Thursday in a bid to challenge rivals serving the ultra-wealthy and heads of state at the top end of ...

Dogecoin lost more than a third of its price on Sunday, after Tesla chief and cryptocurrency supporter Elon Musk called it a ‘hustle’ during his guest-host spot on the “Saturday ...

’Oreal’s (OREP.PA) make-up sales are set to bounce back to pre-Covid-19 pandemic levels, the French group’s new chief executive said on Friday, with women opting for brighter ...

Five European Union Member States distanced themselves on Friday from the idea of waiving patent rights on coronavirus vaccines, saying the key to ending the COVID-19 pandemic was making more ...

Can’t open a bottle of water? A soft robotic arm will do it for you. Researchers from the University of Science and Technology of China (USTC) have developed a ...

The decisions by the Bank of England Monetary Policy Committee on Thursday to hold rates, and to reduce the speed of its asset purchase programme suggest that the pound will ...

Europe’s consumers will feel the hit from price rises this year as companies seek to recoup revenues and cover pandemic-related costs. But for now, this is inflation the European ...

Gold jumped more than 1 per cent en route to its best week since November after an unexpected drop in US jobs growth in April hastened a retreat in the dollar ...

“Residential for rent is where I see a lot of capital chasing product, given the affordability constraints of buying vs. renting. The investment in this sector is typically supported by (1) ...

US employers likely hired nearly a million workers in April as they rushed to meet a surge in demand, unleashed by the reopening of the economy amid rapidly improving public ...

As part of measures to support companies facing liquidity problems due to the Covid-19 pandemic, the Ministry of Finance announced plans to allow partial monthly payments of VAT. “It is ...

In a major shift on intellectual property rights, the US administration has backed lifting patents of Covid-19 vaccines in order to speed up vaccination of those in need worldwide. The ...

Turkey’s central bank announced in a press release on Thursday that it chose to keep its key interest rate unchanged at 19 per cent, in a move widely anticipated by ...