Pfizer, Moderna raise Covid-19 vaccine prices for EU
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 ...
The Cyprus tech hub, data centres, and the premium on investment
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 ...
Data centres and GDPR
“Many data centres in Europe have taken advantage of the stability and clarity of GDPR to make compliance with it a selling point,” writes a researcher. “This may involve helping ...
Cyprus can become a major vendor of data centre services to the region
“The culture for business in Cyprus is gradually changing becoming more accepting to Private clouds and collocation options, and gradually to public clouds as well. This mentality has been changing ...
Hellenic Bank, Bank of Cyprus, RCB perform well on ECB stress tests
Hellenic Bank, RCB Bank and the Bank of Cyprus emerged with good performance on the European Central Bank’s 2021 stress tests, according to the statistics released by the central bank ...
It’s a great time to buy Cyprus real estate
By Antoniou Markos, economist
Acquiring real estate has always been one of the most stable investments the average person could make in their life. This is confirmed by George S. ...
The data centres driving technology hub dreams
As Cyprus boldly steps into the ‘Fourth Industrial Revolution’, data centres are multiplying in order to meet the growing demand of businesses that recognise the island’s potential as a ...
Making data centres work in Cyprus
“For Cyprus to grow as a data centre destination, the government needs to provide incentives such as subsidy schemes for private investment (nothing exists today for data centres like for ...
European data centres seek space to grow – JLL analysts
“Secondary locations in Europe are set for growth as the continued trajectory of Europe’s five main markets – doubling in size in under five years – is unsustainable. Demand for lower ...
In the end, it’s all about trust: Data centres and public cloud in Cyprus
“Many may feel that the cloud will take away a certain level of traditional controls, whilst the contribution of the previous IT generation may decline or their value will decrease. ...
Cyprus farming faces a critical phase of adaption to technology
Bringing Cyprus farming out of what is almost a 19th century mindset is a huge challenge with a raft of cultural and economic obstacles to overcome.
There is a fantastic ...
Can Cyprus deregulate its energy sector?
There are millions of euros ready to deploy from the Cyprus Recovery and Resilience Plan (RRP) to modernise the energy sector. But parliament may not be ready to make the ...
Major Ethereum upgrade set to alter supply, fix transaction fees, raise price
Ethereum, the second-largest blockchain network, is about to undergo a technical adjustment that will significantly alter the way transactions are processed, as well as reduce the supply of the ether ...
Anatomy of a Cyprus data centre
“The problem in Cyprus is that businesses don’t trust proven technologies like ours. They have a superstitious fear of letting an external company manage their data. It doesn’t ...
Cyprus Business Now
The Electricity Authority of Cyprus (EAC) has confirmed that the Cyprus Energy Regulatory Authority has approved the EAC’s new fuel rates and basic prices for energy produced from renewable ...
Making the business case for data centres in Cyprus
“Overseas companies, for example, show great interest in Cyprus data centres, because Cyprus is part of the European Union, and thus is under the regime of the General Data Protection ...
Cyprus: About 18% of ESTIA scheme applications approved
The Ministry of Finance has released the provisional results of its Estia housing loan subsidy scheme.
From the 4,374 completed applications received, the ministry has approved 802, roughly 18 per cent of the ...
Cyprus Business Now
The Ministry of Energy, Commerce and Industry has released a statement on companies in Cyprus and the energy efficiency regulations affecting them.
The ministry specifies that companies that do not ...
Turkish central bank sharply raises inflation forecast; lira slips
Turkey’s central bank raised its year-end inflation forecast to 14.1 per cent on Thursday.
In a report released by the Turkish central bank, the bank’s governor predicted inflation, which ...
Shopify sees record Q2 revenue as worldwide consumers spend more online
Canada’s e-commerce giant Shopify announced record second-quarter revenue on Wednesday, as consumers continue to spend big online.
The company’s revenue rose 57 per cent to $1.12 billion for the quarter ...
Is WhatsApp compliant with privacy laws? Investigation to decide in 1 month
EU privacy watchdog EDPB on Wednesday gave the Irish data protection agency a month to issue a long-delayed decision on compliance by Facebook’s (FB.O) WhatsApp after its peers ...
Cyprus Business Now
The Cypriot used car market has experienced a severe decline over the past 12 years, with 70 per cent fewer sales since that time, according to Andreas Shikkis, president of the Pancyprian ...
Cyprus Chamber of Shipping says EU emissions package won’t work
The Cyprus Chamber of Shipping doesn’t think that the EU’s package to decarbonise shipping will simply prove effective.
The “Fit for 55” package is a set of proposals to ...
France imposes health pass for restaurants, gyms, shopping, hospitals
The new French law extending the use of the health pass (pass sanitaire) to a wider range of public places will enter into force on Aug. 9 to help the country ...