Cyprus Business News

Turkey is considering a fresh capital injection for state banks but they also need a plan to deal with lingering bad debt after the lenders depleted their resources helping Ankara’...

The Cyprus Information and Communications Technology (ICT) industry is well and prospering; this became clear at the the Cyprus Computer Society Annual Meeting late on Wednesday. For the Cyprus ICT ...

The European Union will propose a new agency to crack down on money laundering and new transparency rules for transfers of crypto-assets, EU documents showed on Wednesday as the bloc ...

A coalition of 24 industry organisations urged the White House to lift coronavirus restrictions that bar much of the world from traveling to the United States but a White House official ...

“The global tax scene is changing: international tax developments include areas such as multinational corporations, green growth and the environment, the fight against aggressive tax planning, as well as technology ...

The European Commission has raised its forecast for Cyprus’ economic growth in 2021 to 4.3 per cent from 3..8 per cent in its previous forecast. This brings Cyprus closer into line with the ...

Fully vaccinated travellers arriving from countries on Britain’s Amber list are set to avoid quarantine from as early as July 19, British media reported on Tuesday, as airlines prepared to ...

Cyprus sees the Eastern Mediterranean gas findings as a means for sustainable growth and a vital tool in the transition towards clean energy, the Minister for Energy, Commerce and Industry ...

“Investment in Cyprus tourism will be socially immersive – this means that it will benefit the whole island,” Cyprus Deputy Minister for Tourism Savas Perdios told the Invest Cyprus Tourism and ...

The effectiveness of the Pfizer vaccine against the coronavirus has dropped to just 64 per cent in Israel, the country’s Ministry of Health said in a statement on Monday. The ...

A Cypriot union representative recently declared that homeownership in Cyprus has become an ‘impossible dream’. In Cyprus, the rising cost of construction materials has resulted in property values increasing by ...

The Iran-backed militia group Hezbollah has done everything it can do to create a parallel state in Lebanon. A ‘state within a state,’ many call it. The Lebanese political class ...

Saudi Arabia’s energy minister pushed back on Sunday against opposition by fellow Gulf producer the United Arab Emirates to a proposed OPEC+ deal and called for “compromise and rationality” ...

Kremlin-controlled gas giant Gazprom has held off from booking additional capacity for gas supplies via Ukraine to meet surging demand in recent months, sending a clear sign it is waiting ...

The latest buzzword in wealth management these days is ‘decoupling,’ because most of us in the normal world are still dealing with the effects of the pandemic crisis. But the ...

“Our vision is to create a sustainable growth environment that is driven by research, innovation, and technological advancement. This means creating a new incentives framework for science and technology companies. ...

Near-term bets in favour of the dollar should be increased, a majority of analysts in Reuters polls said, who however were split on the duration of the greenback’s bullish ...

Turkey on Thursday cancelled most of its Covid-19 restrictions on businesses and events, and lifted nighttime and Sunday curfews after daily infection numbers remain steadily around 5,000 cases. The intercity travel ...

Sony has added to its already impressive lineup of in-house studios by acquiring Finnish game developer Housemarque on Tuesday. Housemarque, the makers of April’s eighth-best selling game Returnal, a ...

Jet2.com and Jet2holidays have suspended all flights and holidays to countries on the UK’s amber list up to and including 18 July, the airline said in a statement ...

Ryanair on Thursday announced that six new routes are being added to its summer schedule from Paphos. The new routes are to Bologna, Bari, Corfu, Marseille, Rhodes, and Venice. Speaking ...

Almost a third of businesses that trade with the EU have suffered a decline or loss of business since new barriers to trade were introduced on January 1, according to a ...

Britain is set to secure an exemption for financial services from a new global tax system which was agreed by the Group of Seven economies to squeeze more money out ...

Do we still need banks? What role do they play in our society today? The role of banks today has not changed, despite the many changes we have gone through, ...