Cyprus Business Now
Transport Minister Yiannis Karousos said that the plan for the implementation of sustainable mobility solutions in Nicosia is progressing, according to the Cyprus News Agency (CNA).
Speaking during an event ...
ECB pledges low rates for longer as Delta variant threatens recovery
The European Central Bank pledged on Thursday to keep interest rates at record lows for even longer to boost sluggish inflation and warned that the rapidly spreading Delta variant of ...
Bank of Cyprus, Hellenic Bank get Moody’s upgrade
Moody’s Investors Service (“Moody’s”) has on Wednesday upgraded Bank of Cyprus Public Company Limited’s (Bank of Cyprus) and Hellenic Bank Public Company Ltd’s (Hellenic Bank) long-term ...
Israel says Pfizer vaccine effectiveness down to 39%
The effectiveness of the Pfizer vaccine against Covid-19 has dropped to 39 percent in Israel, the country’s Ministry of Health said on Thursday.
The Pfizer vaccine is also only 41 per ...
Eurogroup chief praises Cyprus’ ‘impressive recovery’
Eurogroup President Paschal Donohoe praised Cyprus’ “impressive recovery” from the coronavirus outbreak on Thursday, stressing that this performance was the result of good national policies coupled with good decisions taken ...
EFG sees net profit triple in first half of 2021
Zurich-based EFG Bank, present in Limassol and Nicosia, saw IFRS net profit triple to CHF 106.5 million (€98.4 million) on CHF 629.3 million (€581.2 million) in revenue for the first half of 2021, according to ...
US and Germany strike deal on Nord Stream 2 pipeline
German Chancellor Angela Merkel and US President Joe Biden on Thursday reached an agreement on the Nord Stream 2 pipeline that will carry gas from Russia to Europe, bypassing Ukraine, on ...
Airline passengers demand global Covid-19 travel pass — IATA
Airline passengers are fed up with confusion at airports due to Covid-19 health checks, and want to see a unified global system put in place.
This is according to a ...
Cyprus Business Now
Celestyal Cruises, a cruise line that also serves Cyprus, have announced a strategic partnership with AtmosAir Solutions, a company specialising in the filtration and cleaning of the air in indoor ...
“Costs not going down any time soon”, construction companies warn
The Cyprus housing market has become unaffordable for many due to the rising cost of construction materials. Industry insiders warn that this will not be resolved for quite some time.
“...
Musk says Tesla ‘most likely’ to accept bitcoin again
“I might pump, but I don’t dump,” said Elon Musk on Wednesday. “I definitely do not believe in getting the price high and selling … I would like to see ...
‘Cyprus now has a central plan to transform the economy’ – Finance Minister
The public consultation on “Vision 2035: Long-Term Strategy for the Sustainable Development of the Cypriot Economy,” was launched on Wednesday.
Speaking at the launch conference, Finance Minister Constantinos Petridis noted that ...
RCB Bank’s credit rating affirmed, Outlook upgraded to positive by Moody’s
Moody’s Investors Service has affirmed RCB Bank’s deposit rating and upgraded its outlook from stable to positive in its newly published and updated press release on the Bank.
...
Brexit: UK and EU set for conflict over North Ireland border as Frost seeks to change the rules
The UK will on Wednesday announce demands that are expected to violate post-Brexit trading arrangements between Great Britain and Northern Ireland.
The Northern Ireland Protocol, agreed by the UK and ...
EU to ‘close the door’ on money-laundering
The European Commission on Tuesday proposed the creation of an anti-money laundering authority to clamp down on financial crime across the European Union (EU).
“These are bold steps to close ...
Nicosia municipality provides €700,000 in aid to local businesses
As Nicosia recovers from the pandemic, the Nicosia municipality is working to give local businesses close to the Green Line a boost.
“A lot still hinges on how the pandemic ...
Israel reacts to spyware scandal after journalists are hacked
Israel’s Defence Ministry said on Monday that the export of cyber products, like spyware sold by NSO Group, was for lawful use and with the sole purpose of fighting ...
Africa’s largest hydropower project GERD delayed by Sudan-Ethiopia talks
Sudan on Monday reiterated its rejection of Ethiopia’s completion of the second filling of the Grand Ethiopian Renaissance Dam (GERD).
The Grand Ethiopian Renaissance Dam (GERD) is a 6,450 MW ...
Cyprus economy gets growth spurt
The Cypriot economy continues to recover after registering an impressive year-on-year growth rate of 11.2 per cent in June according to a report by the University of Cyprus Economic Research Centre.
...
Binance ditches ‘stock tokens’ as global crackdown widens
Binance said on Friday it had stopped selling digital tokens linked to shares, as Hong Kong’s financial watchdog became the latest in a string of regulators to crack down ...
OPEC+ boosts production as UAE, Saudi Arabia agree to truce
The Organization of the Petroleum Exporting Countries (OPEC) and non-OPEC countries, known as OPEC+, agreed in an online meeting on Sunday to boost oil production by 400,000 barrels a day as ...
Sterling is weak on Freedom Day as Covid-19 cases surge
It’s Freedom Day in the UK, meaning that pandemic-related restrictions are gone, but Covid-19 cases in England are now the third-highest number in the world behind only Indonesia and ...
Syria’s Assad says $60bn frozen in Lebanon’s banks; 80% of Syrians below poverty line
Syrian President Bashar al-Assad said on Saturday the main impediment to investment in the country was money stuck in ailing Lebanese banks.
In a speech after being sworn in as ...
Investing in real estate starts to make sense again
The Cyprus real estate market is finding its legs again, just as, across the globe, the housing market is booming – real estate investment is starting to make sense again.
The ...