Cyprus Business News

Oil prices fell on Friday as the US dollar rose while forecasts called for crude supply to rise in response to prices climbing above pre-pandemic levels. US West Texas Intermediate (...

Britain said on Friday it would offer a fast-track visa scheme for jobs at high-growth companies after a government-backed review warned that financial technology firms will struggle with Brexit and ...

Chinese electric car maker Nio plans to enter European markets from the second half of 2021, CEO William Li said at an online conference on Thursday. He also announced the company’...

Russia has issued a clarification regarding some of the key terms in the protocol that amended the Treaty for Avoidance of Double Taxation Cyprus-Russia – the same clarification has been applied ...

Digital vaccination certificates enabling people to travel in Europe despite the coronavirus pandemic will probably be available before the summer, German Chancellor Angela Merkel said after a virtual EU summit. “...

A new coronavirus variant that shares some similarities with a more transmissible and intractable variant discovered in South Africa is on the rise in New York City, researchers said on ...

Larnaca-based energy producer Petrolina is partnering with the London-based Lion Alternative Energy (LAE) to establish a major producer of renewable energy in Cyprus. Petrolina Solar will invest in LAE’s ...

Staggering inflation, government inaction and decaying consumer sentiment have combined to force the Turkish lira lower against the dollar and the euro. The lira is at €9.05 to the euro, and ...

Cyprus’ EMBIO Diagnostics has received an award for innovation in Covid-19 response, the European Bank for Reconstruction and Development (EBRD) announced on Thursday. Costantinos Louizou, CEO of EMBIO Diagnostics told ...

British finance minister Rishi Sunak should follow the lead of the United States by announcing a £100 billion stimulus push in next week’s budget to fuel an economic recovery from ...

It was an event that could set a precedent in a world longing for a return to normal – a music concert attended by scores of Israelis vaccinated against Covid-19. The ...

The first big real-world study of the Pfizer/BioNTech vaccine to be independently reviewed shows the shot is highly effective at preventing Covid-19, in a potentially landmark moment for countries ...

Superhome Centers, a chain of DIY stores with branches across the island, are set to open three new stores in Cyprus. The first will be a new store in Lakatamia ...

An Israeli pipeline that would deliver reliable energy to the impoverished Gaza Strip have moved from the abstract to the concrete in recent weeks, three officials with knowledge of the ...

In 2020, private banking group EFG International significantly grew its business with a marked acceleration in profitability, especially in the second half of the year, and demonstrated its operational and financial ...

Bank of Cyprus on Wednesday announced a loss of €171 million for 2020, but showed a promising outlook for the coming year as fourth quarter results saw total income rise to €142 million ...

Inflation returned to the euro area in January at 0.9 per cent due to a number of temporary factors, although in Cyprus it remained at a low -0.8 per cent. Cyprus ...

AstraZeneca Plc has told the European Union it expects to deliver less than half the Covid-19 vaccines it was contracted to supply in the second quarter, an EU official told ...

Financial incentives bring filmmakers to Cyprus, and their projects create jobs and work for service providers. Yet the filmmakers must struggle to obtain their incentive payments. Of the 10 applications so ...

“We’re involved in damage control,” Finance Minister Constantinos Petrides told the Cyprus Mail in an interview. Fortunately, the government has the means to keep the damage to a minimum ...

Breakingviews Calling the bottom on Greek banks has been a triumph of optimism over experience. Still, there is reason to believe that €1.2 billion euro Alpha Bank, in which US investor ...

Sterling looks set to extend its rally beyond $1.40, thanks to the pace of Britain’s Covid-19 vaccine rollout and signs that investors are flocking back to assets out of favour ...

Drones with advanced facial recognition capabilities, a common feature in works of science fiction, recently took a big step closer to becoming a reality. Earlier this month a US patent ...

The Cyprus fund industry is maintaining steady growth right through lockdowns and the pandemic, and is seeking changes to its legal framework to harmonise with competitive jurisdictions. “We continue to ...