Cyprus Business News

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 ...

“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 ...

“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 ...

“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. ...

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 ...

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 ...

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 ...

“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 ...

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 ...

“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 ...

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 ...

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 ...

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 ...

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 ...

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 ...

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 ...

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 ...

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 ...

Limassol mayor Nicos Nicolaides spoke exclusively to the Cyprus Mail about the city’s businesses, how they have been affected by the pandemic and what the municipality is doing to ...

Bitcoin broke above $40,000 on Wednesday and headed for another attempt at breaking from its months -long range as short sellers bailed out and traders drew confidence from recent positive comments ...

Households and business owners in Cyprus are less optimistic about the economy when compared with a month ago, a report by the University of Cyprus Economics Research Centre shows. The ...

Property prices dropped in the second quarter of 2021 according to real estate data experts WiRE FS. On a quarterly basis, prices for apartments fell by 0.14 per cent, for houses by 0.36 ...

The Cyprus Securities and Exchange Commission has warned the public that certain individuals are contacting investors while pretending that they are representing the commission. Under this false premise, these individuals ...

This winter, for the first time ever, Cyprus is going to create a Christmas Village, Deputy Minister for Tourism Savvas Perdios told the Cyprus Mail in an interview on Monday. “...