Cyprus Business News

For the first time, a comprehensive effort is underway to make the island a technology hub Cyprus is framing a comprehensive, holistic policy to compete as a technology hub, Invest ...

For the first time since 2015, when stock price plummeted in the wake of the dieselgate scandal, Volkswagen is once again Germany’s most valuable company, overtaking Europe’s biggest software ...

Turkish President Recep Tayyip Erdogan removed the governor of the country’s central bank late on Friday, just after that official had presided over an interest-rate hik. Naci Agbal had ...

If proof were needed that US producers are spending massively, the recent interview of Prince Harry and Duchess of Sussex Meghan Markle with Oprah Winfrey provides an example: US and ...

Wizz Air is to introduce 122 new routes in spring and summer of this year. The new routes to and from Cyprus include: Larnaca-Cardiff, Larnaca-Tel Aviv, Larnaca-Birmingham, Larnaca-Kharkiv and Larnaca-Oslo Gardermoen, ...

On March 16, details of thousands of companies domiciled on the island will be collected to be entered in a so-called Ultimate Beneficial Owner (UBO) register – according to standards set by ...

Morgan Stanley has become the first big US bank to offer its wealth management clients access to bitcoin funds, CNBC reported on Wednesday. In an internal memo, the bank told ...

The skies above the Israeli town of Hadera were abuzz with delivery drones on Wednesday as national authorities tested a central control room for safely coordinating the small pilotless aircraft ...

As confectionery groups scramble to reduce added sugar, chocolate sweetened with cocoa fruit pulp is about to hit supermarket shelves with food giant Nestle ready to launch its “Incoa” bar. ...

By Dr. Charles Ellinas We urgently need a major rethink and change in direction. I have called repeatedly, and have been advocating through my articles in this newspaper, for the ...

The central bank of Turkey on Wednesday raised its key interest rate to 19 per cent from 17 per cent. The lira rose to about 8.75 against the euro from over 9 to the ...

The euro eased to $1.19655, but was hovering close to its one-week high of $1.19900 after rallying 0.6% on Wednesday. The British pound traded at $1.3946, having gained about 0.5 per cent overnight against the ...

Britain proposed weakening the market grip of “Big Four” auditors on Thursday and making company directors responsible for spotting fraud after the collapses of retailer BHS and builder Carillion. Directors ...

Britons are planning on using a portion of savings accumulated over the last year to go on a £50 billion spending spree when lockdown is lifted, according to a collaborative report ...

Budget airlines Ryanair and EasyJet are both predicting a boom in summer travel this year. But the “jury is still out,” say travel industry analysts at ING. Full recovery for ...

European Commission proposes to create a Digital Green Certificate to facilitate safe free movement inside the EU during the Covid-19 pandemic, according to a press release on Wednesday. Commissioner for ...

Market dealers said the Lebanese pound was trading at around 15,000 to the dollar, having lost a third of its value in the last two week to stand at barely a 10...

Inflows into cryptocurrency funds and products have already hit a record $4.2 billion for the first quarter, reflecting growing institutional investor interest, CoinShares data showed. The previous high for crypto inflows ...

In a major victory for unions, Uber’s more than 70,000 British drivers will be paid the minimum wage while picking up and driving passengers as part of the ride-hailing company’...

Multi-asset investment platform eToro, which has an important presence in Cyprus, said on Tuesday it will go public through a merger with a blank-check firm backed by banking entrepreneur Betsy ...

Russian tourists are expected to be welcome in Cyprus as of April 1, according to sources close to the deputy ministry of tourism. Phillip Orphanides contributed to this article. Tourism operators ...

Germany is betting the US administration will take a pragmatic approach to the Nord Stream 2 project to ship Russian gas to Europe and is pushing for the pipeline’s completion ...

Finnish telecom equipment maker Nokia on Monday announced it has partnered with Microsoft, Amazon web services and Google to develop new cloud-based 5G radio solutions with its radio access network (...

Qatar Petroleum, the world’s top liquefied natural gas (LNG) producer, is cranking up the pressure on high-cost rivals with bold expansion plans that will boost supplies over the coming ...