Cyprus Business News

For Bank of Cyprus Deputy CEO Dr. Charis Pouangare, the royal road to profit passes through enhanced service for the customer. “This enables us to overcome many challenges. First, the ...

Consumer inflation (CPI) in Turkey rose 1.68 per cent monthly in April and annual inflation rose to 17.14 per cent, the Turkish Statistical Institute (TurkStat) announced on Monday. Annual inflation has now ...

Online sales accounted for nearly a fifth of total retail turnover last year as lockdowns to combat the spread of the coronavirus pandemic fuelled a boom in e-commerce, a United ...

A new company, based in Brussels, is creating a pan-European payments service that can be used to pay online as well as in stores, settle bills between individual consumers and ...

Cryptocurrency ether broke past $3,000 on Monday to set a new record high in a dazzling rally that has outshone the bigger bitcoin, as investors bet that ether will be of ...

Chinese researchers have identified a marine bacterial community capable of degrading plastic waste of poly (ethyleneterephthalate) and polyethylene. While the plastic-eating qualities of bacteria are already well known to the ...

The German economy contracted by a greater than expected 1.7 per cent in the first quarter as a lockdown in place since November to contain the coronavirus stifled private consumption in ...

Lebanon’s public prosecutor has launched an investigation into central bank governor Riad Salameh, a judicial source said, after a Swiss legal request alleged that more than $300 million had been ...

Disagreements over intellectual property rights mean Germany, France and Spain have yet to agree the next steps for a joint fighter jet project, the defence ministry in Berlin said on ...

EU regulators accused Apple on Friday of distorting competition in the music streaming market, siding with Spotify in a case that could lead to a hefty fine and changes in ...

AstraZeneca said its Covid-19 vaccine sales were $275 million in the first-quarter and it is on track to deliver 200 million doses a month from April, as better-than-expected results and a second ...

British trade minister Liz Truss expects the trade dispute over Airbus (AIR.PA) and Boeing (BA.N) to be resolved by July when a freeze on tit-for-tat tariffs expires, she ...

Bitcoin rose 6.54 per cent to $57,098.08 on Friday, adding $3,504.11 to its previous close, and analysts credited increasing interest by major investors as the driver. An expert panel at an online conference ...

Chinese physician Jiang Yawen, 38, heading a team of five fellow doctors, has been on duty in Malta since last October. The 16th Chinese Medical Team for Malta offers traditional Chinese ...

Cyprus was 12th among the top choices by groups of adults, and 12th among the best picks for family travel, according to a survey of 5,000 consumers using the metasearch site ...

Cyprus’ loan guarantee scheme will be credit positive for banks as long as they control their lending, credit rating agency Moody’s maintained in a note released on Thursday. “On ...

China on Thursday sent into space the core module of its space station, kicking off a series of key launch missions that aim to complete the construction of the station ...

Greece’s Piraeus Bank last week completed a share capital increase of €1.38 billion, and, in the process, attracted international investor interest. Billionaire investor John Paulson was among a number of ...

With a super SIM card and app, some Chinese smartphone users will soon be able to make phone calls protected by quantum encryption. Unlike traditional encryption methods that rely solely ...

Ethereum , the world’s second largest cryptocurrency in terms of market capitalisation, touched a new peak on Wednesday, with participants citing media reports about the European Investment Bank’s plans ...

Ryanair chief executive Eddie Wilson on Tuesday ruled out any move to Heathrow, and poured cold water on the idea that ‘staycations’ would boom in the UK, FlightGlobal reported. “It ...

Limassol is planning to develop a financial district, ‘Wall Street’ by the sea; the long-awaited technology park is to begin development by yearend. “We are moving ahead with big improvements ...

Over 11,000 Turkish-backed Syrian mercenaries remain in Libya despite a ceasefire agreement that calls for the withdrawal of all foreign fighters, the Libya Review reported on Saturday. At the same time, ...

Some of Turkey’s biggest banks are reluctant to finance President Tayyip Erdogan’s planned Istanbul canal due to environmental concerns and the investment risks hanging over the massive construction ...