Cyprus Business News

Bilateral trade between Israel and the UAE now stands at €712 million, according to Israeli government data. Trade between the two countries is expected to hit $1 billion by the end of ...

The total number of government-employed people increased during July, with 92 additional people joining the public sector, the Cyprus Statistical Service said in a report. This represents a 0.2 per cent year-on-year ...

The Cyprus Securities and Exchange Commission (CySEC) has issued a warning (see full text below) that a website hosted in India is set up as an impostor or counterfeit of ...

Lebanon’s Central Bank Governor Riad Salameh announced on Wednesday that the central bank will lift subsidies on fuel imports, al-Jadeed local TV channel reported. “The Central Bank of Lebanon ...

A new study by Saga has revealed that more than a third of Britons (36 per cent) have been unable to book a staycation in the UK this summer, TTG reported ...

Beer deliveries in Cyprus have increased year-on-year during the first seven months of the year, a report by the Cyprus Statistical Service has shown. According to the service, 19.49 million litres ...

For the euro area, as in the world as a whole, output is recovering back toward the pre-pandemic trajectory, economists have predicted. “While the Delta variant means the picture could ...

Limassol, August 10, 2021. For immediate release. As hospitality industry leaders, Kanika Hotels & Resorts have been pioneering holiday perfection for over 40 years. The key to that success is how the company ...

The Covid-19 pandemic has accelerated the move to cashless payments, a study shows. “Between 2009 and 2014 the total value of cash-free transactions worldwide increased by almost half, from £269 billion to £389.7 billion,” ...

The Cyprus statistical service has released data showing that the trade deficit increased during the first half of the current year. The trade deficit for Cyprus increased by €573.6 million during ...

Due to years of fiscal mishandling and skyrocketing operational costs, Lionel Messi, arguably the greatest player of all time has left Barcelona – the club he called home for 21 years. “We ...

2021 will be the first year in the history of container shipping when carrier profits approach $100 billion and average freight rates jump by 50 per cent, according to the latest edition of ...

Ryanair has announced a new base opening in Newcastle for Summer ’22, with a new roundtrip route added to Paphos. Ryanair said that there is “massive demand,” in a statement on ...

Hellenic Bank has accumulated a property portfolio worth €300 million and is now looking to sell it. The properties were the result of borrower debt and related debt restructuring initiatives and ...

Business in Limassol is better this year by Kyriacos Nicolaou and Andrew Rosenbaum Business in Limassol is “not as gloomy” this year as it was in 2020, according to a survey ...

Broad inflation risks are beginning to cast a shadow over the European economy, though analysts say the trend is still not serious enough to spark changes in monetary policy. Eurostat, ...

The pound extended recent gains to hit its strongest level since February 2020 against the euro on Friday, but it fell versus the dollar after better-than-expected U.S. payrolls data boosted ...

There are early signs that people who have been vaccinated against Covid-19 may be able to transmit the Delta variant of the virus as easily as those who have not, ...

Global gas prices are expected to break records this winter as a hot northern hemisphere summer leaves inventories low in key markets, just as green energy drives ramp up in ...

The most devastating frost in decades in top coffee producer Brazil and record freight costs sparked by Covid-19 causing massive shipping logjams are expected to push retail prices to multi-year ...

Europe’s banks are stashing cash to pay bumper bonuses to top performers, amid a deal frenzy driven by pent up demand from the COVID-19 pandemic and rebounding bank profits. ...

The economic consequences of a sustained pandemic would be catastrophic. Ioannis Tirkides, chief economist at Bank of Cyprus* The emergence of a new variant, the Delta, and people’s hesitancy ...

ASBIS, an information and communications technology distribution company based in Limassol, has announced that it has made a property acquisition to the tune of €6.2 million. The recently acquired 5,735 square metre ...

While the concept of decentralisation has been around for more than a decade, an explosion of interest in decentralised finance has been observed over the past few months. By Alexandros ...