Cyprus Business News

Bank of Cyprus announced first quarter revenue of €136 million, and operating profit of €45 million, the bank said in a statement on Tuesday. Profit after tax was €8 million. But organic profit (...

Forget Brexit, says the Confederation of British Industry, a group which represents 190,000 companies in the UK. The organisation says “Seize the Moment,” and releases a report intended to establish a ...

Turkish organised crime boss Sedat Peker on Sunday released his seventh video in a scandalous series about government and organised crime that has garnered 70 million viewers, according to Social Blade. ...

More than 1.3 million UK residents have registered for the National Health service app since details of vaccination against Covid were added. The app enables users to show proof they have ...

The Group of Seven top advanced economies are close to an accord on the corporate taxation of multinationals, paving the way for a global deal later in the year creating ...

Nearly five months after Britain’s official departure from the European Union (EU) following the end of the Brexit transition period, many EU citizens in Britain are considering leaving the ...

Tesla Inc (TSLA.O) Chief Executive Officer Elon Musk tweeted on Saturday that in a battle between fiat and cryptocurrencies, his support is with crypto. Two days ago, Musk assured ...

Spanish Prime Minister Pedro Sanchez presented the European Union’s (EU) planned Digital COVID Certificate, which is meant to be key to restoring easy and safe travel across the bloc ...

“I’ve never seen an economy that feels as good as the US today,” Mark Zandi, chief economist at Moody’s Analytics, told CNN Business. “The economy is booming. It’...

France, with the support of the EU Commission, is preparing sanctions against Lebanese politicians, intended to target their unwillingness to form a government despite the country’s nearly complete collapse. ...

Cypriot banks’ sizable property portfolios expose them to excessive property market risks, the Central Bank of Cyprus said in its Annual Report for 2020. According to the report, as of September 30, 2020, ...

The International Monetary Fund (IMF) has published a proposal to “end the pandemic” with $50 billion in financing for vaccinations, the organisation said in an note on Friday. The proposal’s ...

The government should begin gradually withdrawing the support schemes it has promulgated during the pandemic crisis, the Central Bank of Cyprus said in its Annual Report and Financial Stability Report. ...

The Cypriot government has given an update on its fast track mechanism to facilitate foreign companies’ ability to relocate or open branch offices in our country — more than 50 companies from ...

EP and Council negotiators reached on Thursday a provisional deal for an EU digital Covid certificate to facilitate free movement in Europe during the pandemic, the EU Parliament said in ...

EasyJet announced it expects to fly 15 per cent of its normal schedule between April and June, in a statement of its results released on Thursday. The airline said it may ...

The COVID-19 crisis has forced many companies to think about working from home. The pandemic and the use of videoconferencing globally has shown that remote working is finally here, to ...

Germany’s top-flight soccer league has scrapped plans to sell a 25 per cent stake in its overseas broadcasting rights after resistance from Bundesliga clubs concerned about private equity firms meddling ...

By Pavlos Loizou, managing director, WiRE The Cyprus market for office space is expected to decline 10 per cent to 15 per cent as companies adopt the remote working model, Pavlos Loizou, ...

Hellenic Bank has been ranked by Global Finance magazine among the top banks in the world because they managed to rapidly and effectively adapt to the new circumstances created by ...

Some examples of funding €40 million will go to SMEs and councils and communities €20.5 million for energy efficiency for homes and renewables €78.4 million for improvement business competitiveness €96 million for improvement of ...

Bitcoin’s smaller rivals are eroding its share of the $2 trillion digital currency market. Of the dozens snapping at its heels, most have little use beyond financial trading – but few ...

Cyprus has one of the lowest percentages of workers who usually work from home in the European Union a report from the European Statistical Office (Eurostat) has revealed. Cyprus vs ...

Cyprus minister of energy, commerce and industry Natasa Pilides presented a new scheme on Tuesday, May 18, to promote new business activity on the island. The scheme includes a budget of €30 ...