Stay informed with the latest business and economy news from Cyprus and around the globe. This section covers key developments in finance, energy, tourism, technology, entrepreneurship and the corporate sector.
Cyprus wants shorter gas pipeline to Israel
By Michele Kambas
Cyprus hopes to develop plans for a pipeline linking it to Israel’s east Mediterranean gas fields during talks which ...
Central Bank of Cyprus (CBC) governor Constantinos Herodotou on Tuesday addressed the annual general meeting of the Association of Cyprus Banks, touching on domestic economic developments, the resilience of the ...
The Association of Cyprus Banks has always played a “creative and productive part” in the island’s banking sector developments, particularly amidst the challenges of the past few years, Finance ...
The recent crypto market crash, triggered by the aftermath of SEC lawsuits targeting major exchanges like Binance and Coinbase, has left investors searching for stable investment opportunities. Cryptocurrencies such as ...
The crypto market recently experienced a significant crash following the aftermath of the Securities and Exchange Commission (SEC) lawsuits against major platforms like Binance and Coinbase. This regulatory scrutiny has ...
When Netflix co-CEO Ted Sarandos visits South Korea this week he will find an entertainment industry that has achieved global fame through hits such as “Squid Game” and “The Glory”, ...
The International Monetary Fund (IMF) is working on a platform for central bank digital currencies (CDBCs) to enable transactions between countries, IMF Managing Director Kristalina Georgieva said on Monday.
“CBDCs ...
A quarter of workers surveyed by PwC expect to change jobs in the next 12 months, up from 19 per cent last year, as they are increasingly left cash-strapped in a cooling ...
Intel (INTC.O) will spend more than 30 billion euros ($33 billion) to develop two chip-making plants in Magdeburg as part of its expansion push in Europe, a deal Chancellor Olaf Scholz ...
Buoyed by a swift economic rebound post-COVID, Dubai is racing to attract people and capital to drive long-term growth, betting it can avoid past debt crises that dented its global ...
Construction material prices in Cyprus remained stable in May, according to a report published by the state’s statistical service on Monday.
According to the data cited in the report, ...
Britain’s main manufacturing trade body Make UK revised up its outlook for this year on Monday thanks to strong demand for aircraft and electronics, but said it still expects ...
British supermarket Morrisons said on Monday it was cutting the prices of 47 products by an average of over 25 per cent, in another sign that a surge in inflation might be ...
Lawmakers heard on Monday that around 20,000 debtors should benefit from the planned establishment of special courts fast-tracking financial disputes between borrowers and banks, aimed at affording some protection to mortgaged ...
The German government and Intel (INTC.O) are expected to ink a deal over the US chipmaker’s planned factory in Dresden, capping months of talks over subsidies needed for ...
Asking prices for British homes fell in June for the first time in six years, indicating an earlier-than-usual summer slowdown amid mortgage market turmoil and expectations of further Bank of ...
Last week, the US Securities and Exchange Commission (SEC) filed several lawsuits against crypto exchanges, Binance and Coinbase, claiming that most altcoins including Solana (SOL), Cardano (ADA), and Polygon (MATIC) ...
Oil prices fell on Monday as questions over China’s economy outweighed OPEC+ output cuts and the seventh straight drop in the number of oil and gas rigs operating in ...
State-owned Cyprus asset management company Kedipes has repaid €1 billion to the state for the aid it received, since its inception nearly five years ago, according to chairman Lambros Papadopoulos.
“The ...
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The director of the land registry provides information to an interested person for any entry or transfer in the land registry upon payment of a fee
There are various reasons ...
The national health system, introduced approximately four years ago, is costing the Republic of Cyprus and its people several billion a year. The compensation paid to doctors and other participants ...
European equities and the euro look set to lose out to US markets in the months ahead, as a stellar run in early 2023 has fizzled out in the face of ...
Intel (INTC.O) is to invest up to $4.6 billion in a new semiconductor assembly and test facility near Wrocław, Poland, as part of a multi-billion-dollar investment drive across Europe ...