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.
Tourism in Turkey is set to return to near pre-pandemic levels this year, boosting the crisis-hit economy with the help of a recent currency crash that has made it a ...
Prosecutors began a US corruption trial on Monday by accusing a former Goldman Sachs (GS.N) banker of seeking to make millions of dollars laundering money looted from Malaysia’s 1...
British tax authorities said on Monday they had made their first seizure of non-fungible tokens in a crackdown on suspected criminal activity to hide money.
Her Majesty’s Revenue & ...
Opposition parties on Monday stayed unsatisfied with tweaks to a government bill regulating the access to borrowers’ data by companies buying loan portfolios and debt administrators.
Although the bill will ...
The government and the opposition traded barbs on Monday over whose fault it is that Cyprus has come under the European Commission’s scrutiny over its VAT policy on primary ...
The owner of another unit that is not affected, has no legitimate interest to file a recourse
By George Coucounis
The rights of owners of units in commonly owned buildings ...
Business applications continued to increase gradually over the past decade in the United States and spiked in 2020. Despite a slight drop in 2021, business startup statistics from the U.S. Census ...
Are you looking for a personal loan with bad credit? If yes, then you should know that the interest rates are high. In addition, you might also face some problems ...
There has been a worldwide effort to reduce the level of tax avoidance. We believe this effort can to an extent be aided by giving taxpayers some sort of an ...
TechIsland says government needs to ensure startups get investment
TechIsland, an NGO representing 137 Cyprus-based technology companies, announced on Thursday that its member company Embio Diagnostics has entered an agreement with ...
Intel Corp on Friday launched a new chip for blockchain applications such as Bitcoin mining and minting NFTs to cash in on the rising usage of cryptocurrencies.
The chip will ...
Israel needs to cut red tape in traditional industries so they can boost productivity and catch up with the country’s booming high-tech sector, the head of the Organisation for ...
Saudi Arabia’s Crown Prince Mohammed bin Salman has transferred 4 per cent of Saudi Aramco (2222.SE) shares worth $80 billion to the kingdom’s sovereign wealth fund, the government said on ...
Volkswagen’s (VOWG_p.DE) supercar brand Lamborghini is looking to keep combustion engine vehicles alive beyond the end of the decade, the unit’s Chief Executive Stephan Winkelmann told ...
Billionaire investor George Soros bought nearly 20 million shares of electric truck startup Rivian Automotive Inc (RIVN.O) in the quarter ended Dec. 31, securities filings showed Friday.
The 19,835,761 shares, worth about $2 ...
The New York Stock Exchange is withdrawing its mask mandate for fully vaccinated people effective immediately, a source said on Friday, after several large US banks also dropped their mask ...
Canada’s trucker protesters could not have picked a better spot to disrupt the export-driven country’s economy, or the North American auto industry, than the four-lane Ambassador Bridge between ...
Some 363 unemployed people showed up for job interviews at the Alexander The Great hotel in Paphos, the local hoteliers association head Thanos Michaelides said on Saturday, as the local industry ...
Rental values for both apartments and houses rose during the fourth quarter of the previous year, according to a report released this week by independent real estate asset management and ...
Renewable energy accounted for 37.1 per cent of the total energy used for heating and cooling in Cyprus in 2020 – the ninth highest rate in the EU and up from 19.97 per cent ...
The Bank of Cyprus on Friday announced that it has been named ‘Best Private Banking & Wealth Management Bank’ in Cyprus for 2022 after an online voting process surveying customers on ...
The transformation of banks’ business model towards digitalisation and their profitability enhancement by rationalising their cost structure, while closely monitoring the underlying risks of this transformation, are the main banking ...
By Ioannis Tirkides
Occasionally, events unfold in close proximity that can be described as seminal. We call them seminal because of their significant impact. They mark a change in the ...
President Nicos Anastasiades discussed the government’s Climate Change Initiative and developments in the Cyprus problem at the ‘One Ocean’ international summit in Brest, France, on Friday.
According to government ...