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.
Skiing in Lebanon has long been a luxury for the well-off, but the eastern Mediterranean country’s financial meltdown has thrown most people into poverty and made taking to the ...
US representatives Gus Bilirakis and Nicole Malliotakis have criticised the US government’s unilateral move to reverse its policy on the EastMed pipeline, noting that the US State Department seems ...
Technology that merges the virtual and physical worlds could start to become a reality for consumers in a few years, Facebook owner Meta Platforms Inc (FB.O) has told advertising ...
The United Arab Emirates’ plans for a corporate tax risk eroding one of its main attractions as the Gulf’s premier destination for foreign firms, at a time when Saudi ...
Singapore will begin implementing a long-flagged increase to its goods and services tax next year, its finance minister said in his budget speech on Friday, while also announcing a slew ...
Intel Corp’s latest focus on making chips to meet rising demand will give Advanced Micro Devices Inc (AMD.O), its biggest rival in the server and PC market, a ...
Cyprus’ representation at the Egypt Petroleum Show (EGYPS) in Cairo, which concluded on Wednesday, was a success, national promotion agency Invest Cyprus said on Friday.
The agency said that Cyprus’ ...
The Cypriot government and the country’s public service are accelerating the reform of public resource management, the first phase of which is expected to take effect in 2023, Finance Minister ...
By Maria Demertzis
The Maastricht treaty, signed thirty years ago this year, committed European Union countries to the greatest step in integration they’d so far taken. It established European ...
Revenues from tourism amounted to €1.46 billion in the period between January and November of 2021, a report by the Cyprus Statistical Service (Cystat) released on Friday revealed.
The revenue reported reflects ...
Finance Minister Constantinos Petrides on Friday met with the Association of Cyprus Banks, discussing the issue of loans being mislabeled as non-performing, Estia scheme appeals, as well as non-viable borrowers, ...
Product Management Consultants are in high demand today, both in the private and public sector, for a myriad of reasons. A 2021 online summit targeted at Product Management Consultants, The 2021 Product ...
Despite a dip in online retail sales in Q3 2021, e-Commerce retailers managed to sustain their vast gains from 2020. E-Commerce data from the U.S. Department of Commerce show that the ...
British shoppers began to return to stores last month after many stayed away during a wave of COVID-19 cases that peaked at the turn of the year, although fast-rising inflation ...
Airbus (AIR.PA) hopes to reach an amicable solution in a row with Qatar Airways over damage to the surface of A350 passenger jets, Chief Executive Guillaume Faury said on ...
Pandemic restrictions in 2020 reduced the European Union’s oil and petroleum consumption in energy use to its lowest in 30 years, the bloc’s statistics office said on Friday.
Eurostat said ...
Turkish consumer confidence dropped 2.8 per cent to 71.2 points in February, official data showed on Friday, but remained higher than a record low level it touched in December due to a ...
Tesla Inc (TSLA.O) and its Chief Executive Elon Musk on Thursday accused the US Securities and Exchange Commission (SEC) of harassing them with an “endless” and “unrelenting” investigation to ...
Aggravated by fiddly financial apps, retired urologist Carlos San Juan got more than he bargained for when he began a campaign for a more user-friendly service from Spain’s banks.
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The budget of the Cyprus Ports Authority for 2022 is projected to have a marginal surplus, the authority said on Thursday.
The budgeted revenues of the Authority are expected to reach €30,460,125 ...
The Ministry of Energy, Commerce and Industry on Thursday announced a range of programmes to support households and businesses, worth €158 million in total, scheduled for launch throughout 2022.
During a presentation ...
Israel’s economy grew at its fastest pace in 21 years in 2021 as consumer spending, exports and investment rebounded with double-digit gains following a pandemic-stifled 2020, raising the spectre of the central ...
Visa Inc (V.N) cards will be accepted at all Amazon.com Inc stores and sites as part of a global agreement, the companies said on Thursday.
Amazon said last ...
President Tayyip Erdogan’s government is hoping that Turks will endure soaring living costs for just a few more months before inflation begins easing and tourists arrive, helping the economy ...