Business Archives - Page 2 of 2179

Copper exploration underway in Troodos mountains

Moving ahead with the next phase of its appraisal of the Magellan Project, Venus Minerals has commenced diamond drilling in the Troodos mountain range, exploring gold and silver-rich copper deposits. The drilling

13th April 2021

Business/Companies

Lockdown boosts spending on food, delivery services, online betting

The coronavirus lockdown boosted the food delivery sector, pushed up sales of gaming equipment as Cypriots also turned to online betting for entertainment. According to JCC credit card data, in the first

13th April 202112th April 2021

Business

Moody’s welcomes toxic bank loans slashed 43%

A Moody’s analysis said nonperforming exposures held by Cyprus banks declining 43% despite the pandemic is credit positive for the economy. The Central Bank of Cyprus said Cypriot banks’ nonperforming exposures (NPEs)

12th April 2021

Business

Compliance lessons from Archegos fallout

The saga of Archegos Capital Management brought to surface lessons that should have been learned a long time ago. Archegos, meaning ‘leader’ in Greek, was forced to liquidate its portfolio at a

12th April 202111th April 2021

Columnists/Comment/Companies

Headquartering of UK firms in Cyprus – an attractive post-Brexit solution

By Esme Palas As the impact of Brexit is now becoming apparent, many UK-based businesses are considering relocation of their headquarters or business activities to other European countries. Cyprus offers competitive advantages

10th April 20219th April 2021

Business/Comment

Retailers unhappy shops to close on 1 May

All shops in Cyprus will remain closed on the 1 May bank holiday, which this year falls on the same day as Greek Orthodox Easter Saturday, annoying the retail sector. Labour Minister

9th April 2021

Business

Boeing revenue down 42% since 2018

Boeing has had a tumultuous last couple of years, with the airline giant experiencing sharp declines in various metrics, even before the coronavirus pandemic, due to a major global controversy around one

8th April 2021

Companies/Markets/World

Cyprus businesses must name true owners in AML bid

Businesses based in Cyprus will be obliged to declare their true owners, as Cyprus takes steps to shed its spotty reputation as a money-laundering haven, to protect its fragile economy and to

7th April 20217th April 2021

Business/Economy

Cyprus jobless rises by 25% in March

Registered unemployed in Cyprus rose by 25% annually in March to 29,676 as the labour market suffered from lockdowns and the coronavirus pandemic’s prolonged effects. According to the Cyprus Statistical Service, unemployment

6th April 2021

Business

€15 mln funding to boost Research & Innovation

To strengthen Cyprus’ science and business community, the Research & Innovation Foundation (RIF) has launched a new €15 mln funding programme to improve poor performance in this sector. Four new programmes, each

6th April 20216th April 2021

Business

Business - Page 2

Copper exploration underway in Troodos mountains

Lockdown boosts spending on food, delivery services, online betting

Moody’s welcomes toxic bank loans slashed 43%

Compliance lessons from Archegos fallout

Headquartering of UK firms in Cyprus – an attractive post-Brexit solution

Retailers unhappy shops to close on 1 May

Boeing revenue down 42% since 2018

Cyprus businesses must name true owners in AML bid

Cyprus jobless rises by 25% in March

€15 mln funding to boost Research & Innovation

Learning to swim in cash

Government losing argument over Astrazeneca

Cyprus tech policy needs reboot

Turkish ‘Blue Homeland’ sinks East Med pipeline

New EY Cyprus Country Manager

COVID19: Turkish Cypriots get 40,000 vaccines from Turkey

Larnaca man gunned down in suspected gangland feud

COVID19: Cyprus hit by ‘unexpected’ third wave