MARKET TRENDS

Taxi app expected to revolutionise cab service

A new application, Taxify, which is being launched on Wednesday in Nicosia is expected to revolutionise the taxi sector in Cyprus. The app allows users to set their location and see where the nearest [...]

BY Elena Economou
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Apr 25 2018

Fitch upgraded Cyprus’s IDR

Fitch Ratings has upgraded Cyprus`s Long-Term Foreign-Currency Issuer Default Rating (IDR) to `BB+` from `BB` with a positive outlook. The rating is just one step before the investment scale.Fitch sa [...]

MARKET TRENDS
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BY Elena Economou
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Apr 24 2018

Bitcoin Brushes $9,000 As Crypto Markets Continue Making Steady Gains

NEWS BTC is currently trading at around $8,977, having broken $9,000 earlier today, up almost 2 percent over a 24 hour period to press time. According to CoinMarketCap, BTC dominance is around 38.4 [...]

MARKET TRENDS
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BY Elena Economou
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Apr 23 2018

Business accelerator expands reach

Bank of Cyprus and Deloitte programme to aid aspiring entrepreneurs Accelerator Aris, A Really Inspiring Space, has grown with the addition of another team. The latest team, Exal is about developing a [...]

MARKET TRENDS
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BY Elena Economou
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Apr 18 2018

Government aims to double industry’s share of GDP by 2030

The government on Monday announced the launch of a long-term industrial strategy policy, aiming to double industry’s share of gross domestic product by the year 2030. The strategy was unveiled at a [...]

MARKET TRENDS
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BY Elena Economou
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Apr 17 2018

Tax department sends online details to payers

The tax department said on Friday it has mailed taxpayers their individual numbers necessary to register online to pay income and defence tax. All tax returns starting from 2017 will have to be submit [...]

MARKET TRENDS
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BY Elena Economou
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Apr 14 2018

Cyprus to boost collaboration on start-ups with Russia

A high-powered Cypriot delegation is in Russia to accelerate the exchange of technologies and boost collaboration on innovation and start-ups. The team will also promote opportunities for Russian inve [...]

MARKET TRENDS
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BY Elena Economou
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Apr 12 2018

Cyprus, Egypt preparing ground for gas pipeline, foreign minister says

Cyprus and Egypt will be ready in the near future to sign an agreement on a direct undersea natural gas pipeline from Cyprus’ exclusive economic zone to a liquefied natural gas plant in Egypt, Forei [...]

MARKET TRENDS
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BY Elena Economou
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Apr 11 2018

6 Myths About Bitcoin And How To Bust Them: Expert Take

EXPERT TAKE Given all the negative press that Bitcoin has to fight against, the arguments in favor of Bitcoin may sometimes be lost in all the noise. So let’s have a look at the typical attacks on [...]

MARKET TRENDS
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BY Elena Economou
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Apr 10 2018

NEWS Bitcoin Lightning Network Sees First Android Mobile App Hit Google Play

NEWS Devices running version 5.0 or newer of the operating system can now send Lightning payments, which should notionally cost a fraction of regular Bitcoin network fees and confirm almost instantly [...]