ECONOMY The year-long trial will evaluate the digital currency's technology, payment systems and user experience before any decision on its launch. Photo credit: Unsplash Cyprus joins ECB digital euro pilot programme Newsroom Cyprus will be among the 19 eurozone countries participating in the European Central Bank's first pilot programme for the digital euro, with testing expected to begin in the second half of 2027. READ MORE
Revenue from tourism spikes 8.5% in January Income from tourism reached €38.4 million in January compared to €35.4 million in the same month of 2017 Newsroom 10/04/2018 | BUSINESS
Hundreds of flights cancelled in Germany as airports hit by public sector strikes Lufthansa said it was cancelling more than 800 of its planned 1,600 flights on Tuesday Source: Reuters 10/04/2018 | BUSINESS
Limassol company fined €8000 for oil pollution Authorities issue out of court fine on the spot Newsroom // | BUSINESS
Privatisation of Co-op may lead to the creation of a 'bad bank' The Finance Ministry deposited €2.5 billion in the CCB to allay fears over a bank run Newsroom / CNA 06/04/2018 | BUSINESS
Uber to suspend service in Greece after new legislation It operates a licensed service in Athens has faced opposition from local taxi drivers who accuse it of taking their business ... Source: Reuters 05/04/2018 | BUSINESS
UK diesel car sales slump by more than a third Sales were inflated in March last year, when customers brought forward purchases to beat a tax rise Source: Reuters 05/04/2018 | BUSINESS
J&P starts to pay workers again Saudi Arabia employees get paid but Cypriots have to wait a little longer Newsroom 05/04/2018 | BUSINESS
China retaliates for US tariffs, slaps duties on soybeans, planes, autos Beijing’s list of 25% additional tariffs on US goods to match the $50 billion targeted on Washington’s list Source: Reuters 04/04/2018 | BUSINESS
Cyprus Cooperative Bank gets €2.5 billion deposit Government boosts Co-op coffers as bidding investors contemplate options Newsroom / CNA 03/04/2018 | BUSINESS
Gross average monthly earnings begin to rise According to official data earnings were in negative territory for three years Newsroom 03/04/2018 | BUSINESS