India-EU conclude 1st round of negotiations over trade, investment

New Delhi/IBNS: India and the European Union concluded the first round of negotiations for India-EU Trade and Investment Agreements, including the Geographical Indicators (GI), in New Delhi last evening.

Hero Cycles delivers first batch of Made-in-India-e-bikes to EU

New Delhi/IBNS: Indian bicycle-maker Hero cycles has successfully delivered its first batch of Made in India e-bikes of around 200 units to Germany in Europe, according to media reports.

EU needs roughly $1.6 trillion to overcome COVID-19 crisis – Economic Commissioner

Moscow/Sputnik: Tackling the implications of the coronavirus epidemic will likely cost the European Union an approximate 1.5 trillion euros ($1.6 trillion), EU Commissioner for Economy Paolo Gentiloni said in an interview with Germany's Spiegel on Monday.

Business prospects for Cyprus resident

The Republic of Cyprus is placed on the island of the same name in the Mediterranean. It’s a British colony in the past and is currently a participant of the European Union. Tourists, nearly 2 million visitors per year, are the main sphere of profit for locals. Therefore, the country's budget is highly dependent on the service section, which is equivalent to 4/5 of GDP. Besides, Cyprus is an exporter of fruits, clothing, and medications. The local fleet of vessels is the fourth major worldwide and also brings great profits.