Bad Bank would reduce debt mountain

Economists have welcomed the idea of creating a state-owned bad bank to help the banking system offload toxic loans to focus on supporting a battered economy post-pandemic. Bank of Cyprus Financial Research

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Strong economic recovery not a given

Cyprus’ economy will start to recover in 2021, however, at a much slower pace than the government predicts with everything riding on the speed of the COVID-19 vaccination rollout, analysts told the

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Construction sector feels the squeeze

Following the demise of Cyprus “golden passports” scheme compounded by coronavirus the construction industry is suffering but has options. The sector is relying on housing developments and offices for companies attracted to

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Trademarks not protecting halloumi

Cyprus’ famous cheese is no longer shielded by trademarks, whether in the EU or elsewhere, after losing another legal battle in the Halloumi trade wars, this time to Bulgarian rival BBQloumi. On

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Cyprus improves digital game

Cyprus is fine-tuning its digital game as it enhances cooperation with neighbouring Israel, an established innovation hub and start-up hatching ground, to become an attractive techno-destination. The Deputy Ministry of Innovation has

COVID puts record Halloumi exports at risk

Cyprus’ flagship halloumi export had its best year in 2020, but demand has crumbled with lockdowns imposed across Europe to combat the second wave of coronavirus crippling the hospitality sector. Dairy farmers

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