Cyprus seeks to address challenges facing small and medium-sized enterprises (SMEs) in obtaining financing, by creating a state Equity Fund which will inject cash into capital-starved businesses and start-ups. Currently, the lack
News that Cyprus ranks fourth amongst EU member states for the number of enterprises (73%) using social media, companies still need to breach the digital divide. Despite the encouraging data presented in
While deposit rates are at rock bottom with some banks even applying negative interest on large sums, Insurance companies argue that their investment funds may offer shrewd investors a way out. According
Nicosia is doing its best to have a Cyprus-Greece passenger ferry link operational by the summer but the case is tangled up in EU state financing rules, said the Deputy Ministry of
Online auction of properties acquired by banks, mainly through debt-to-asset swaps to reduce their toxic loans, have started to take-off as many more are being sold off. A private online platform, BidX1
In a push to promote electric vehicles the government is preparing another incentive scheme to tempt motorists to scrap their conventional cars by essentially offering them a way to charge their electric
Government officials and dairy producers have agreed to disagree on how best to protect Cyprus’ famous cheese because there is no consensus on the traditional recipe. Although agreeing to move forward with
Cash-rich banks are stockpiling properties as they turn to buy real estate linked to mortgages of defaulted borrowers as banking institutions dominate the property market. After acquiring properties through debt to asset
Cyprus reunification would bring about enormous economic advantages for both sides of the island’s divide generating a peace windfall of more than €17 bln while creating 100,000 new jobs in a post-settlement
Turkish Cypriot leader Mustafa Akinci may not make the run-off in April elections for the leadership of his community while the outcome could spell danger for the Cyprus peace process. Analysts argued
