By Athos Kyranides Small to medium-sized enterprises (SMEs) exposed to the risk that some of the trade debtors will not pay their outstanding balances, resulting in bad debts, can have peace of mind by protecting some or all invoices against non-payment. Every businessman knows that cash flow and liquidity are the lifeline of a business.
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An orange warning was issued by the Cyprus Met Office on Sunday for extremely high temperatures exceeding 40 degrees Celsius as a heatwave grips the island. The Met Office alert is in place until 1700 on Sunday when maximum temperatures are expected to rise to around 43°C inland, 37C° on the coast and 28°C over
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Diversity issues are not part of the national conversation while there is sparse interest in the Black Lives Matter debate in Cyprus. It seems we are not concerned so much about being different as long as you follow the rules of convention, keeping any deviancy locked in the cupboard under the stairs. Most Cypriots probably
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If there’s one thing that the impact from the Covid-19 pandemic has taught us, is that Cyprus continues to face an enormous digital gap, despite the high level of university graduates and the revenue flow from the services sector. The fact that our tourism sector has been hurt most should make us reconsider the outdated
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Cyprus health authorities announced on Saturday three new confirmed COVID-19 cases after conducting 1,699 tests, taking the total since the outbreak to 1,002. One of the new positive cases was Apollon FC footballer Djordje Denic, who arrived on the island from Serbia three days ago and underwent a test at the Limassol club’s initiative. Apollon
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Hidden behind a global Corona fog, East Med security is heading towards a major showdown. Turkey’s president Erdogan’s current chess play seems to be better than the moves being made by other power players. At present Ankara’s Libyan gamble, receiving increased European criticism is still looking bright, as no regional or global power is willing
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The situation regarding estate agents is not healthy and it is a cause of constant argument between property sellers, buyers and the agents seeking a commission. Most of the wrongs were corrected in the past by the Estate Agents Law, but there are still evident problems in the relationship of the two sides, which need
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As Cyprus needs to get connected to keep up with the rest of the world when it comes to digitalising the economy, authorities have decided to step in to boost the country’s fast internet infrastructure. After ranked among the bottom five EU countries in the Digital Economy and Society Index (DESI), for another year, the
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By Sandra Nebritova Last week, the Swedish Financial Regulator issued yet another fine to SEB Bank – worth 1 billion Swedish Krona (€95.2 mln), one of the biggest fines in the regulator’s history. The fine is based on the results of investigations into the bank’s operations in the Baltic states – Latvia, Lithuania, and Estonia.
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Cypriot students should be looking at other alternatives as studying in Britain becomes close to impossible as costs are set to escalate post-Brexit, education experts advise. A recent survey suggests that 9 out of 10 Cypriot students could avoid the UK altogether, while currently the UK traditionally sees 10,000 Cypriot students studying each year. Cypriots
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