The coronavirus pandemic was one of the biggest and most severe shocks of our daily lives in the past few decades. Whereas individuals often adapt their habits to different situations, the pandemic
More than one in ten small businesses (13%) were forced to shut down during 16 months of coronavirus restrictions and lockdowns. Shopkeepers still withstanding the hits delivered by the pandemic are calling
Rescueline, the largest road assistance provider in Cyprus, announced the acquisition of Mapfre Asistencia in Greece, one of the country’s leading roadside support providers. By joining forces with Mapfre Asistencia, Rescueline’s role
Cyprus’ economic sentiment in July dipped 4.7 points from June, reflecting worsening consumer confidence and weaker business activity in services. Uncertainty among firms in all sectors and consumers painted a gloomier outlook.
EU Finance Ministers have approved Cyprus’ €1.2 bln Recovery and Resilience Plan to exit the pandemic during a scheduled videoconference on Monday. The government’s proposal is included in the second batch of
General Manager of McDonald’s Cyprus, credited with the organization’s charitable work on the island, Renos Andreou died after a long illness aged 67 on 21 July. Widely known for his charity work,
Third Point Hellenic Recovery Fund L.P. is selling its 12.6% stake in Hellenic Bank to Athens-based Eurobank SA for an estimated €41.6 mln, ending fund manager Daniel Loeb’s unproductive venture into the
Ireland’s Eurogroup President Paschal Donohoe praised Cyprus’ “impressive recovery” from the coronavirus outbreak, saying it was down to good national policies coupled with EU decisions. In his first visit since the pandemic,
Moody’s Investors Service has affirmed RCB Bank’s deposit rating and upgraded its outlook from ‘stable’ to ‘positive’, despite the pandemic-induced fragile economic environment. RCB Bank said, “the rating by Moody’s has remained
Venus Minerals said its ongoing drilling programme in Troodos had confirmed the discovery of gold as a significant component of its deposit in Kokkinoyia. The Cyprus-based exploration company has identified economically significant
