Cyprus’ largest mall, the Metropolis in Larnaca, costing €85 mln to build, opened its doors on Thursday following delays due to the coronavirus pandemic. Metropolis Mall houses 135 stores covering 40,000 square
The former CEO of Hellenic Bank, Ioannis Matsis, has been appointed the new chair of Invest Cyprus, the authority promoting the island as an investment destination abroad. Matsis replaces the outgoing Michalis
In H1 2021, the Assets Under Management (AUM) of Collective Investments reached €10.7 bln, a record high translating into a 9% quarter on quarter increase. The Cyprus Investment Funds Association welcomed “this
Cyprus’ audiovisual industry, dubbed Olivewood, has tarnished its reputation, as producers of a Hollywood production take the government to court for not fulfilling its €8.5 mln rebate obligations. Hollywood producers of Jiu
Cyprus’ hospitality sector is experiencing rising worker shortages, with job vacancies at their highest in recent years, forcing establishments to reduce operations. A leading business lobby group has warned the government that
In the following months, the government will announce a new scheme for attracting high-tech companies, facilitating staff hiring, offering tax incentives and expedited licensing procedures, President Nicos Anastasiades said. At Wednesday’s 9th
Cyprus and Greece have signed a Joint Declaration of Intent for cooperation in a transnational program on research and innovation for digital transformation and sustainable economies. The Joint Declaration was signed by
The outlook for reinsurance has changed to ‘stable’ from ‘negative’ as prices increase amid a worldwide economic rebound, supporting the sector’s earnings while capitalisation will remain solid, Moody’s Investors Service said Tuesday.
The Central Bank of Cyprus (CBC), professional regulatory bodies and business stakeholders agreed on ten steps to reduce bureaucratic banking procedures to help the economy tick. Procedures such as Know-Your Client (KYC)
Deloitte has just launched its Technology Fast 50 Program in Cyprus, the United Arab Emirates, Saudi Arabia, Qatar, and Bahrain. The program is a competition for fast-growing companies in both established and
