Over 80% of firms offer remote working

More than 80% of businesses with ten or more employees provided mobile devices with access to the internet and business email, according to a survey on information and communication technologies (ICT). The

Cyprus wines making comeback

The first National Action Plan to promote Cypriot wine is burgeoning, as exports in 2021 saw a rapid annual increase of over 60%, said Commerce Minister Natasa Pilides. She was celebrating International

Eurobank to be Hellenic’s largest shareholder

Eurobank is on its way to becoming Hellenic Bank’s largest shareholder after announcing an initial deal to buy 13.41% of Wargaming’s 20.61% holding for €70 mln. Greece’s Eurobank Cyprus subsidiary announced the

450 Hellenic Bank staff choose exit plan

Some 450 Hellenic Bank employees have selected the exit button opting for early retirement with €200,000 compensation each. The bank launched its voluntary exit scheme to reduce its staff by around 500

Black Friday off to slow start

Retailers reported their Black Friday sales began an underwhelming start amid a waterfall of complaints of fake offers, with consumers also dissatisfied with the discount level, which averages 20%. Shopkeepers were banking

Consumers report shady Black Friday deals

Cypriot consumers are reporting shady pricing practices ahead of Black Friday by shops, said the Commerce Ministry’s consumer protection service. In comments to CyBC, the service’s spokesperson Anastasia Stylianidou said they had

Cyta puts profits to good use

Cyprus’ Telecommunications Authority (Cyta) is to absorb the additional cost of inflation and energy, putting their record profits to good use. Talking before the House Finance Committee, the chair of Cyta Michalis

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