Cyprus’ largest mall opens in Larnaca

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

Ex-Hellenic Bank CEO takes over Invest Cyprus

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

Olivewood dream turns ugly

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


New incentive scheme to attract high-tech firms

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

Greece, Cyprus sign research & innovation pact

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

Banks agree to cut business red tape

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 launches Technology Fast 50 Program

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

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