A spike in Cyprus’ public debt will come down after the coronavirus pandemic eases, but Moody’s said it would consider upgrading the island’s credit rating if the banking sector reduced its toxic
Wizz Air inaugurated on Wednesday its 28th base at Larnaca airport while a third aircraft is expected to start flights from Cyprus in August. Three Wizz Air flights arrived a little before
Suspended loan repayments to banks at the request of borrowers due to the COVID-19 crisis rose 4% to €1.31 bln in early June from €1.26 bln on May 22. According to the
Cyprus has not processed any passport applications of a foreign investor since January, after freezing procedures pending the approval of tougher criteria regulating the Citizenship for Investment Scheme. The new regulatory framework
In June, the recovery of Economic Sentiment Indicator (ESI), intensified as COVID-19 lockdown eased across Europe, according to European Commission data. According to the Directorate General for Economic and Financial Affairs it
Dubai carrier Emirates will add another seven routes to its itinerary in July including Cyprus as the emirate continues to ease travel restrictions due to the coronavirus pandemic. Emirates will relaunch flights
A rapidly growing flourmill in Cyprus is coping with a downturn in business due to the coronavirus crisis and is adapting to the ‘new normal’ resulting in the new trend of ‘home
Hellenic Bank, the island’s second-biggest lender that absorbed the ‘good bank’ operations of the troubled Cyprus Co-operative Bank, announced a first-quarter after-tax loss of €2.2 mln, with its pre-tax profits at €600,000.
One of the biggest challenges facing small to medium-sized enterprises (SMEs) is dealing with late payments and the risk that some of the trade debtors will not pay their outstanding balances, resulting
Cyprus football clubs lost a combined €23 mln in 2019 as big spenders failed to yield profits as 13 out of the 14 teams playing in next season’s First Division closed their