Job vacancy rate rises to 2% 

In Cyprus, the job vacancy rate increased to 2.0% in the first quarter of 2021, the same rate as the EU, up from 1.3% in Q4 2020, but stable from a year

Cyprus funds now eligible in India

The highly promising Indian market is now within reach of Cypriot-regulated funds and regulated fund managers, signalling further growth for the sector. This week, India’s Ministry of Finance issued an order specifying

Airports shuttle service relaunched

Transport Minister Yiannis Karousos on Tuesday relaunched inter-city bus routes connecting Cyprus towns with its two airports in Larnaca and Paphos, as COVID-affected air passenger traffic improves. Kapnos Airport Shuttle Ltd relaunched

Holborn Assets opens Limassol office as global hub

Holborn’s second office in Cyprus will be the Dubai-headquartered international financial advisory group’s global administrative, compliance, marketing, IT, and client relations centre. Significantly, the establishment of offices in Limassol coincides with Holborn’s


Unemployment reaches 8.6% in Q1

Unemployment in the first quarter reached 8.6% of the labour force, data released by the Cyprus Statistical Service (Cystat) show. The labour force amounted to 453,638 persons or 62.2% of the population

Car sales rise 8% in first five months

Motor vehicle registrations declined by an annual 7.8% in May, although total sales rose by 9.8% in the first five months of 2021, reflecting the improved Covid pandemic outlook. According to the

G7 tax deal may not impact Cyprus

A decision by the G7 to impose a global minimum tax rate appears not to affect Cyprus’ competitive corporate regime, Finance Minister Constantinos Petrides said. In a written comment to Reuters, Petrides

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