Business

Cyprus banks tighten lending criteria

Cyprus banks tightened lending criteria in the third quarter of 2020 while there was increased demand for loans from businesses and households during the pandemic, according to the bank lending survey. The

Cypriots earning less than in 2010

Cypriot workers are worse off than they were 10 years ago as their wages are lower compared to 2010 average earnings, claims the Independent Civil Servants Union (ASDYK). In an announcement, quoting

COVID puts record Halloumi exports at risk

Cyprus’ flagship halloumi export had its best year in 2020, but demand has crumbled with lockdowns imposed across Europe to combat the second wave of coronavirus crippling the hospitality sector. Dairy farmers

Cyprus seeks dialogue on minimum wage

The Cabinet decided on Wednesday to start a social dialogue for introducing a national minimum wage in Cyprus when unemployment drops to around 5%. Deputy Government Spokesman Panayiotis Sentonas said the Cabinet

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