Cyprus tourism revenue in July plummeted 89.9% to €42.5 mln from €422 mln in the same month last year due to travel restrictions to stem the pandemic. The outlook was no better
Average gross monthly earnings of Cyprus employees during the second quarter of 2020 increased by 1.7% to €1,925 from €1,893 during the same period last year, according to provisional figures. However, seasonally
Weaker confidence in services and construction saw the Economic Sentiment Indicator (ESI-CypERC) decrease further by one point in September compared to August. According to the Economics Research Centre of the University of
Coronavirus has taken its toll on Cypriot betting habits as gaming companies saw their earnings slashed by half in the second quarter compared to the same period last year. While sports betting
Hellenic Bank reported a lower first half net profit of EUR 17.7 mln, impacted by the coronavirus pandemic, down from EUR 58.3 mln in the same period last year. The second biggest
An Audit Office probe into the citizenship for investment scheme said the process lacked due diligence while it should cease offering family members of wealthy investors a Cyprus passport. It said handing
The 2020/2021 Premier League is already underway in what is shaping up to be an exciting season as the league tries to fit in a full season despite a delay due to
A significant decline in building permits was recorded in the first six months due to the restrictive coronavirus measures but data for June shows signs of an economic upswing driven by demand
The Association of Large Property Developers has called on those engaging in public criticism of Cyprus’ Citizenship for Investment scheme to stop, arguing that continued debate will harm the economy. In a
Alkis Iacovides, an avid motor enthusiast, a pioneer in niche car brand dealerships and Cyprus distributor for Porsche and Harley Davidson, died on Sunday. He was 69. Having been involved in the