The government sees no need to step in to support any sector of the economy from the fallout of the war in Ukraine and sanctions on Russia. At the House Commerce Committee,
The Finance Ministry is expected to table before the Cabinet a bill offering borrowers defaulting on their mortgages access to courts to challenge a foreclosure process of their home. The bill creates
Sir Stelios Haji-Ioannou, the Creator and Owner of the easy family brand is awarding Youth Entrepreneurship in Cyprus for the first time this year. He is granting €60,000 to the top three
The banking system shrunk further in 2022; nearly a thousand bank employees have left the sector, while banks have closed 56 branches across the island, also removing 62 ATMs from the network.
Some 100 Cypriot companies caught up in the UK and US sanctions fallout are back in business after restructuring their executive boards, removing sanctioned people for helping Russian oligarchs. The Registrar of
Safeguarding Cyprus’ credibility as a business and investment centre is a personal goal for President Nikos Christodoulides. This is what he told the 60th conference of the Pancyprian Public Servants’ Trade Union
Cypriot authorities are working on unfreezing the assets of companies caught up in the UK and US sanctions fallout, while another list includes more Cypriot individuals that enabled sanctioned Russian oligarchs. The
Five Cypriot law firms are under investigation by police for possibly violating European Union sanctions by providing services to Russian oligarchs with ties to the Kremlin. A total of 36 law firms
Some €1.2 bln in Russian-owned assets managed by Cyprus-registered companies were frozen in compliance with sanctions imposed on Russia following its invasion of Ukraine, the Finance Ministry said. The ministry told The Associated Press that “the
Largest lender Bank of Cyprus posted after-tax profits of €95 mln for the first quarter of 2023 from €17 mln in the same period last year. The Bank announced Tuesday that net income from
