Invoice discounting or receivables factoring is set to help companies offset the cash flow crunch in the aftermath of the Covid-19 pandemic and help boost their liquidity as businesses slowly return to
Eurivex Trade Finance Ltd (ETFL), the alternate funding provider through invoice discounting, is providing small-to-medium sized enterprises (SMEs) protection for 90% of all invoices issued on credit. As thousands of SMEs gradually
As thousands of small-to-medium-sized enterprises (SMEs) in Cyprus slowly resume operations following the lifting of government restrictions due to the Covid-19 pandemic, one of the critical issues confronting SMEs aside from health
George K. Konstantinou Law, a family-run Limassol law firm specialising in immigration, property and investment, has won a double accolade in the Corporate INTL magazine’s annual awards for 2020. The law firm,
The 2008 financial crisis hit Cypriot banks extraordinarily hard, leaving the sector with an NPL-ratio soaring to a frightening level of 54% in 2014. In subsequent years, the ratio was reduced to
Cyprus Airways launched its inaugural flight from Paphos to Athens on Saturday 21 December 2019 with the aircraft receiving a ceremonial water salute at the Greek airport. Branded sweets were offered at
An administrative court order has imposed a freeze on the Ministry of Transport’s decision to award the tender for the management of the capital’s public bus system for 2020-30 to a consortium
Larnaca-based carrier, Cyprus Airways announced a new baggage charge policy, effective only for Basic fare tickets booked in December to travel from 29 March 2020 onward. It said the changes “allow for
Hermes Airports received an honorary distinction in the field of volunteerism at the 5th Cyprus Competition in Corporate Social Responsibility for its work for people with autism and disabilities. The operator of
RCB Bank and Cyprus Olympic hero sailor Pavlos Kontides have announced the extension and enhancement of their sponsorship agreement in the build-up to Tokyo2020. During a press event at the Olympic House