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
By Ravi Bangar The doors have been slammed shut on Huawei 5G networks in the US, Australia, New Zealand, Singapore and much of Europe (its largest market outside China). The UK is
By Dr Daniele D’Alvia Special Purpose Acquisition Companies (SPACs) are cash-shell firms set up, as their name indicates, with a special purpose: to conduct an acquisition. Their capital is raised via an
By Andrie Kypridemo As if the haircut on deposits required for the bail-in of banks in March 2013, and the credit constraints that brought Cyprus businesses to their knees, weren’t enough, just
Despite coronavirus disruptions, growing demand for quality education will continue to drive primary and secondary education provider’s growth over the next three years, according to a new report by Moody’s Investors Service.
Cyprus is looking into whether it can throw an €800,000 lifeline to private Cypriot airline TUS Airways after the ailing company requested a state bailout. Confirming that TUS Airways asked for a
Non-performing loans (NPLs) rose marginally to €32.3 bln in April accounting for 27.7% of all loans in the banking system, according to data released by the Central Bank of Cyprus. According to
Cyprus’ re-tweaked deal with Russia to avoid double taxation is good news as terminating the agreement by Moscow would have hurt the economy in sparking an exodus of Russian businesses, tax experts
