Cyprus Labour Ministry expenditure exceeded €1 bln in the first seven months of 2020 due to furlough schemes to support employees and businesses affected by the coronavirus pandemic fallout. According to the
Bounced cheques issued in August amounted to €75,840 marking an increase of 72% in value compared with the previous month, data released by the Central Bank of Cyprus show. According to the
Cyprus maintains lead position among European Investment Bank (EIB) shareholder countries in 2020 with agreements for projects worth 1.5% of GDP, Finance Minister Constantinos Petrides said. He made the comments on Monday
Cyprus pharmaceuticals are probably the country’s biggest kept secret as the industry was responsible for almost a third of all exports in the first five months of 2020 while increasing year-on-year. Last
The cabinet has approved the creation of a Fast Track Business Activation Mechanism for setting up a company in Cyprus by third-country nationals to attract more foreign investment. A proposal was submitted
Registered unemployed in Cyprus recorded a sharp annual increase of 69.2% in August compared to the same month last year due to the COVID pandemic, official data shows. Coronavirus travel restrictions have
Nicosia bus drivers have called off their strike over pay, going back to work on Thursday after two days of industrial action that caused disruption for passengers. Bus drivers in Nicosia and
New business loans in Cyprus recorded a 25.4% drop in July from June while consumer loans and home mortgages increased, according to Central Bank data. According to the official data, in July
Hellenic Bank announced that CEO Ioannis Matsis has stepped down after three years in the job at the second largest Cyprus lender and that his employment agreement “has been mutually agreed to
Cyprus businesses are legally obligated to accept payments with plastic money if they want to avoid being slapped with a hefty fine by the tax authorities. Retail businesses not accepting payments via
