Financial analysts believe that Cyprus’ Citizenship for Investment Scheme (CIS) should be scrapped as it causes more harm than good with reports of dodgy investors buying their way into the European Union.
Bank of Cyprus posted first-half losses of €126 mln, of which a hefty €100 mln was booked in the second quarter alone with the CEO attributing the downfall to its Project Helix
As the number of new Covid-19 cases continues to rise despite travel restrictions and recommended social distancing pleas, business leaders, managers and CEOs must rush through measures aimed at facilitating remote working.
Many people trying to dodge oppression or a crackdown on corruption have bought Cyprus passports in an attempt to escape the regimes of their home countries, according to Al Jazeera. Based on
Total outstanding loans fell to a new low of €31.9 bln with businesses and households struggling in the wake of the pandemic, according to data released by the Central Bank of Cyprus
Career banker Constantinos Loizides is returning to Hellenic Bank as its new chief executive after 15 years, following the unexpected resignation Wednesday of CEO Ioannis Matsis, media reports said. Matsis stepped down
While business sentiment in Cyprus improved during August, increasing by 1.9 points from July, consumer confidence weakened considerably, according to the University of Cyprus Economic Sentiment Indicator. The indicator reached 81.6 points
Cyprus’ Finance Ministry, after re-evaluating the impact of the coronavirus pandemic, is sticking to its basic scenario of the economy shrinking by 7% GDP this year. In comments to the Cyprus News
Cyprus’ fledgeling film industry, dubbed Olivewood, is slowly getting back on track after the coronavirus outbreak and difficulties faced with the government’s incentive scheme have been overcome. Following the successful completion of
Cyprus is not affected by easyJet’s decision to close three major airport hubs on September 1, affecting hundreds of flights, as the island is already faced with limited connectivity in the aftermath
