Cyprus has not processed any passport applications of a foreign investor since January, after freezing procedures pending the approval of tougher criteria regulating the Citizenship for Investment Scheme. The new regulatory framework
In June, the recovery of Economic Sentiment Indicator (ESI), intensified as COVID-19 lockdown eased across Europe, according to European Commission data. According to the Directorate General for Economic and Financial Affairs it
Dubai carrier Emirates will add another seven routes to its itinerary in July including Cyprus as the emirate continues to ease travel restrictions due to the coronavirus pandemic. Emirates will relaunch flights
A rapidly growing flourmill in Cyprus is coping with a downturn in business due to the coronavirus crisis and is adapting to the ‘new normal’ resulting in the new trend of ‘home
Hellenic Bank, the island’s second-biggest lender that absorbed the ‘good bank’ operations of the troubled Cyprus Co-operative Bank, announced a first-quarter after-tax loss of €2.2 mln, with its pre-tax profits at €600,000.
One of the biggest challenges facing small to medium-sized enterprises (SMEs) is dealing with late payments and the risk that some of the trade debtors will not pay their outstanding balances, resulting
Cyprus football clubs lost a combined €23 mln in 2019 as big spenders failed to yield profits as 13 out of the 14 teams playing in next season’s First Division closed their
At 80% Cyprus had the EU’s largest proportion of debt held by non-residents, ahead of Lithuania (76%), Latvia (74%) and Estonia (70%), according to Eurostat data. The share of government debt held
The European Bank for Reconstruction and Development (EBRD) is reinforcing its support for the Egyptian economy with $300 mln of fresh facilities to two leading banks in Egypt to support businesses and
Businesses in Cyprus, including small and medium-sized enterprises (SMEs), may benefit from export and import opportunities available through the European Bank for Reconstruction and Development (EBRD) doubling its trade finance limit to the Bank
