Cyprus on Wednesday announced a raft of new measures in a €150 mln support package for the economy to deal with effects of the pandemic with total rescue funds touching €3 bln.
Cyprus is the best-improved country in the IMD World Competitiveness Centre 2020 report after rising 11 places to rank 30 among 63 nations. According to the report, Cyprus’ impressive progress is mainly
Total employment in the wider public sector in the first three months of 2020 reached 69,263 persons, an annual increase of 2.3% (1,527) from 2019. Employment in general government was 63,695 and
Finance Minister Constantinos Petrides told his eurozone counterparts the coronavirus outbreak has taken its toll on the Cyprus economy, putting pressure on public finances. Talking with his counterparts during a teleconference, Petrides
“Cash is king” is a phrase according to which money (cash) is more valuable than any other form of investment tool. According to Investopedia, this trusted phrase also refers to the cash
As the coronavirus outbreak started in Cyprus, the number of building permits issued fell by 23.9% in March on an annual basis, according to official data. According to the Statistical Service in
After two-and-a-half months of being on lockdown seems to have been too much for Cypriot consumers as they rushed to theır favourıte shopping hub as malls reopened this week. According to shop
Seasonally adjusted GDP decreased by 1.3% in Cyprus and 1.6% in Greece, during the first three months of 2020 when coronavirus began to bite, compared with the previous quarter, according to Eurostat.
By Athos Kyranides As businesses resume operations after a near two-month freeze, the majority are likely to turn to fintech companies for solutions to help operations get back to normal as soon
A nine-month loan repayment freeze and a €1.4 bln capital release issued to the banks, gave time for the economy to recover from the shock of COVID-19 lockdown, said Cyprus Central Bank
