When Aris Aristides decided to return to Cyprus in 2016, he was ready to embark on a lifelong dream to craft a premium dry gin, using only native organic and natural ingredients.
Coronavirus-affected economies across Europe could contract on average by 3.5% this year with a rebound of 4.8% possible in 2021, according to a European Bank for Reconstruction and Development report. EBRD warns
By Michael J. Hadjihannas Since the beginning of lockdown in Cyprus from mid-March, technology has played a crucial role not only in stopping the spread of coronavirus but also in the sense
Cyprus’ economy is in need of oxygen and the necessary political consensus to support business during the coronavirus pandemic said Finance Minister Constantinos Petrides. Petrides held consultations on Monday via teleconference with
University of Cyprus economists expect the country’s coronavirus-stricken economy to shrink by 6.9% of GDP in 2020 under a baseline scenario and contract 13.1% under more adverse conditions. UCY Economics Research Centre
Eurivex Trade Finance Ltd (ETFL), the alternate funding provider through invoice discounting, is providing small-to-medium sized enterprises (SMEs) protection for 90% of all invoices issued on credit. As thousands of SMEs gradually
Despite reopening after 50 days of Cyprus lockdown, retail shops have yet to see their businesses take-off as consumers feel uncertain about the coronavirus-tinted future. Talking to the Financial Mirror, Lena Panayiotou
By Yiannis Tirkides No one negates the risks. There are grave concerns, by many, that the amassing of debt by the private and the public sectors alike, as a consequence of the
By Phedonas Phedonos Policies introduced to tackle the economic crisis caused by the COVID-19 pandemic relies on a fundamentally wrong perception of what it actually is. It perceives the coronavirus crisis as
In 2019, the European Union (EU) generated around €13.9 tln in GDP, spiking 17% higher than its level a decade earlier, according to Eurostat data released on Friday. Unsurprisingly, Cyprus was among
