A revised government scheme aims to help 40,000 struggling businesses and self-employed navigate their way out of COVID-19 lockdown with cash, €1.5 bln in state-backed loans, plus tax incentives. Finance Minister Constantinos
Belatedly Introducing the e-signature in Cyprus will bring about a “small revolution” in people’s transactions with the public sector, a need highlighted by the coronavirus pandemic. Deputy Minister of Innovation Kyriacos Kokkinos
As thousands of small-to-medium-sized enterprises (SMEs) in Cyprus slowly resume operations following the lifting of government restrictions due to the Covid-19 pandemic, one of the critical issues confronting SMEs aside from health
Pure new bank lending in Cyprus declined by 33% in March compared with the previous month, as the lockdown to curb the spread of the coronavirus outbreak began to bite. According to
In the post-virus transition period, countries will move from saving lives to opening up their economies. The full extent of economic dislocation and devastation that will follow this crisis is not yet
Construction work of the casino project in Limassol resumed on Wednesday after COVID-19 lockdown, setting a course to deliver Europe’s largest Integrated Casino Resort (ICR). Melco, the owner of 75% of ICR
Cyprus is heading for a tough economic recession with GDP growth in 2020 to decline -7.4% while public finances will deteriorate with a -7% deficit, according to the EU. Inflation is set
Cyprus’ construction industry was on the rise prior to the coronavirus outbreak, as building permits increased during the first two months of the year by 5.6% compared to the same period of
George K. Konstantinou Law, a family-run Limassol law firm specialising in immigration, property and investment, has won a double accolade in the Corporate INTL magazine’s annual awards for 2020. The law firm,
Cyprus on Monday began to unlock its COVID-battered economy as construction and retail opened for business, amid government warnings to closely follow health guidelines. Moving on from Monday’s first stage out of
