Cyprus’ economy is heading for a recession this year as a result of the crisis brought on by the outbreak of COVID-19, said Finance Minister Constantinos Petrides on Tuesday. Speaking to CyBC
Coronavirus-triggered social distancing, isolation and lockdowns have driven-up the use of financial apps in Europe by 72% in a week, according to data compiled by deVere Group, one of the world’s largest
Two rival card payments handlers have hiked the amount for cashless payments to alleviate worries of people touching keypads to insert their PIN numbers amid the coronavirus scare, as card use rises
It’s the 2012-13 banking collapse and financial crisis all over again. Only this time around, despite grandiose announcements of financial aid, it is obvious that the small and medium-sized enterprises (SMEs) will
Cyprus’ Electronic Communications Commissioner is monitoring internet traffic, following an increase of bandwidth demand due to the COVID-19 lockdown measures. With people working from home, and the internet is becoming the main
Real GDP may only contract by between 3.5 per cent and 9.2 per cent in 2020 as the impact of Covid-19 to tourism and the retail sector is offset by rising food
The Cyprus government has made available €2 bln to ensure workers keep their jobs and help businesses to avoid bankruptcy amid the coronavirus pandemic. Two schemes have been approved by the Cabinet
The government has decided to freeze eviction of tenants who fail to pay their rent until the end of May due to the coronavirus outbreak. Cabinet approved a bill amending the Rent
Employees with high-risk jobs at supermarkets, bakeries and grocery stores are reaching their limits as they suffer stress and exhaustion after working through the first weeks of the coronavirus pandemic. Workers union
Cyprus retail business is suspended from 1800 on Tuesday until April 13 with specific exceptions to curb the COVID-19 outbreak, the Minister of Health announced. Exemptions apply to businesses and workshops for
