New career opportunities have opened up as Melco expands its Cyprus satellite casinos in Ayia Napa, Nicosia and Limassol. Melco is behind City of Dreams Mediterranean; Europe’s first integrated casino resort being
A small increase of 0.4% in deposits in Cyprus banking institutions was recorded in April 2019 after a drop in March said the Central Bank, while loans recorded a decrease. According to
Post-crisis Cypriots still appear to be suspicious of the banking system, as many are choosing to stash their cash, along with other valuables, in safety deposit boxes. Currently Bank of Cyprus and
International Chamber of Shipping (ICS) chairman Esben Poulsson fears the USD 50 bln operational impact and safety issues new Sulphur emission regulations will pose next year. “Nevertheless, the industry still has operational
Kyriacos Kokkinos, chairman of Research and Innovation Foundation, has expressed the government’s commitment to provide the necessary 5G infrastructure to beef up shameful internet speeds. He assured participants at the that the
By Jameel Ahmad, Global Head of Currency Strategy & Market Research at FXTM Now that United Kingdom traders are returning back to office following Monday’s public holiday, we should expect for the
A worsening of economic confidence in services, retail trade and among consumers in May saw the University of Cyprus Economic Sentiment Indicator (ESI‐ CypERC) decline by 1.3 points from April. On an
Chief economist of the European Stability Mechanism (ESM) called for keeping fiscal buffers as external risks, such as trade wars and Brexit, could affect Cyprus economic growth. In an interview with the
While telecommunication companies remain committed to rolling out 5G, experts argue that developments on the ground do not bode well for Cyprus getting superfast mobile internet soon. Telecom experts argue that companies
An increase in sales of locally produced building materials and a significant spike in imports is a tell-tale sign that the construction industry is cementing its progress made over recent years. According
