The deal between social partners to renew the Cost-of-Living Allowance agreement to cover 66.7% of inflation, up from 50%, means the state will pay an additional €1 bln in salaries over three
AstroBank, the fourth largest lender in Cyprus, has reported profits for a second year in a row, as the bank’s management eyes to make its presence felt in the financial sector. Presenting
Top lawyers and accounting firms fear being placed on the US and UK sanctions lists as they have clients whom are Russian oligarchs sanctioned following Russia’s invasion of Ukraine. Quoted by Politis
S&P Global Ratings (S&P) revised the outlook for the Bank of Cyprus to positive from stable, citing the easing of funding risks, a diversified business model and substantial progress in de-risking its
Finance Minister Makis Keravnos’ efforts to convince banks to absorb shockwaves triggered by a hike in interest rates seem to be paying off, as banks agree to alleviate pressure on households. According
The Cyprus Federation of Employers and Industrialists have re-elected Antonis Antoniou as their chairman while urging the government to hold back any new taxes, including corporate tax. The business community fears that
Businesses say implementing a new digital platform for monitoring retail product prices, known as the e-basket, constitutes state intervention in the free market. The Council of Ministers gave a bill the green
The Cyprus Germany Business Association (CGBA) is hosting an event on “Doing Business with Germany” at the Cyprus Chamber of Commerce and Industry in Nicosia on Thursday. The event will include brief
Cyprus Airways announced its March passenger results, carrying 25,899 passengers, a 558% increase from the previous year. Compared to March 2019, before the pandemic, the airline carried 19% more passengers (Mar’19: 21,676).
Sanctions imposed by the US and UK on Cypriot alleged ‘fixers’ has the services sector fearing their efforts to clear the island’s name from the golden passports scandal are in vain. Cyprus’
