Business - Page 2

SPACS: An art or a science?

By Dr Daniele D’Alvia Special Purpose Acquisition Companies (SPACs) are cash-shell firms set up, as their name indicates, with a special purpose: to conduct an acquisition. Their capital is raised via an

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Cyprus considers saving TUS Airways

Cyprus is looking into whether it can throw an €800,000 lifeline to private Cypriot airline TUS Airways after the ailing company requested a state bailout. Confirming that TUS Airways asked for a

Cyprus-Russia tax deal good for business

Cyprus’ re-tweaked deal with Russia to avoid double taxation is good news as terminating the agreement by Moscow would have hurt the economy in sparking an exodus of Russian businesses, tax experts

COVID19: Cyprus spends €1 bln to support business

Cyprus Labour Ministry expenditure exceeded €1 bln in the first seven months of 2020 due to furlough schemes to support employees and businesses affected by the coronavirus pandemic fallout. According to the

Bounced cheques jump higher in August

Bounced cheques issued in August amounted to €75,840 marking an increase of 72% in value compared with the previous month, data released by the Central Bank of Cyprus show. According to the

Cyprus tops EIB funding list

Cyprus maintains lead position among European Investment Bank (EIB) shareholder countries in 2020 with agreements for projects worth 1.5% of GDP, Finance Minister Constantinos Petrides said. He made the comments on Monday