Average gross monthly earnings up 5%

The average gross monthly earnings of Cyprus employees increased by €100 in the second quarter of 2022, according to provisional data published by the Statistical Service. Wages reached €2,081, compared to €1,982 in 2021,

Economic sentiment improves

Economic sentiment improved during September by 4.5 points compared with August, as consumer confidence recovered, according to the Economics Research Centre of the University of Cyprus (CypERC). The increase in the ESI-CypERC index

Cyprus joins EU strong innovators

Cyprus’ technology performance continues to improve after being promoted to the group of “strong innovators” on the 2022 European Innovation Scoreboard, prepared by the EU Commission. With a performance of 106.9% of


Thousands of foreign firms eye Cyprus

Cyprus’ drive to attract foreign businesses has brought impressive results, with nearly 8,000 applications received in the past two years, said Interior Minister Nicos Nouris. The Minister at VIII Best Legal Conference

Preparing future tech professionals

A high-tech multinational firm is doing its bit to address the talent gap in Cyprus’ blooming IT ecosystem, as the number of technology companies increases on a geometrical scale. Kyndryl, a US

Cyprus tackles crypto-enabled cybercrime

Cyprus will tighten rules for cryptocurrency payments to crack down on fraud and criminal activities hiding behind transactions made with virtual money. The House expects the government to submit its amendments to