Cyprus’ Investment Funds sector is on an upward trajectory and has developed rapidly, with over €11 billion under management. Total Assets Under Management have risen from €6.3 billion in 2018 to €11.1
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 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
US private equity firm Lone Star seems to have abandoned its interest in local lender Bank of Cyprus and will not be submitting a fourth takeover bid by Friday. LSF XI Investments
Almost a quarter (23.6%) of all self-employed people aged 18 and over in the EU are at risk of poverty and social exclusion, although that ratio is less than half in Cyprus.
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
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
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 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
Hellenic Bank saw its profits increase in the first half of 2022 to €55.4 mln, from €21 mln in the same period last year, reducing its non-performing loans further, and sticking to
