Fitch rating agency has changed the outlook for Cyprus from positive to stable, citing the impact of the coronavirus pandemic on its economy and Nicosia’s fiscal position. In a rating action issued
By Chris Iacovides & Andri Antoniou Whilst the UK is taking proactive measures to aid ailing companies and businesses from the aftermath of the coronavirus outbreak, one cannot help but wonder what
Applications to suspend repaying loans in Cyprus have exceeded 7,000 after the government announced a nine-month freeze as part of emergency measures to mitigate impact of the coronavirus epidemic. Parliament approved a
Cyprus House President Demetris Syllouris said he will forego his wages for the next two months with that money to be used in the effort to combat the COVID-19 virus. “During these
Since the corona crisis has paralysed life in the United States, cannabis sales on some days have almost doubled. On March 16, around 90% more marijuana was sold in California than in
Cyprus’ economy is heading for a recession this year as a result of the crisis brought on by the outbreak of COVID-19, said Finance Minister Constantinos Petrides on Tuesday. Speaking to CyBC
Coronavirus-triggered social distancing, isolation and lockdowns have driven-up the use of financial apps in Europe by 72% in a week, according to data compiled by deVere Group, one of the world’s largest
Two rival card payments handlers have hiked the amount for cashless payments to alleviate worries of people touching keypads to insert their PIN numbers amid the coronavirus scare, as card use rises
It’s the 2012-13 banking collapse and financial crisis all over again. Only this time around, despite grandiose announcements of financial aid, it is obvious that the small and medium-sized enterprises (SMEs) will
Cyprus’ Electronic Communications Commissioner is monitoring internet traffic, following an increase of bandwidth demand due to the COVID-19 lockdown measures. With people working from home, and the internet is becoming the main