Acquisitions & mergers culture change needed

Cyprus’ Economy and Competitiveness Council says government encouragement is required to enable more company acquisitions and mergers to improve productivity and robustness. According to recommendations issued by the advisory body, the aim

SMEs find Cyprus Post less reliable

People find the cost of sending parcels to be high, according to a survey conducted by the Office of Electronic Communications & Postal Regulations (OCECPR). The survey, conducted from October to December, asked the

Tackling inflation government’s biggest task

The Cyprus Economy and Competitiveness Council (Ecompet) outlined medium-term and long-term proposals to tackle inflation via innovation investment. The Council said that due to the seriousness of inflation, it established a committee

Annual car sales lowest since 2015

In 2022 car sales reached their lowest ebb for seven years as sales continued to drop for a fourth consecutive year because of growing uncertainty during the pandemic and the aftermath of

Halloumi generating export gold

Halloumi cheese is considered Cyprus’ white gold worth €1.34 bln in exports from 2017-2021, with revenue expected to grow exponentially in the coming years. According to the Ministry of Commerce data, Cyprus

Senvest becomes major shareholder in BoC

Weeks after offloading 3.2% of its 4.5% holding in Hellenic Bank, fund manager Senvest Group has increased its participation in the island’s largest lender, Bank of Cyprus. According to an announcement sent

Good year for retailers

Retailers are pleased with footfall in the shops recorded in 2022, especially over the holiday season when consumers headed to stores for their Christmas shopping boosted by their thirteenth salary. Talking to

Rating agencies turn spotlight on elections

Credit rating agencies are keeping an eye on Cyprus’ presidential elections in February to conclude how the island’s new administration will be running public finances, say economists. Rating agencies will launch a