Business - Page 3

€15 mln funding to boost Research & Innovation

To strengthen Cyprus’ science and business community, the Research & Innovation Foundation (RIF) has launched a new €15 mln funding programme to improve poor performance in this sector. Four new programmes, each

New era for clinical lab tests

NIPD Genetics, a leading Cypriot biotechnology company, is expanding into clinical laboratory testing with its new, state-of-the-art central labs and nine modern sample collection centres located throughout Cyprus. NIPD Genetics aims to

Cyprus international ICT companies join forces

To promote the island as an ideal destination for international ICT companies and provide support for foreign investors, the Cyprus Tech Association has been established. The Cyprus Tech Association provides a platform

Cypriots warm to online property auctions

Online auctions of properties once-owned by banks through debt-to-asset swaps are taking off in Cyprus as property management firms see their digital sales grow during the pandemic. A private online platform, BidX1,

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Eurobank Cyprus stays on profit course 

Eurobank Cyprus remained on a course of profitability in 2020, despite a 10% drop in after-tax earnings to €40.1 mln from the previous year, due mainly to the impact of the Covid-19

Fitch cites public debt, weak banking sector

Fitch rating agency affirmed Cyprus’ long-term sovereign rating at “BBB-” with a stable outlook, citing high sovereign debt and a weak banking sector as the main challenges facing the economy. It said