Cyprus Q2 job vacancies skyrocketed

The number of job vacancies in the second quarter of 2021 has jumped 77.3% as the market starts recovering from lockdown restrictions imposed to contain coronavirus. Increases in job vacancies are driven

Cyprus’ largest mall opens in Larnaca

Cyprus’ largest mall, the Metropolis in Larnaca, costing €85 mln to build, opened its doors on Thursday following delays due to the coronavirus pandemic. Metropolis Mall houses 135 stores covering 40,000 square

Ex-Hellenic Bank CEO takes over Invest Cyprus

The former CEO of Hellenic Bank, Ioannis Matsis, has been appointed the new chair of Invest Cyprus, the authority promoting the island as an investment destination abroad. Matsis replaces the outgoing Michalis

Olivewood dream turns ugly

Cyprus’ audiovisual industry, dubbed Olivewood, has tarnished its reputation, as producers of a Hollywood production take the government to court for not fulfilling its €8.5 mln rebate obligations. Hollywood producers of Jiu

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New incentive scheme to attract high-tech firms

In the following months, the government will announce a new scheme for attracting high-tech companies, facilitating staff hiring, offering tax incentives and expedited licensing procedures, President Nicos Anastasiades said. At Wednesday’s 9th

Greece, Cyprus sign research & innovation pact

Cyprus and Greece have signed a Joint Declaration of Intent for cooperation in a transnational program on research and innovation for digital transformation and sustainable economies. The Joint Declaration was signed by