For 20.1% of Cyprus enterprises (19.7% in the EU), e-commerce sales reached at least 1% of their total turnover, which was 3 percentage points higher (+0.7 pp EU) than the previous year. According to
Bank of Cyprus aims to return to substantial dividend payouts this year as it posted after-tax profits of €71.1 mln for 2022 from €29.7 mln the year before. Announcing its latest financial
Bankruptcy declarations among EU businesses increased substantially in the fourth quarter of 2022 (+26.8% from the previous quarter), but Cyprus showed a decrease (-13.4%), according to Eurostat. During Q4 2022, bankruptcies in the
Mobile app developers grossed $428 bln last year, with people worldwide making over 235 billion downloads, with global app revenues and downloads more than doubling over the past five years. In 2023,
It’s been business as usual for Cypriot firms exporting goods to the UK in the past two years as they dodged the Brexit bullet. Despite initial concerns, Cypriot exports to the UK
Upon signing the Recovery and Resilience Plan “Cyprus Tomorrow”, the authorities have committed to achieving zero carbon dioxide emissions by 2050. After all, this is included in the 17 United Nations Sustainable
Pioneers in cognitive sports training, Israeli technology company i-BrainTech is expanding its operation to Cyprus. “The company’s cutting-edge solutions will be made available to elite young athletes in the region, empowering them
In July and August 2022, PwC Cyprus implemented the four-day working week for the first time, thus extending by one day (Friday) the employees’ free personal time. This targeted action falls within
While Mark Zuckerberg may believe that the future of his company lies in the metaverse, truth is, the project is costing Meta and its shareholders billions of dollars. The four-year operating loss
Cyprus Airways announced Monday its best January passenger results since 2019 after they increased nearly ten times from the year before. Last month the Cypriot Flag-carrying airline carried 27,356 passengers from 2,776
