December retail trade volume decreased

The volume of retail trade in Cyprus decreased by 0.2% over Christmas compared to November, which increased slightly by 0.1% during Black Friday sales. Compared to December 2021, trade volume increased by

Banking system NPLS remain at 10.5%

Non-performing loans in the Cyprus banking system remained unchanged in November, with the NPL rate to total loans at 10.5%, according to the central bank. According to the latest data, total NPLs

More women want to be entrepreneurs

A total of 187 applications submitted by women were approved for €10.6 mln in the government’s New Entrepreneurship Programme 2021-2027, said Commerce Minister Natasa Pilides. At an event to promote women in

Upskilling needed for digital transformation

The digital transformation journey has begun, but Cyprus needs more skilled tech professionals to see it through, Deputy Minister of Innovation and Digital Policy Kyriacos Kokkinos said. “The greatest weakness of Cyprus

60% of CEOs not planning M&A delays

Global M&A activity will likely rise in the second half of 2023 as investors and executives look to balance short-term risks with their long-term business transformation strategies, according to PwC’s Global M&A

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