Sales of passenger saloon cars in the first 10 months dropped to their lowest level since 2015, according to data released Tuesday. The energy crisis, rising pump prices, and long delays in
A few PwC partners have launched a breakaway firm in Cyprus to take on work from Russia-linked clients that the Big Four audit firms will no longer touch, according to the Financial
Finance Minister Constantinos Petrides believes Cyprus can tackle the new risks and challenges stemming from the war in Ukraine and soaring inflationary pressures. He was addressing the 8th International Funds Summit and
The International Investment Funds Association (IIFA) will host its 36th annual conference in Cyprus next year, a decision heralded as a vote of confidence in the local sector. A statement by the
The biggest problem faced in the digital transformation effort is resistance to change, said Deputy Minister for Research and Innovation Kyriacos Kokkinos. He presented his Deputy Ministry’s 2023 budget and the work
Yields of Cypriot bonds issued domestically rose significantly in the last months, reflecting the policy rate hikes of the European Central Bank (ECB) in its effort to curb soaring inflation. Cypriot 13-week
Short video-sharing platform TikTok now ranks among the social media apps generating the highest revenue, building on its recent global success. Data suggests that TikTok’s revenue also highlights the app’s position as
Since the New Strategy for Attracting Businesses and Talents was launched in January, the government has received a bumper 9090 applications from foreign companies, with 97% examined. An event by the Cyprus
Deposits in the Cypriot banking network climbed to a nine-year high in September, boosting liquidity in the system to over €23 bln, said the Cyprus Central Bank. On the flip side, the
US Ambassador Judy Garber believes Cyprus is moving in the right direction as an investment destination and bilateral ties with Washington. Garber was a keynote speaker at the “Investment Realized” forum organised
