The government has left the door open to recalling its decision to freeze an incentive scheme supporting airlines to keep Cyprus on schedule through the COVID and the Ukraine war. In comments
Cyprus airports operator, Hermes, said it is offended by criticism over the extension of the 25-year concession agreement for Larnaca and Paphos airports. Hermes argues that the state has been rewarded €500
JetBrains, the Czech tech company that develops tools for software developers and project managers, has announced ambitious plans to create a hub in Cyprus. The company has relocated more than 220 staff
Cyprus’ policy to provide incentives and tax breaks to high-tech companies are gaining traction, as 7,000 work permits have been granted to those with highly specialised skills. Evgenios Evgeniou, President of the
Cyprus’ Investment Funds sector is on an upward trajectory and has developed rapidly, with over €11 billion under management. Total Assets Under Management have risen from €6.3 billion in 2018 to €11.1
The average gross monthly earnings of Cyprus employees increased by €100 in the second quarter of 2022, according to provisional data published by the Statistical Service. Wages reached €2,081, compared to €1,982 in 2021,
Economic sentiment improved during September by 4.5 points compared with August, as consumer confidence recovered, according to the Economics Research Centre of the University of Cyprus (CypERC). The increase in the ESI-CypERC index
US private equity firm Lone Star seems to have abandoned its interest in local lender Bank of Cyprus and will not be submitting a fourth takeover bid by Friday. LSF XI Investments
Almost a quarter (23.6%) of all self-employed people aged 18 and over in the EU are at risk of poverty and social exclusion, although that ratio is less than half in Cyprus.
Cyprus’ technology performance continues to improve after being promoted to the group of “strong innovators” on the 2022 European Innovation Scoreboard, prepared by the EU Commission. With a performance of 106.9% of
