The island’s tech boom with the relocation of companies is still going strong as authorities welcome new addition, DataArt, a US enterprise software development firm. DataArt is creating a base in the
S&P Global Ratings raised its long-term issuer credit rating on Bank of Cyprus to BB- from B+, citing improvements in its asset quality and easing of economic risks. The upgrade of the
US private equity firm Lone Star could return with the fourth attempt at a Bank of Cyprus takeover, despite seeing three cash offers rejected by the island’s biggest lender. In comments to
While Facebook’s active user base continues growing on a global scale, the world’s largest social networking platform seems to be losing ground in the European market where monthly active users plunged by
Rating agency Standard and Poor’s has upgraded Cyprus’ long-term credit rating by one notch to BBB from BBB- assigning a stable outlook, citing the economy’s resilience to external shocks. “The upgrade reflects
Economists welcome the introduction of the national minimum wage of €940 as reasonable, while businesses will benefit in the long run from any increase in their payroll. In comments to the Cyprus
The UK is home to the highest number of European unicorns, privately held startup companies valued at over $1 bln, with a total of 47 unicorn start-ups, according to MoneyTransfers. Germany takes
Bank of Cyprus, the target of a failed takeover bid by a US-based investment fund, said Wednesday it improved first-half profits, further reduced its payroll and exposure to non-performing loans, and is
The global mobile apps market is expected to slow down in its growth this year, despite the size of the app market growing tremendously in the past two years, partly due to
Some 67% of enterprises in Cyprus and 56% in the EU reached a basic level of use of digital technologies (digital intensity), according to Eurostat. A basic level entails at least four of
