In December, the number of registered unemployed in Cyprus dropped by an annual 55.7% to 14,800 people out of work. According to data published by the Statistical Service, compared to December 2020,
Tesla’s goal of pushing electric vehicles (EV) into the mainstream is gaining momentum with the company’s steady growth in deliveries. As the EV manufacturer expands production, the number of delivered vehicles is
For the 12th year, 20 Greek Cypriot and Turkish Cypriot entrepreneurs will receive a total of €200,000 for doing business together. The awards will be made in April 2022. Sir Stelios Haji-Ioannou,
Business confidence has reached near pre-Covid levels, boosted by services, construction and the manufacturing sectors, according to a leading economic sentiment benchmark, with the monthly survey suggesting uncertainty exists. The December Economic
Authorities urge consumers to be aware of potential discount scams during the winter sales season. Consumer protection services and watchdog organisations have warned that “loopholes” in legislation leaves room for price manipulation.
Banks are lifeless institutions in concrete buildings. What determines ‘bank policy’ is the management of a bank, not its chairs, desks, walls or ATMs. A necessary clarification is required to explain why
Efforts to attract big tech and fintech firms resulted in reputable companies relocating to the island with expectations that 2022 promises to be another boom year. Invest Cyprus, the state agency to
Greece’s Eurobank Ergasias announced it had completed the acquisition of 12.6% of Hellenic Bank, Cyprus’ second-largest lender. The Greek bank said it completed the acquisition of a 2.7% stake of Hellenic Bank’s
In Cyprus, 17% of businesses sold online (at least 1% of total turnover), just a little under the EU average of 22%. This percentage increased by 2 percentage points from 2019. In
Capital Intelligence Ratings (CI) has affirmed the long-term foreign currency rating (LT FCR) and short-term foreign currency (ST FCR) of Bank of Cyprus (BoC) at ‘BB-’ and ‘B’, respectively, affirming its ‘stable’
