Although Cyprus, research and development investment has risen during the last decade, data shows that the R&D expenditure as a percentage of GDP is the lowest in the EU. Moreover, the disinvestment
Nike is the world’s most valuable apparel firm, according to data presented by FinancePR.com, showing that the American outfit achieved a $30.44 bln valuation in 2021, placing it at the helm of
It is a fact that there is a worldwide effort to reduce the level of tax avoidance. This problem can be met, to an extent, if the liable taxpayer gets some benefit,
Cyprus successfully issued an oversubscribed ten-year Eurobond for €1 bln at an interest rate of one percent to beef up its liquidity in the face of a budget deficit caused by the
Cyprus will tap the international markets on Thursday by issuing a €1 bln ten-year European Medium-Term Note (EMTN) to cover fiscal needs arising from the pandemic. The Finance Ministry said, “the Republic
The credit profiles of Cyprus’ two largest banks are improving due to significant progress with plans to offload non-performing exposures (NPEs), Fitch Ratings said. The agency expects the Bank of Cyprus (B-/Positive)
The value of bounced cheques issued in 2021 rose to €0.93 mln, up 25.6% from €0.74 mln in 2020, whereas the number of bad cheques dropped to 363 from 454 the year
Vehicle registrations dipped by an annual 11.8% in 2021 to 34,716 from 39,367 the year before, and under 40% of saloon cars sold were new. According to the Statistical Service (CyStat), the
The banking system, unquestionably strained by the uncertainty created by the pandemic, is going through a prolonged period of low-interest rates. At the same time, it has excessive liquidity, which, combined with
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,
