Since 2012 around 1,900 companies a year have opted to go bankrupt in the past decade; that’s an average of around 160 a month going out of business. Already 1,669 firms have
Reading through the announcements regarding the closure of Korivos Commercial Centre, both by the Municipality of Paphos and the owners, leaves many questions that need answers. Based on the announcements, I found
The term NFT, or non-fungible token, has frequently appeared in the news, usually followed by an exorbitant amount, which accompanies the sale of one-of-a-kind digital items. Collectable crypto-projects or crypto digital artworks,
Introducing electronic scanning of the Safe Pass starts Monday voluntarily, to help businesses adapt to the new measure until 22 November when it will become mandatory, the Health Ministry said. Cyprus’ Health
From Monday, businesses are obliged to verify their clients’ Safe Pass validity using an application designed by the Deputy Ministry of Innovation, called CovScan. The cabinet-approved decision is perceived as a move
One out of ten businesses in Cyprus is still refusing to accept credit cards as payment for services and goods, despite a Finance Ministry decree obliging them to do so. As of
Cyprus’ shortage of IT talent and professionals are the biggest challenges the country faces on its path to digitalisation, said Innovation and Digitisation deputy minister Kyriacos Kokkinos. Talking to MPs on the
Despite COVID-19 obstacles, Cyprus’ economic priorities remain to achieve macroeconomic stability and establish a competitive, business-friendly regulatory environment, said Finance Minister Constantinos Petrides. “Despite the pandemic setback, our policy priorities remain the
As Black Friday beckons later this month, Cyprus retailers hope COVID will remain under control during the busy holiday season. In comments to Phileleftheros daily, the general secretary of the Cyprus Retailers
Medical manufacturing giant Samsung Healthcare is pitching for a record €6 mln deal to supply 55 ultrasound units to state hospitals, the biggest contract of its kind in Cyprus and Europe. The
