Bank of Cyprus is on track to return to steady profits after it announced a third-quarter after-tax profit of €19 mln and a significant reduction in its non-performing loans. The bank reported
Courting Big Tech and Fintech firms is paying off; as more companies pack their bags to set up shop in Cyprus, Eurisko Mobility, active in digital transformation, announced plans to relocate. Eurisko
Advanced Micro Devices (AMD) “Computing and Graphics” segment recorded its largest quarterly revenue yet in Q3 2021 after experiencing a 9.5% quarterly CAGR since Q3 2020 – $2.4 bln. As one of
Many retailers reported their Black Friday sales campaigns were off to an underwhelming start as inflation and the worsening coronavirus landscape have taken their toll on consumer psychology. Shopkeepers were banking on
Amazon has established itself as an eCommerce giant attracting a significant number of shoppers worldwide, resulting in Amazon.com ranking among the top-visited global websites. According to data acquired by the financial platform
Hospitality owners oppose the government banning those without a COVID-19 jab from entering entertainment or sports venues while expanding the requirement for a safe pass to children. Owners of hospitality establishments say
Authorities have said they will no longer tolerate businesses imposing hidden excess charges on customers who wish to pay with a credit card. Draft legislation imposes a €10,000 fine for those who
Some 6,000 tonnes of halloumi, earmarked for export, are stored in refrigerators after the coronavirus pandemic saw the demand for Cyprus’ traditional cheese collapse. Cheesemakers are asking authorities to step in to
Rising labour shortages across sectors of the economy have job vacancies at their highest for years, hampering a full recovery from the COVID-19 pandemic. A recent survey conducted by the Federation of
With some resistance, the Cyprus government, trade unions, and employers are getting down to the nitty-gritty of the thorny issue of introducing a national minimum wage. The Labour Ministry is determined to
