Nicosia is keeping the real estate market alive with high demand for office space from foreign high-tech companies looking to be based in the capital expected to revive a sluggish property sector.
Credit Suisse recent woes, followed by the collapse of Greensill Capital and Archegos Capital last month, reminded everyone of the value of risk management. But it did more than that. It brought
Energy leaders in 32 countries believe that demand will fully recover from the fallout of the coronavirus pandemic by the end of 2023. A survey conducted among 100 policymakers by the European
A surge in renegotiated corporate loans over €1 mln pushed new loan contracts in March 2021 to a 91% increase compared with February, Central Bank of Cyprus data show. Pure new loans
As COVID-19 bit hard, Cyprus went from a budget surplus to recording an annual deficit of €251.7 mln (1.1% of GDP) in the first quarter of 2021, according to preliminary General Government
By Michael Olympios Economics is famous for the concept of opportunity cost – an idea that holds that there’s no such thing as a free lunch. Almost every policy decision must
Amid the coronavirus crisis, Cypriot wineries are on the move to reach new export markets, investing in more contemporary methods and infrastructure for better quality. Cyprus wineries have been playing catch up
The government announced another financial support package of €120 mln, given to businesses, self-employed and the unemployed affected by restrictions in March and the lockdown in April. Financial support concerns one-off payments
Economic sentiment significantly improved in April, increasing by 9.2 points since March as confidence grew in the services sector before Lockdown III, according to a University of Cyprus index (ESI-CypERC). The index
A total of 88 UK firms have been granted temporary permission to provide investment services in Cyprus, under the Temporary Permissions Regime (TPR), the Securities and Exchange Commission said. The TPR, launched
