A Moody’s analysis said nonperforming exposures held by Cyprus banks declining 43% despite the pandemic is credit positive for the economy. The Central Bank of Cyprus said Cypriot banks’ nonperforming exposures (NPEs)
The saga of Archegos Capital Management brought to surface lessons that should have been learned a long time ago. Archegos, meaning ‘leader’ in Greek, was forced to liquidate its portfolio at a
By Esme Palas As the impact of Brexit is now becoming apparent, many UK-based businesses are considering relocation of their headquarters or business activities to other European countries. Cyprus offers competitive advantages
All shops in Cyprus will remain closed on the 1 May bank holiday, which this year falls on the same day as Greek Orthodox Easter Saturday, annoying the retail sector. Labour Minister
Boeing has had a tumultuous last couple of years, with the airline giant experiencing sharp declines in various metrics, even before the coronavirus pandemic, due to a major global controversy around one
Businesses based in Cyprus will be obliged to declare their true owners, as Cyprus takes steps to shed its spotty reputation as a money-laundering haven, to protect its fragile economy and to
Registered unemployed in Cyprus rose by 25% annually in March to 29,676 as the labour market suffered from lockdowns and the coronavirus pandemic’s prolonged effects. According to the Cyprus Statistical Service, unemployment
To strengthen Cyprus’ science and business community, the Research & Innovation Foundation (RIF) has launched a new €15 mln funding programme to improve poor performance in this sector. Four new programmes, each
NIPD Genetics, a leading Cypriot biotechnology company, is expanding into clinical laboratory testing with its new, state-of-the-art central labs and nine modern sample collection centres located throughout Cyprus. NIPD Genetics aims to
To promote the island as an ideal destination for international ICT companies and provide support for foreign investors, the Cyprus Tech Association has been established. The Cyprus Tech Association provides a platform
