Online auctions of properties once-owned by banks through debt-to-asset swaps are taking off in Cyprus as property management firms see their digital sales grow during the pandemic. A private online platform, BidX1,
By Esme Palas To further attract foreign investment to the island and help economic recovery, Cyprus announced amendments to Regulation 6 (2) of the Aliens and Immigration Regulations, which came into effect
Apple reported a bright start to its fiscal year after a record-setting Q1 in the fiscal year 2021. Fiscal year Q1 which equates to a calendar year’s Q4, is historically a strong
The Limassol District Court will hear a landmark bank fraud case when Russian oligarch brothers Dmitri and Alexei Ananyev fight a worldwide freezing order issued in Cyprus in a bid by Moscow
Cyprus had €8.58 bln in funds and assets under management (AUM) in the fourth quarter of 2020, up 10.3% from the third quarter and an increase of 3.8% from the last quarter
Eurobank Cyprus remained on a course of profitability in 2020, despite a 10% drop in after-tax earnings to €40.1 mln from the previous year, due mainly to the impact of the Covid-19
Fitch rating agency affirmed Cyprus’ long-term sovereign rating at “BBB-” with a stable outlook, citing high sovereign debt and a weak banking sector as the main challenges facing the economy. It said
By Michael Olympios A new regulation on sustainable finance has come into effect this month, and national regulators in the common market are scrambling to enforce it. The Cyprus Securities and Exchange
The tremendous impact that Covid-19 has had on livelihoods has dramatically affected businesses and workers alike, with many seeing their life dreams destroyed or waning, while some discovered opportunities to change and
By Demetra Molyva Cyprus Seeds is a pioneering, non-profit organisation based in Nicosia. Its mission is to assist the commercialisation of innovative research from Cypriot universities and place Cyprus on the world map of
