The latest liquidity statistics released by the Single Supervisory Mechanism revealed that Cypriot banks are swimming in cash. They have more cash than they know what to do with, according to the
Cyprus joined forces with international Information and Communications Technology companies to promote the island as an ideal destination for ICT companies to create jobs. Under the agency’s auspices to attract foreign investors,
The inoculation portal crashed for a second time in a week, and the excuse provided by the ministry in charge of innovation is not satisfactory. To point the finger of blame at
More electric scooters are spotted whizzing through the streets of European capitals; this eco-friendly trend has found its way to Cyprus but not without hurdles to navigate. A US firm eyeing expansion
Antonis Rouvas returned to Hellenic Bank as Group Chief Financial Officer, a post he held during the bank’s most turbulent years from 2008 to 2017 when he left to join KPMG as
Cyprus will give wineries incentives to upgrade their wines to improve export potential while making them more competitive against imported rival products. Commerce Minister Natasa Pilides presented the incentive scheme and the
American e-commerce website, Etsy had a huge 2020 in which it set a company record for revenue. The e-commerce sector, in general, grew tremendously in 2020 as the pandemic forced people to
Moving ahead with the next phase of its appraisal of the Magellan Project, Venus Minerals has commenced diamond drilling in the Troodos mountain range, exploring gold and silver-rich copper deposits. The drilling
The coronavirus lockdown boosted the food delivery sector, pushed up sales of gaming equipment as Cypriots also turned to online betting for entertainment. According to JCC credit card data, in the first
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)
