The CTC Group of CSE-listed retail, motor, and property companies that announced a return to profitability with €39 mln in 2020 is consolidating its position in Cyprus, where it sees both challenges
By Sandra Nebritova Fintechs have been around for a long time now, but in the last three years, they have been the buzz of the financial industry. Digital wallets, payment gateways, cryptocurrencies
The lockdown imposed on the hospitality sector (restaurants/ bars/ cafes) will be lifted partially lifted on 16 March; it is time for these owners to reconsider many issues. The situation will not
Bank of Cyprus, the island’s largest lender, aims to bring down its non-performing loan rate to a single digit by 2022, leaving behind the legacy problems of the 2013 financial crisis that
Construction activity declined in 2020 for the first time in five years, building permits dropped in the area covered and value, as the industry felt the effects of the disgraced “golden passports”
Finance Minister Constantinos Petrides pledges the government will continue to support coronavirus-stricken economic activity to reduce high unemployment and fix stressed public finances. “The government supports the Cypriot economy and society as
Cyprus has one of the lowest rates of women in management-level positions in Europe with only 27%, below the EU average of 34%. Women are still highly outnumbered at the management level
A study of green and smart investments to boost economic resilience amid the COVID-19 slowdown showed that just over half of Cypriot enterprises cut back on investments last year. The survey of
Cyprus plans to launch a register in coming months identifying the owners of thousands of companies on the island, lifting a veil of secrecy on opaque and complex corporate structures that campaigners
Europe’s largest Integrated Casino Resort (ICR) will open more than six months behind schedule; in the summer of 2022, the principal shareholders of Limassol’s City of Dreams Mediterranean announced on Wednesday. The
