Fintech pioneer Revolut is rolling out its own current account services to clients in Cyprus, making it a ‘mini bank’ and challenging the traditional high-street banks that are still struggling with their
Although online shopping continues to grow across Europe, especially due to COVID-19 restrictions, Cyprus (52%) lies in the bottom four of EU countries for internet purchases. With high street shopping affected by
One in three hospitality venues will not be in a position to reopen once coronavirus restrictions are lifted, claimed the Cyprus Federation of Entertainment Establishment Owners (OSIKA). With food establishments only allowed
Despite the COVID-19 doomsday scenarios, the Cyprus economy shrunk -5.1% GDP, less than any estimate made by the government or European Union monetary bodies, Finance Minister Constantinos Petrides said Tuesday. Eurostat data
EY Cyprus announced that David Barker, its Country Managing Partner since last July, has died recently. In addition to his duties in Cyprus, Barker was Corporate Finance Leader for Transaction Advisory Services
Cyprus’ Finance Ministry has welcomed the European Commission winter forecast indicating the recession in 2020 was less severe than first predicted with the economy shrinking 5.8% GDP due to the pandemic. Nicosia
The European Commission expects the Cyprus economy to grow by 3.2% against a recession of 5.8% for 2020, according to its winter economic forecasts issued Thursday. GDP growth is expected to remain
Women in Cyprus are still paid less than their male colleagues with the gender pay gap at 10.4% but the island is taking baby steps in eradicating gender-based inequality. Although better off
Shops reopened on Monday after a month in lockdown to contain coronavirus with retailers slashing prices in a move to cover lost income. in comments to Philenews, general manager of Nicosia Mall
The government has set in motion plans to create a ‘bad bank’ to relieve the Cyprus banking system of an excess of Non-Performing loans, confirmed Finance Minister Constantinos Petrides. In an interview
