The CTC Group of CSE-listed retail and property companies, announced a return to profitability in 2020, after two years of losses, mainly due to the impairment of property values by affiliated and
After a record year for Cyprus’ flagship export halloumi, demand for the squeaky cheese has slowed with order cancellations and undelivered quantities due to lockdowns across Europe to combat the second wave
Cyprus registered unemployed in January spiked 23% annually, mainly pushed up by jobless rates in trade and construction which were severely hit by restrictions to contain the spread of the pandemic. Compared
PwC has a new initiative titled “Talk to our Specialists” in an effort to support individuals, local businesses and international companies operating or looking to expand their activities in Cyprus. This initiative
The European Commission on Monday approved a €10.2 mln Cypriot government scheme to support the self-employed and businesses affected by the coronavirus outbreak. The scheme was approved under the State aid Temporary
According to a new outlook, the Cypriot economy is expected to recover in 2021 with GDP growth projected at 3.7% from a pandemic-induced contraction in 2020 of 5.7%, this is lower than
Cyprus received another blow to its tarnished reputation as it dropped one notch to 42nd in Transparency International’s 2020 Corruption Perception Index (CPI) on Thursday. The news comes as government and senior
A second lockdown in January saw economic sentiment in Cyprus deteriorate with confidence shaken by the closure of non-essential shops and businesses. The University of Cyprus Economic Sentiment Indicator (ESI-CypERC) decreased by
Central Bank of Cyprus (CBC) has filed an application to the Nicosia District Court for the liquidation of former Laiki Bank, eight years after it was sacrificed in the 2013 bailout to
Cyprus is fine-tuning its digital game as it enhances cooperation with neighbouring Israel, an established innovation hub and start-up hatching ground, to become an attractive techno-destination. The Deputy Ministry of Innovation has
