Trade will recover to pre-pandemic levels quicker than the recovery after the financial crisis of 2008 which lasted 26 months, according to a survey of 800 senior executives involved in international trade
Moody’s rating agency said the sale of a bad loan portfolio by the Bank of Cyprus puts it in a better position to deal with an inflow of new NPEs arising from
Cyprus banks tightened lending criteria in the third quarter of 2020 while there was increased demand for loans from businesses and households during the pandemic, according to the bank lending survey. The
The Health Ministry will relax an earlier decision on private companies sending 85% of their staff to work from home, despite declaring a week ago that doing so would defeat the purpose
Cypriot workers are worse off than they were 10 years ago as their wages are lower compared to 2010 average earnings, claims the Independent Civil Servants Union (ASDYK). In an announcement, quoting
Bank of Cyprus has reached an agreement with funds affiliated to Pacific Investment Management Company LLC (PIMCO), for the sale of Non-Performing Exposures (NPEs) with a gross book value of €545 mln.
Two lockdowns and other restrictive measures imposed by the government to stem the pandemic have delivered a body blow from which Larnaca businesses may not be able to recover. In comments to
Cyprus’ flagship halloumi export had its best year in 2020, but demand has crumbled with lockdowns imposed across Europe to combat the second wave of coronavirus crippling the hospitality sector. Dairy farmers
Beer consumption in Cyprus has fallen to its lowest ebb since 2002 when records began, as the island’s breweries were also struck by coronavirus which kept tourists away. According to data released
The Cabinet decided on Wednesday to start a social dialogue for introducing a national minimum wage in Cyprus when unemployment drops to around 5%. Deputy Government Spokesman Panayiotis Sentonas said the Cabinet
