By Peter van der Borgh Copper is considered to be a major contributor to the global economy, with some going as far as to describe it as the backbone of the modern
The European Commission announced Tuesday it has approved €86.6 mln in Cypriot state aid to support companies in the tourism sector (tour operators, hotels, car rentals) affected by the pandemic. Brussels said:
Car sales last year reached their lowest ebb since 2016 with registrations in 2020 down by 18.4% with the pandemic playing a major role. It was the second year running that passenger
Health authorities will not revise their decision for private companies to send 85% of their staff to work from home, as it would defeat the purpose of the lockdown. Under the second
The Central Bank of Cyprus has approved a new loan repayment moratorium until the end of June to mitigate the impact of a new three-week lockdown to prevent the spread of COVID-19.
As Cyprus prepares to enter another general lockdown with non-essential businesses shutting, the retail sector claims it is on the verge of disaster, calling on the government to throw a substantial survival
Registered unemployed in Cyprus spiked 32% (8,097) in 2020 compared to 2019 due to parts of the economy being shut down during the pandemic, according to official data released Thursday. The unemployed
Bounced cheques in the Cyprus Central Bank preliminary Information Register reached last year reached its lowest level since 2003 while for the first time their total value was under a million. In
Deposits in the Cypriot banking system registered a net increase of €191 mln in November rising to €48 bln according to data released by the Central Bank of Cyprus. Total deposits in
Michael Leptos, a key figure in the island’s flourishing property development sector, died on Sunday aged 83. The island’s business community and Paphos is mourning the loss of a pioneer who built
