Economic sentiment in Cyprus improved in December, despite the worsening coronavirus situation, as the Economic Sentiment Indicator (ESICypERC) increased by 2.8 points to 81.3 from November, the same level as in August
Cyprus handed out ‘golden passports’ to shady foreign investors because it did not conduct the necessary due diligence through the now-discredited Citizenship for Investment Scheme. A 53-page report from a committee tasked
While Larnaca anticipates landscape-changing developments, other projects have been cancelled with investors backing out such as the Russian who wanted to build a €170 mln luxury hotel on the seafront. Larnaca is
Europeans are expected to significantly cut their spending in the Christmas season this year due to the COVID-19 pandemic, which hit their incomes, closed shops, and restricted social gatherings, according to a
Communications prices in Cyprus are 10.8% higher than the EU27 average but costs are lower than in Greece or the UK, according to data released on Monday. In 2019, communication prices across
Following the collapse of the discredited Citizenship for Investment Scheme, and the consequent loss of foreign funds in real estate, Cyprus has turned to tech firms as the next big thing. Stakeholders
Cyprus took delivery Saturday of a pair of medical freezers that will store the first batch of coronavirus vaccines from Pfizer-BioNTech, with the vaccination expected to commence on December 27, in line
Up until the 1960s, the economy of Cyprus was largely agricultural. However, by 1980, the economy had been transformed, with manufacturing responsible for 20% of GDP. But, despite the diversification of the
Airports Council International published a report Friday showing the harsh reality of over 6000 air routes previously operated from Europe still not being restored 9 months into the pandemic. ACI Europe’s 2020
During 2020, the interest in trading on the stock market or investing in different kinds of trading has increased significantly, with apps and online platforms seeing more traffic, particularly from first-time traders.
