The Transport Ministry will spend €116 mln on development projects in 2021, up €25 mln from 2020, including the Cyprus museum, new roads, and the Nicosia orbital motorway. Briefing Parliament on Monday
The Cyprus Shipping Chamber, the umbrella organisation representing the majority of locally-based companies in the maritime sector, is joining forces with the Maritime Anti-Corruption Network (MACN) to help combat corruption in the shipping
Cyprus Finance Minister Constantinos Petrides assured Nicosia will not re-establish the disgraced Cyprus Investment Scheme either in the same or similar format. The scheme was terminated in November after an expose by
Cyprus registered unemployed spiked 34% year on year in November reaching 32,968 with seasonally adjusted data showing a downward trend compared with October. According to government data, due the economy-crippling coronavirus pandemic
Cyprus tourism revenue for the first 9 months of the year dived 86% from the same period in 2019 due to travel restrictions caused by the pandemic. A mixture of national lockdowns,
Capital Intelligence Ratings has affirmed the long-term foreign currency rating (LT FCR) and short-term foreign currency rating (ST FCR) of Hellenic Bank at ‘BB-’ and ‘B’, respectively, as well as a ‘stable’
Emergency support launched by the government amid the coronavirus pandemic saved thousands of jobs and businesses, Labour Minister Zeta Emilianidou said. “Our strategic goal at this stage is to tackle the consequences
Unemployment in the third quarter reached 8.2% compared to 6.7% in the same quarter of 2019, official data showed Thursday. “The labour force in Q3 2020 amounted to 452,154 or 62.9% of
Nicosia should utilize EU pandemic funds to promote reforms that would diversify its economy, Klaus Regling, the European Stability Mechanism General Director told the Economist 16th Cyprus Summit. “Cyprus will receive a
Cyprus’ economy will bounce back from the COVID crisis next year with the government determined to execute radical reforms to ensure sustainable growth. This was the message from President Nicos Anastasiades in
