PwC has issued a digital and green blueprint to restarting Cyprus’ battered economy following the coronavirus crisis and lockdown measures causing severe financial trauma. In a study entitled “Restart Cyprus: Now”, PricewaterhouseCoopers
The Cyprus Banks Association announced Thursday they would extend the freeze on foreclosures of primary homes introduced during the first COVID-19 lockdown. The freeze involves properties which are registered as the owner’s
Cyprus is joining the fifth-generation mobile network as its telecom providers go head-to-head at an auction for 5G broadband frequencies launched on Thursday after three postponements in as many months. The auction
Finance Minister Constantinos Petrides said the 2021 state budget will increase by €742 mln, or 10.6%, compared to last year, despite the coronavirus pandemic’s economic squeeze. Addressing the House plenary on Thursday,
Cyprus’ hospitality sector says it’s facing bankruptcy following the government’s decision to close restaurants, cafes, and bars in a bid to reduce the second wave of coronavirus. As of Friday, restaurants, pubs,
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,
