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
House prices continued their upward trend in the second quarter, recording a quarterly increase of 0.9% from an 0.4% rise in the first three months, despite the growing market uncertainty induced by
Cyprus banks lag behind the EU on time needed to recover defaulted loans in residential real estate (RRE) and consumer debt, a European Banking Authority (EBA) report reveals. According to a report
It’s been almost a year since SARS-CoV-2 was discovered in Wuhan. The absence of transparency by the Chinese authorities and the lack of quick, effective response from governments around the world allowed
