* California more friendly, changing attitudes in New York, Canada * Ukraine to regulate bitcoin businesses * The appeal and nationwide acceptance of the bitcoin virtual currency in Cyprus is picking up momentum, in line with a worldwide trend, despite a resistance from local authorities to help regulate the new payment system. Cyprus is one

Labour Minister Zeta Emilianides launched six new labour subsidy schemes to support employment in certain categories, by offering incentives to create 7,500 jobs or traineeships for unemployed young graduates and in the retail and tourism sectors. The plans will cost 40 mln and five will be co-financed by the European Social Fund by up to

… but bigger chance of maintaining workforce than last year Business leaders in Cyprus are less confident about the growth prospects of their company over the next 12 months, according to the local results of PwC’s 17th Annual Global CEO Survey released Tuesday. Only 32% said in the survey they are confident that their revenues

Despite the lack of credit and some rising costs, many foreign businesses are committed to staying in Cyprus, nearly two thirds of whom are looking to expand their operations in the medium- to long-term, a survey has found. The general fear had been that following the Eurogroup decision last March to impose a haircut on

Further easing of the restrictions on bank transactions were announced on Friday. According to the decree, issued today by the Minister of Finance Harris Georgiades, the further easing of the restrictions includes: ( a) Abolition of the restrictive measures relating to fixed term deposits. ( b ) increase the current limit with respect to the

Pafos Aphrodite Festival will be setting up a chorus which will participate in this year’s co-production of Mozart’s Così fan Tutte with Opera Futura, Verona as well as in future productions. The performances are on 5th, 6th and 7th September at the Square of the Medieval Castle in Pafos. Those interested in participating in the

The state of Cyprus’ economy is today much better than original expectations, while the financial sector is stabilizing, the President of the Eurogroup, Joeren Dijsselbloem has told the Committee on Economic and Monetary Affairs of the European Parliament. Dijsselbloem, who participated in the debate on the role of the Troika in the countries under memorandum

Non-performing loans (NPLs) are a great challenge facing the Cyprus Cooperative Credit Institutions, Chairman the Cooperative Central Bank Nicolas Hadjiyiannis has said. The Coops have been nationalized when the Cypriot government injected €1.5 billion into sector to cover its capital shortfall, calculated in the adverse scenario of a due diligence exercise, carried out by a