business

COVID19: Cyprus closes retail businesses

Cyprus retail business is suspended from 1800 on Tuesday until April 13 with specific exceptions to curb the COVID-19 outbreak, the Minister of Health announced. Exemptions apply to businesses and workshops for

Businesses struggling with COVID-19 impact

Cyprus businesses are trying to find ways of surviving the COVID19 crisis as the outbreak takes its toll on the workplace and commercial activity. As the number of cases rises, and people

State equity fund to finance SMEs and start-ups

Cyprus seeks to address challenges facing small and medium-sized enterprises (SMEs) in obtaining financing, by creating a state Equity Fund which will inject cash into capital-starved businesses and start-ups. Currently, the lack

Cyprus businesses lacking digital skills

News that Cyprus ranks fourth amongst EU member states for the number of enterprises (73%) using social media, companies still need to breach the digital divide. Despite the encouraging data presented in