Cyprus experiencing tech boom

Invest Cyprus, the state authority for attracting foreign investment, has awarded seven international companies for their vote of confidence in the Cypriot economy. The seven firms awarded at the 10th Invest Cyprus

Business as usual, say supermarkets

Supermarkets expect no goods shortages as the Ukraine war has not created dents in Cyprus’ supply chain, while competition is keeping prices in check. The executive secretary of the Pancyprian Supermarkets Association,

Business confidence improves

Cyprus business seems to have discounted a doom-and-gloom fallout from the war in Ukraine, with economic sentiment for April improving by 2.8 points but still below the level before Russia’s invasion. The

€40 mln boost for Nicosia old town

The government will inject €40 mln into revamping Nicosia’s old town within the walls, with schemes to upgrade residents’ quality of life and attract new businesses. Presenting the Action Plan for the

Cyprus embassies must get pro-active

A country’s diplomatic mission abroad functions as a mirror of back home. In the business world, embassies should promote the interests of the country they represent, keeping an eye on opportunities. It


Business confidence near pre-Covid levels

Business confidence has reached near pre-Covid levels, boosted by services, construction and the manufacturing sectors, according to a leading economic sentiment benchmark, with the monthly survey suggesting uncertainty exists. The December Economic

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