Businesses say implementing a new digital platform for monitoring retail product prices, known as the e-basket, constitutes state intervention in the free market. The Council of Ministers gave a bill the green
The Cyprus Germany Business Association (CGBA) is hosting an event on “Doing Business with Germany” at the Cyprus Chamber of Commerce and Industry in Nicosia on Thursday. The event will include brief
Trade and Energy Minister George Papanastasiou and the Cyprus Chamber of Commerce and Industry (CCCI) agreed to intensify efforts to reduce electricity prices to enhance Cypriot businesses’ competitiveness. “We have reached an
Bankruptcy declarations among EU businesses increased substantially in the fourth quarter of 2022 (+26.8% from the previous quarter), but Cyprus showed a decrease (-13.4%), according to Eurostat. During Q4 2022, bankruptcies in the
It’s been business as usual for Cypriot firms exporting goods to the UK in the past two years as they dodged the Brexit bullet. Despite initial concerns, Cypriot exports to the UK
In July and August 2022, PwC Cyprus implemented the four-day working week for the first time, thus extending by one day (Friday) the employees’ free personal time. This targeted action falls within
On 29 December, the Minister of Foreign Affairs of India, His Excellency Dr S.Jaishankar, was on a two-day mission to Cyprus. Bilateral relations between both countries have been traditionally very close and
Some 92 Greek and Turkish Cypriot entrepreneurs have entered the Stelios Bicommunal Business Cooperation Awards 2023. There are 46 Bicommunal teams, consisting of one Greek Cypriot and one Turkish Cypriot entrepreneur, who
On 15 December, the European Commission announced the official adoption of the minimum tax rate across its territory, effective as of 1 January 2024, less than one year from now. The relevant
Hellenic Bank’s voluntary early retirement plan to streamline operations will decrease capital and weigh on its profitability this year but reduce its workforce by 17% and lower operating costs, a credit-positive move,
