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

Business in turmoil over corporate tax hike

Business is in turmoil over the government’s move to increase corporate tax from 12.5% to 15%, fearing Cyprus losing an advantage over competitors as an investment destination. Business lobby groups argue the

Economic policy remains unchanged despite COVID

Despite COVID-19 obstacles, Cyprus’ economic priorities remain to achieve macroeconomic stability and establish a competitive, business-friendly regulatory environment, said Finance Minister Constantinos Petrides. “Despite the pandemic setback, our policy priorities remain the

We need to embrace failure

We don’t celebrate failure properly. Someone who has failed is someone who has tried, quite unlike those who sit on the sidelines and criticise. Failure has to do with encouraging and celebrating

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