The government has presented its new strategy to attract companies, emphasising high-tech, research and innovation. Implementation of the strategy is expected to start from January 2022. During a presentation at the Presidential
In the following months, the government will announce a new scheme for attracting high-tech companies, facilitating staff hiring, offering tax incentives and expedited licensing procedures, President Nicos Anastasiades said. At Wednesday’s 9th
The Central Bank of Cyprus (CBC), professional regulatory bodies and business stakeholders agreed on ten steps to reduce bureaucratic banking procedures to help the economy tick. Procedures such as Know-Your Client (KYC)
From 20 September, all businesses offering services are legally obligated to accept credit card payments, but smaller retailers are asking the authorities for some ‘slack’ due to increased operating costs. From kiosks
Cyprus’ economic sentiment in July dipped 4.7 points from June, reflecting worsening consumer confidence and weaker business activity in services. Uncertainty among firms in all sectors and consumers painted a gloomier outlook.
Cyprus and the European Investment Bank (EIB) signed two new Finance Contracts for €362 mln in record new financing for priority transport infrastructure and lending to businesses affected by Covid-19. It includes
Cyprus’ economic sentiment in May reached its highest point since the pandemic in 2020, reflecting the improvement in business confidence as activity gradually returned to normal. The Economic Sentiment Indicator (ESI), compiled
Cyprus businesses feel more confident over future growth prospects but don’t consider climate change or cybersecurity as major threats, a PwC survey indicates. According to PwC’s Annual CEO Survey findings among Cyprus
By Michael Olympios Almost a decade ago, the apocalypse in the banking sector sent the Cypriot economy’s downgrading by rating agencies to junk, leaving many businesses overleveraged and undercapitalised. Banks’ enormous liquidity
The tremendous impact that Covid-19 has had on livelihoods has dramatically affected businesses and workers alike, with many seeing their life dreams destroyed or waning, while some discovered opportunities to change and
