business Archives - Page 7 of 9

COVID19: Cyprus spends €1 bln to support business

Cyprus Labour Ministry expenditure exceeded €1 bln in the first seven months of 2020 due to furlough schemes to support employees and businesses affected by the coronavirus pandemic fallout. According to the

10th September 2020

Business

Business loans drop 25%, mortgages increase 4.7%

New business loans in Cyprus recorded a 25.4% drop in July from June while consumer loans and home mortgages increased, according to Central Bank data. According to the official data, in July

3rd September 2020

Business

No better way to shoot yourself in the foot

The ‘Cyprus Papers’ revealed by Al Jazeera that humiliated the administration should be a wake-up call to everyone on this island that the goose that lays the golden egg has long gone.

30th August 2020

Economy/Editorial

Business sentiment improves, consumer confidence low

While business sentiment in Cyprus improved during August, increasing by 1.9 points from July, consumer confidence weakened considerably, according to the University of Cyprus Economic Sentiment Indicator. The indicator reached 81.6 points

26th August 2020

Business

Banks are no longer business-friendly

Gather the CEOs of any business and the first topic of conversation is how banks are mistreating them, how banks are late in their response and inflexible, how frustrating it is to

16th July 2020

Comment/Guests

Securing business finance that avoids banks

“Cash is king” is a phrase according to which money (cash) is more valuable than any other form of investment tool. According to Investopedia, this trusted phrase also refers to the cash

12th June 2020

Business/Companies

COVID19: Fintech helping businesses cope with virus

By Athos Kyranides As businesses resume operations after a near two-month freeze, the majority are likely to turn to fintech companies for solutions to help operations get back to normal as soon

6th June 2020

Business/Comment

COVID19: Retail shops say business down by 30%

Despite reopening after 50 days of Cyprus lockdown, retail shops have yet to generate their normal revenue with shop keepers reporting that business is down by at least 30%. General secretary of

22nd May 2020

Business

COVID19: Virus also kills business cash flow

By Shavasb Bohdjalian With almost 3 million people infected by the COVID-19 coronavirus and close to 3 billion of the global workforce in full or partial closedown, companies, big and small, are

18th May 2020

Comment/Guests

COVID19: Delays in government-backed business loans halts economy

A government financial package worth around €1.5 bln for coronavirus-hit businesses has been stuck in parliament for two months now, due to disagreements over how the state guarantee for loans scheme would

17th May 2020

Cyprus