One in 4 businesses faced cyber-attacks

Around one in four businesses have faced some form of cyber-attack, according to the Cyprus Information Technology Enterprises Association (CITEA). A new initiative, the CITEA INDEX, also measures how well companies adapt

Businesses fear spectre of corruption

Most Cypriot companies feel corruption on the island is widespread, threatening their business, according to the latest Eurobarometer issued by the European Commission. The vast majority (95%) of businesses believe corruption is

Businesses should be outward looking

President Nikos Christodoulides said enhancing Cyprus’ outward orientation by attracting more foreign investments and promoting integration with other ecosystems, leveraging the potential of the digital economy, is necessary. Addressing Wednesday’s 15th In Business

Family businesses see highest growth in 15 years

Family businesses with a company purpose connected to the United Nations’ Sustainable Development Goals (SDGs) are performing better than their peers across multiple financial and social metrics, according to PwC’s Global Family

Sir Stelios awards 10 bicommunal businesses

Philanthropist Sir Stelios Haji-Ioannou awarded 10 bicommunal teams, consisting of Greek and Turkish Cypriots, who stood out in business cooperation. Each team member wins a cash prize of €10,000. At the online award

Local businesses online sales growing

For 20.1% of Cyprus enterprises (19.7% in the EU), e-commerce sales reached at least 1% of their total turnover, which was 3 percentage points higher (+0.7 pp EU) than the previous year. According to


46% of businesses suffer cyberattacks

Nearly half of Cyprus businesses have experienced some kind of cyberattack in the past 12 months, according to surveys on cyber security. The surveys showed that 46% of businesses were attacked or suffered

Labour, energy costs stifling businesses

High labour costs, plus access to energy and raw materials, are the main challenges expected to be faced by Cypriot businesses in 2023, based on the Eurochambres Εconomic Survey. The Cyprus Chamber

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