A week before businesses are obliged to scan customer Safe Pass documents electronically; retailers have expressed their concerns as the application (CovScan) has proved problematic. The government allowed a grace period for
From Monday, businesses are obliged to verify their clients’ Safe Pass validity using an application designed by the Deputy Ministry of Innovation, called CovScan. The cabinet-approved decision is perceived as a move
One out of ten businesses in Cyprus is still refusing to accept credit cards as payment for services and goods, despite a Finance Ministry decree obliging them to do so. As of
More than one in ten small businesses (13%) were forced to shut down during 16 months of coronavirus restrictions and lockdowns. Shopkeepers still withstanding the hits delivered by the pandemic are calling
Cyprus Commerce Minister Natasa Pilides presented a €30 mln New Business Activity Scheme, contributing to the €121 mln the ministry has put forward to support entrepreneurship. Pilides said schemes to support entrepreneurship
The government announced another financial support package of €120 mln, given to businesses, self-employed and the unemployed affected by restrictions in March and the lockdown in April. Financial support concerns one-off payments
A study of green and smart investments to boost economic resilience amid the COVID-19 slowdown showed that just over half of Cypriot enterprises cut back on investments last year. The survey of
One in three enterprises with 10 or more employees paid for Cloud Computing services in 2020, according to a Statistical Service ICT survey. Cloud computing in Cyprus is becoming more popular among
The government announced Thursday it would provide another €30 mln a month to further support workers and businesses affected by the pandemic and measures introduced to tackle it. Finance Minister Constantinos Petrides
The Cyprus government has initiated a fast-track process for company registrations as part of a package of measures to revive the economy after the controversial Citizenship for Investment Scheme was abolished amid
