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
Cyprus businesses are legally obligated to accept payments with plastic money if they want to avoid being slapped with a hefty fine by the tax authorities. Retail businesses not accepting payments via
One of the measures the government is taking to reduce the impact of coronavirus on the economy is rent reductions. There is no law as such to impose rent reductions, but the
One of the biggest challenges facing small to medium-sized enterprises (SMEs) is dealing with late payments and the risk that some of the trade debtors will not pay their outstanding balances, resulting
The search for alternative finance has taken a new urgency following the collapse of the government’s efforts to pass the bank-loan guarantee legislation, leaving thousands of businesses, big and small, at the
