Revolut takes on Cyprus banks

Fintech pioneer Revolut is rolling out its own current account services to clients in Cyprus, making it a ‘mini bank’ and challenging the traditional high-street banks that are still struggling with their

Cyprus incentives to live in rural areas

The government on Wednesday unveiled new cash incentives to encourage young couples to live in the countryside and revive local businesses in rural areas. Aiming to boost the economy and entrepreneurship to

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Cyprus recession less severe than projected

Despite the COVID-19 doomsday scenarios, the Cyprus economy shrunk -5.1% GDP, less than any estimate made by the government or European Union monetary bodies, Finance Minister Constantinos Petrides said Tuesday. Eurostat data

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