Cyprus should copy France’s SMEs subsidy

Commissioner for State Aid Control Stella Michaelidou suggested Cyprus could adopt the French subsidy scheme for small and medium-sized enterprises (SMEs) impacted by the Ukraine war the European Commission approved. In her


Legacy banking not serving SMEs

Ever since the financial crisis of 2011-2012 brought Cyprus banks to their knees, the owners and managers of legacy financial institutions have yet to learn from their mistakes. Cyprus was shut out


Will the new president save SMEs?

Cyprus is finally coming out of eight months of election fatigue, and hopefully, life will return to some sense of normalcy. At least on the political front. As regards the economy, we’ve


SMEs find Cyprus Post less reliable

People find the cost of sending parcels to be high, according to a survey conducted by the Office of Electronic Communications & Postal Regulations (OCECPR). The survey, conducted from October to December, asked the

Festive supermarket sales rise, SMEs struggle

Retail sales during Christmas reached pre-pandemic levels, but small businesses’ turnover was below expectations and want government support. “It went very well, beyond our expectations, it was at satisfactory levels, similar to 2019, and we

SMEs must smarten up against cybercrime

The biggest cybercrime problems faced by Cypriot small and medium-sized enterprises (SMEs) in the last 12 months were phishing, account takeover or impersonation attacks (16%), higher than the EU average (11%), according

EU backs €2 mln scheme for innovative SMEs

The European Commission has approved an estimated €2 mln Cypriot scheme to support private investments into innovative small and medium-sized enterprises (SMEs), contributing to the country’s Recovery and Resilience Plan. The support