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
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
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
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
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
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
The war in Ukraine could deliver the final blow to small businesses and hospitality establishments, which have yet to find their bearings following two years of the pandemic. Shopkeepers and restaurant owners
The coronavirus pandemic took a financial toll on most Cypriot Small and Medium enterprises, with almost half of businesses forced to lay off staff, according to a recent survey. Some 83% of
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
Deputies will be using Thursday’s final session before dissolving for fresh elections next month to pass a bill that defines and regulates state guarantees worth €1 bln for coronavirus-hit businesses. The bill
