Cyprus Business Now | Cyprus Mail

Non-performing loans (NPLs) remained virtually unchanged in November, reaching € 4.24 billion from € 4.26 billion the previous month, according to a report by the Central Bank of Cyprus released on Friday. In contrast, net NPLs, meaning loans with a delay of more than 90 days, which do not include restructured loans that according to […]

Cyprus competitiveness hindered by weaknesses in several sectors | Cyprus Mail

Cyprus is suffering from a low level of judicial efficiency, excessive reliance on a limited number of countries for trade relations, as well as high costs for cross-border transactions, according to a report released on Tuesday by the Cyprus Economy and Competitiveness Council. “The Covid-19 pandemic upset a course of sustainable public finances and financial […]

Cypriot economists speak on inflation | Cyprus Mail

The burning issue of inflation was the subject of an online event held last Wednesday by the Cyprus Association of Economists (EOK) titled ‘Price Rises: Inflation Principle or Something Else?’. According to the association, presenters of the online event included Antonis Ioannou, deputy director of Cyprus’ Consumer Protection Service, Mikis Hadjimichael, economist and former senior […]

Cyprus and India deepen investment ties | Cyprus Mail

The Cyprus Investment Promotion Agency, commonly known as Invest Cyprus, announced on Friday that it has signed a memorandum of understanding with its Indian counterpart Invest India. The memorandum was signed during an online ceremony held by the chief executive officers, Invest Cyprus’ George Campanellas and Invest India’s Deepak Bagla. The online ceremony was also […]

Worker rights a government priority, President says | Cyprus Mail

“The protection of worker rights, through the actions of the Ministry of Labour and Social Insurance, has always been the government’s priority,” President Nicos Anastasiades said on Monday in an address to the annual Democratic Labour Federation of Cyprus (Deok) conference. “To this extent, targeted inspections are carried out for stricter control of the labour […]

Anastasiades unveils strategy to woo foreign business | Cyprus Mail

President Nicos Anastasiades on Friday outlined the government’s Action Plan, aimed at establishing Cyprus as “a prosperous, reliable and competitive business hub.” “We are keen on providing the conditions under which any investor can thrive,” he said at a gathering at the presidential palace, attended by foreign businesspeople that have set up businesses in Cyprus […]