Finance ministry seeking extension for state guarantees period
The finance ministry is trying to secure an extension of the period in which banks can provide businesses and the self-employed with state-guaranteed loans, as it expires at the end ...
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Cyprus Business Now
Limassol-based GP General Procurement Compan Limited (GenPro), a maritime and commercial procurement company, held its first annual Blue Day Sustainability Seminar in September.
The seminar focused on the company’s ...
Cyprus company launches digital music artist
Digital music artist Polar has been launched by Cyprus studio TheSoul Publishing, its first digital artist and also the first of many music partnerships the studio has in the pipeline.
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Metropolis Mall one of many projects to elevate Larnaca
The new Metropolis Mall in Larnaca helped the city during its construction phase by employing an estimated 1,000 people throughout the entire process. Having recently opened its doors to the public, ...
Cyprus Business Now
The Cyprus Shipping Chamber travelled to Brussels this week to participate in a conference hosted by the European Community Shipowner’s Association (ECSA).
The Cypriot delegation was composed of the ...
Our duty to showcase shipping industry’s importance, deputy minister says
“World Maritime Day is a chance to show our appreciation to the unseen heroes who contribute to the ceaseless operation of world trade,” Cyprus Shipping Deputy Minister Vassilios Demetriades said ...
Central Bank governor calls on banks to help borrowers
Central Bank of Cyprus governor Constantinos Herodotou has sent a letter to banks and credit acquisition companies regarding short term loan restructurings and fee transparency, calling on their CEOs to ...
Cyprus Business Now
Non-performing loans (NPLs) decreased by €142 million in June 2021, according to data released by the Central Bank of Cyprus.
This decrease reflects a 2.8 per cent aggregate drop compared to the previous ...
Cyprus sets sight on British market to attract investments
A delegation of Cypriot representatives travelled to London this week to promote Cyprus as a European jurisdiction in which investment funds and fund management companies can be registered.
The delegation ...
Retail and tourism keep Cypriot economy on growth path
Buoyed by the tourism and retail sectors, the Cypriot economy continued to be on an upwards trajectory in August according to a report by the University of Cyprus Economic Research ...
Cyprus Business Now
DP World Limassol used World Tourism Day to reiterate its commitment to further bolster the country’s cruise industry and turn the Limassol port into a top cruise hub in ...
Cyprus and Lebanon tech communities come together
A memorandum of understanding has been signed to officially launch the Cyprus Lebanon IT Hub (CLITH).
Signed and confirmed during an online press conference, this initiative aims to bring the ...
Cyprus Business Now
The Bank of Cyprus’ BOC Asset Management (BOCAM) company has been awarded a contract to provide consultancy services to the Cyprus Telecommunications Authority (Cyta), as well as to its subsidiaries ...
Tourism sector must focus on sustainability, stakeholders told
World Tourism Day with its theme this year of tourism for inclusive growth should be a call for the entire industry to renew itself, stakeholders in Cyprus said on Monday.
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Cyprus Business Now
The Cyprus Shipping Chamber held its annual charity beach volley tournament in Limassol between September 19 and September 26.
The tournament included the participation of the chamber’s member companies and was ...
How artificial intelligence can help prevent heart disease misdiagnosis
A US company is implementing artificial intelligence practices to help decrease the number of deaths stemming from not treating heart disease-related incidents accurately and on time.
Coronary heart disease is ...
Cyprus Business Now
The European Commission has approved a €2.7 million scheme by Cyprus to support small and medium-sized enterprises (SMEs) active in the agricultural and livestock production, affected by the coronavirus outbreak.
The ...
Hellenic Bank ‘making solid progress towards strategic goals’, new CEO says
Despite the ongoing effects of the pandemic Hellenic Bank is still on course to meet its long-term objectives, its new CEO Oliver Gatzke said on Friday as the bank posted ...
Cyprus will use technology to boost visitor experience at Dubai Expo
Cyprus will be at the EXPO2020 world fair between October 1 2021 and March 31 2022 to share its history and cultural heritage with visitors, promote the island as a tourist destination, advance its ...
Cyprus Business Now
Trade union Sek has released a press statement saying that it has been asking for a ‘prudent and comprehensive’ tax reform that will be shaped by dialogue and consultation and ...
Limassol sewerage board signs first contract for €7 million project
The Sewerage Board of Limassol – Amathus (SBLA) signed a contract on Wednesday for the construction of a sewerage system in Palodia, at an estimated cost of €7 million.
“Today, with the ...
Cyprus Business Now
The Research Foundation’s chairman Nikolas Mastroyiannopoulos announced on Wednesday two new security and defence programmes.
The programmes are worth a total of €3 million and are part of Cyprus’ recovery ...
Bank reluctance to lend to businesses jeopardises EU funds
More than €200 million in EU funds has been allocated to improve the competitiveness of Cypriot businesses between 2021 and 2027, but the full absorption of this amount could be endangered by a ...
Property too expensive, crypto too uncertain, how about a sports car?
Everyone is searching for the next investment opportunity, with properties, shares and cryptocurrency assets dominating the discussion. But what if a car was a limited company you could buy shares ...