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 ...
Articles
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 ...
Cyprus Business Now
71 community councils have been exempted from contributing to the construction cost of various small-scale projects amounting to €5.2 million in total.
The councils’ contributions will instead be sourced from savings made ...
Cypriot industry will be green, digitised and add value, Pilides says
Cyprus is working towards an efficient, greener and value-oriented industry sector, Minister of Energy, Commerce and Industry Natasa Pilides said on Monday.
“We are one step closer to the industry ...
Cyprus Business Now
The Deputy Ministry of Tourism said that this year’s World Tourism Day’s theme of Tourism for Inclusive growth is fully aligned with Cyprus’ national tourism strategy for 2030.
“The ...
Space Apps Challenge returns to Cyprus
The tenth iteration of the annual Space Apps Challenge is back and the Cyprus Space Exploration Organisation (CSEO) is once again involved.
The contest will take place on October 2 and ...
President gives shipping his full backing
President Nicos Anastasiades praised the resilience of the shipping sector during a dinner hosted by the Cyprus Union Of Shipowners in Athens.
Anastasiades underlined shipping’s contribution to the Cypriot ...
Cyprus Business Now
Tourist arrivals in Cyprus reached 321,858 in August of this year, reflecting an increase of 208.7 per cent compared to August of the previous (during which 104,261 arrivals were recorded), and a decrease ...
Businesses will have to go green for bank loans
Businesses asking for bank loans will have to show commitment to the green economy and sustainable development in the future a gathering of business leaders was told this week.
“According ...
Cyprus Business Now
AstroBank appointed two new board members on Friday, September 10.
In an announcement released on Thursday, September 16, the bank said that Michalis Sarris and Evi Rossidou have joined the board.
Rossidou ...
Bahrain flights may help Cyprus attract Saudi tourists, says Perdios
The mooted deal for Bahrain’s national airline Gulf Air to use Larnaca airport as a hub for a number of international destinations has the potential to open up the ...
Restaurant review: Bella Ciao, Limassol
There are numerous definitions to the word easy, not all of them positive. Lack of sophistication, unceremonious, bereft of effort and forethought. None of these apply to the Limassol-based eatery ...
New CySEC chairman appointed
The cabinet has appointed George Theocharides as the Cyprus Securities and Exchange Commission’s (CySEC) new chairman, promoting him from the post of vice chairman, which he held since July ...
Cyprus Business Now: energy market and shipping industry updates
The Cyprus shipping industry met with the International Chamber of Shipping (ICS) on Tuesday, September 14, to discuss the various technical and environmental issues stemming from the implementation of the pertinent ...
Cyprus missing out on Schengen benefits, Paphos economy still reeling
Cyprus’ inability to join the group of Schengen countries has adverse effects on its economy, Paphos Chamber of Commerce and Industry (PCCI) chairman George Mais has said.
Speaking to the ...
Cyprus Energy Symposium to examine energy landscape
The ninth edition of the Cyprus Energy Symposium will put the spotlight on all energy-related issues pertaining to Cyprus, a statement by its organisers said.
The symposium, which will be ...
Cyprus Business Now
CyprusInno has launched a new coworking space called The Base in Nicosia’s Ledra Palace buffer zone.
The centre will not be limited to coworking elements as it wil also ...
CySEC issues missive on crypto assets
The Cyprus Securities and Exchange Commission (CySEC) has released a policy statement on cryptocurrency assets, calling on service providers to comply with regulations and warning investors of the risks involved.
...
Citroen forced to scrap city car due to emissions regulations
French carmaker Citroen will cease the production of its tiny city car the C1 due to tightened environmental regulations following the end of the current model’s lifecycle.
Stellantis (the ...
EU allocates €22 million for new sewerage system in Cyprus
The European Commission has approved a budget of more than €22 million for the creation of a collection of sewage networks in the Kokkinochoria region in Cyprus.
The Commission approved the ...
Cyprus Business Now
The Maritime Cyprus Conference has been postponed due to logistical issues stemming from the coronavirus pandemic and the related precautions and safety measures currently in place for all physical events.
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