New stimulus package could fall flat
Businesses balk at renewing job incentives, fear it would only delay, not stop likely layoffs By Kyriacos Iacovides UNCERTAINTY surrounds the latest package of measures...
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Police to carry out targeted operations over the weekend
Police will carry out targeted operations and intensive inspections at the weekend to control the measures which must be observed in various premises and restaurants,...
Commission approves €33m Cypriot scheme deferring payment of VAT
The European Commission has approved a €33 million Cypriot aid scheme deferring VAT payments to ease the liquidity constraints of companies affected by the coronavirus...
Everyone must work together for a successful recovery
PwC CEO Evgenios Evgeniou talks to Andrew Rosenbaum about the steps that should be taken to help the economy following the crisis To what extent...
Coronavirus: OEV calls on businesses to be flexible with working parents
The Employers and Industrialists Federation (OEV) urged members on Wednesday to be flexible with employees as many of them return to work on Thursday after...
Govt withdraws support scheme on failure to agree with parties (Update 1)
After weeks of haggling, the government on Tuesday withdrew a scheme for state-backed borrowing to support businesses because the numerous amendments demanded by the opposition...
Coronavirus: almost €900m in loan installments in abeyance, due at year’s end
Some €894m worth of instalments will not be paid to banks until the end of the year on close to €7.4bn in loans, as part...
Coronavirus: ‘Market needs to breathe’, minister appeals for consensus on loan package
Finance Minister Constantinos Petrides on Monday appealed for political consensus over a government package to support businesses struggling from the coronavirus-related restrictions, as parliamentarians continued...
Coronavirus: Cabinet approves support for businesses (updated)
The cabinet on Thursday approved revised schemes to support businesses including direct grants and state-backed loans and afforded incentives to property owners to cut rents....
Returning to work sparks fear, caution and also optimism
By Peter Michael and Bejay Browne ALL across the employment spectrum, from private businesses to the public service, employees are both delighted and fearful of...
Oil shock is good for Cypriot consumers
But it could take oil industry two to three years to return to normality By Charles Ellinas Last Monday the oil industry had one...
How we should rebuild the Cyprus economy after the Covid-19 pandemic
By Gregoris Philippou The healthcare concerns surrounding Covid-19 are gradually being replaced by economic concerns, as it seems likely we will be facing an unprecedented...
Coronavirus: Aid for businesses and workers extended until at least June 12
State support for businesses and employees has been extended until June 12 and if necessary for a further four months beyond that, the government announced...
Economic sentiment deteriorates in March after initial Covid-19 impact
Economic sentiment in Cyprus deteriorated markedly in March 2020, as the Economic Sentiment Indicator (ESI-CypERC) decreased by 12.1 points compared with February 2020, reflecting the...
Coronavirus: business leaders seeking ‘large number of clarifications’
Business leaders said Tuesday they were seeking a large number of clarifications from the government on its decree locking down all but basic services for...
Coronavirus: Employers federation offers further clarifications to businesses
The Employers and Industrialists Federation (Oev) on Monday morning sought to clarify some of the measures businesses must take after the government issued a slew...
Cyprus businesses fourth on EU list for utilising social media
Cyprus is number four on the list of EU countries with a high number of enterprises using social media, newly published Eurostat figures show. In...
Investment Opportunities for the Retail Investor
By Dr George Theocharides As most of us are aware, a major trend that has appeared in global markets in recent times is the establishment...
British Airways should be renamed
By Brian Lait Companies House forms part of the British government and has strict rules regarding sensitive words and expressions that require the prior approval...
CEO pessimism over global growth reaches record high
CEOs predict slower economic growth in every region across the world, As we enter a new decade, CEOs are showing record levels of pessimism in...
