EU approves €1bn Cypriot scheme to support business and self-employed
The European Commission has approved a €1billion Cypriot scheme to support enterprises and self-employed individuals in the context of the coronavirus outbreak. The scheme was...
business
Ayia Napa business closed down for operating without a license
Famagusta district court ordered the temporary closure of an Ayia Napa business that was operating without the relevant license from the deputy ministry of tourism...
Cyprus down three places in IMD world competitiveness ranking
Cyprus ranks in 33rd place on the 2021 IMD World Competitiveness Ranking index, moving down three places compared with 2020. According to the Economics Research...
€700,000 in grants to boost businesses along Green Line
A total of €700,000 in grants were presented on Friday by Interior Minister Nicos Nouris and Nicosia Mayor Constantinos Yiorkadjis to 18 private companies operating...
House approves law for tax breaks for landlords renting to businesses
Parliament on Thursday passed two items of legislation granting tax breaks to landlords who voluntarily reduce their rents to businesses financially stricken by the coronavirus-related...
State payments to businesses begin
The government has started making payments to some 30,000 businesses and the self-employed as part of a state assistance scheme for direct cash grants to...
Have you done your home work?
Aspirations, blessings and curses of working remotely By Dimis Michaelides One of the most significant ways the Covid pandemic impacted work has been to get...
Pilides says Cypriot industry stable
Cypriot industry is a stable pillar of the economy, said the energy and commerce minister Natasa Pilides on Friday after a meeting with prominent industrialists...
Unexpected foes: weak links in innovation roadmaps
By Dimis Michaelides Imagine you are implementing a transformation programme in your organisation. You have it all spelt out with the fashionable jargon of our...
‘Though small, Cyprus can take advantage of new economic opportunities’
By Andrew Rosenbaum Cyprus is a small country. But today, there are new opportunities that small countries can take advantage of that did not exist...
Businesswoman: Why women must work twice as hard as men
“A woman working in Cyprus has to work twice as hard to get her message across,” warns Antigoni Marinou, founder of The Rokket Project which...
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...
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....