Six SME selected for five EU defence projects
Six Cypriot SMEs were selected to participate in another five projects of the European Commission’s European Defence Industrial Development Programme (EDIDP) for 2020, in what...
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Cyprus signs deals with EIB worth €212m
Cyprus and the European Investment Bank (EIB) signed two agreements worth €212m on Friday, earmarked for road infrastructure and assistance to small and medium businesses....
EU approves €20m support scheme for Cypriot SMEs
The European Commission has approved a €20 million Cypriot scheme to support small and medium-sized enterprises (SMEs) affected by the pandemic, it announced on Thursday....
MPs urge banks to be lenient with stricken SMEs
MPs urged banks on Tuesday to show sensitivity towards stricken small and medium businesses (SME), as lenders show reluctance to lend money amid the coronavirus...
No Cypriots implicated in misuse of EU funding for SMEs, legal service says
No Cypriots or Cypriot companies were implicated in an investigation by the European anti-fraud office, Olaf, relating to the alleged misuse of more than €400,000...
Hellenic, Co-op sign state-guaranteed loan agreements with EIB
By Stelios Orphanides Hellenic Bank and Cyprus Cooperative Bank signed a €40m and €25m loan deal with the European Investment Bank (EIB) respectively which will...
EIB and BOC to inject €134m in new loans for SMEs
THE European Investment Bank (EIB) and Bank of Cyprus on Friday signed an agreement to inject €134m of cheap credit for small and medium-sized companies...
Sunday opening not destroying small business, labour minister says
Labour Minister Zeta Emilianidou on Sunday rubbished claims by small businesses that extended opening hours were destroying them and exploiting workers, as a final Supreme...
Most provident funds and charities to be exempt from bail-ins
The House finance committee on Tuesday said that 99 per cent of provident funds would be shielded from a ‘bail-in’ or haircut on deposits, under...
Government, EIB to sign €150m loan guarantee agreement for SMEs
Cyprus and the European Investment Bank will sign on Thursday a €150m government loan guarantee agreement that will help Cypriot lenders extend loans to small...
Bank of Cyprus to extend €60m in loans to SMEs
By Stelios Orphanides Bank of Cyprus, largest Cypriot lender said it entered an agreement with the European Investment Fund which will allow it to offer...
Intermediaries briefed on how to channel EU funding to Cyprus’ businesses
The EU representation in Cyprus on Wednesday held an information day for entrepreneurs interested in securing EU funding for business ventures. According to EU House,...
State will try to facilitate troubled SMEs
The government will look into whether it can help small and medium businesses survive by allowing them to pay overdue VAT and social insurance through...
EIB and finance ministry sign 75 million euros agreement to finance SMEs
By Marie Kambas Cyprus and the European Investment Bank signed an agreement today that will allow small and medium sized enterprises receive overall 75 million...
EBRD to invest in Cyprus energy, SME, finance sector
The European Bank of Reconstruction and Development plans to invest at least €100 million annually in Cyprus’ financial and energy sectors as well as privatisations, its...
Green light for €105m EIB loans to SMEs
By Elias Hazou THE Cabinet has green-lighted government guarantees to the European Investment Bank (EIB) to the tune of €105m to finance small and medium...
BoC concedes lending procedures need to be improved
Bank of Cyprus (BoC) said on Monday that lending procedures concerning European funds had to be improved but there was no question of money being...
German Minister of State for Europe to visit Cyprus
The Cyprus problem, the consequences of the economic crisis and the enhancement of the cooperation between Cyprus and Germany will be the focus of an...
High-level EIB delegation to visit Cyprus
A high-level delegation from the European Investment Bank (EIB) is expected to visit to Cyprus on Friday, September 19, in order to sign new financing instruments...
Hellenic Bank also offering distressed borrowers more favourable terms
By Angelos Anastasiou On the heels of announcements by the Bank of Cyprus and the Co-operative Central Bank offering distressed borrowers more favourable repayment terms...