Opposition parties have deprived workers of vital support says minister (updated)
The decision by opposition parties to shelve a bill for state-backed lending to stricken businesses is a hard blow for workers who are deprived of...
SMEs
Government to submit budget for House approval in next few days (Updated)
The government intends to submit a supplementary budget of €220m to parliament for approval in the next few days as it rolls out measures to...
Coronavirus: Anastasiades outlines millions to be pumped into the economy(updated)
President Nicos Anastasiades on Wednesday evening pledged €430m in direct government assistance, and the unlocking of up to €1.7bn in new credit facilities designed to...
EIB approves loans for SMEs
The European Investment Bank (EIB) has approved two loans for Cyprus totalling €170 million, strengthening the government’s efforts to support small and medium sized enterprises...
State called on to offer more help to SMEs
Politicians on Tuesday urged the state to step in to help small-to-medium-sized enterprises (SMEs), which have been struggling since the 2013 financial meltdown. During a...
Grants for SMEs
A new initiative launched by the ministry of energy, commerce, industry and tourism (MECIT) and the European Bank for Reconstruction and Development (EBRD) aims to...
90 per cent of exports to EU by SMEs
Almost 90 per cent of Cyprus’ exports, as well as over 80 per cent of imports, to and from European Union member states are done...
Households, SMEs pay back healthy loans as banks extend credit to larger firms
By Stelios Orphanides Households and small and medium-sized enterprises reduced their overall borrowing by almost €1.1bn and €235.8m, respectively, in 2015, by reducing their stock...
Survey shows companies clueless on employee rights
By Jean Christou Around half of businesses in Cyprus are more or less clueless or ignore the labour laws, often don’t know how many hours...
‘Allocated international funds not getting through to SMEs’
By Evie Andreou With the exception of the Co-op Bank, funds given to banks by the European Investment Bank (EIB) between 2009 and 2011 were...
EU boosts Turkish Cypriot SMEs
The European Commission announced on Wednesday that 47 new contracts have been signed to subsidise Turkish Cypriot small to medium enterprises (SMEs) as part of...
Interest rates on loans must fall
By George Mountis HOUSING LOANS interest rates continued to drop in December, falling to their lowest level since mid-2011. Interest rates on consumer loans also...