Cyprus and Greece have taken different paths toward resolving the previously sizable number of non-performing loans (NPLs) in each country, according to a recent piece of analysis by rating agency DBRS Morningstar.

The Cyprus Development Bank (CDB Bank) has launched a new depository product with flexible terms and an interest rate of up to 2.05 per cent

The Cyprus Development Bank (CDB Bank) has launched a new depository product with flexible terms and an interest rate of up to 2.05 per cent

We are proud to announce that Elias Neocleous & Co LLC was the recipient of the prestigious IN Business Award 2022 in the category Business Innovation for its groundbreaking contributions to advancing industry standards. This honour is a direct reflection of our firm’s ongoing commitment to pushing the boundaries of innovation and driving technology transformation in the legal industry in Cyprus for a more sustainable, digitalized future.

Imagine employing a midlevel manager to oversee a department of 17 employees. A year later only six remained; five had resigned and six had transferred. Why did 11 employees leave the company?

According to data released by Eurostat, the statistical service of the European Union, 59 per cent of Cypriots aged 25-34 have a tertiary education, which is well above the EU average of 42 per cent.

Cypriot firm Ask Wire on Thursday released a report examining the Paphos property market for 2022, including an analysis of all apartment and house sales in the district during that period of time.

By nearly a unanimous vote, and under the watchful eye of Brussels, parliament passed a law allowing for a reduced VAT rate of 5 per cent levied on first homes.

The economy of Cyprus is expected to experience a slowdown, with growth projected to reach approximately 2.5 per cent in 2023, according to a report released by the International Monetary Fund (IMF).

Port management company DP World Limassol on Thursday released a statement announcing that Simon Pitout has been appointed as the company’s new chief executive officer, effective from June 1, 2023.