The share of government debt held by the resident financial corporations sector at the end of 2019 was highest in Denmark (74%), followed by Sweden (73%), Croatia (67%) and Italy (63%), according to data released today by Eurostat, the statistical service of the EU.

As part of the measures taken by the Cypriot government to support companies/businesses affected by the restrictive measures which have been imposed in order to contain the spread of the coronavirus (COVID-19), the Department of the Registrar of Companies and Official Receiver (the “RoC”) has announced the following:

When construction sites were forced to close in the March 2020 Government lockdown, Trilogy Limassol Seafront’s works were already well advanced and on schedule. The two front tower cores had made their appearance above ground level and piling of the North Tower had been completed. Working behind the scenes from home, to establish a positive and safe strategy for the comeback, Cybarco’s goal was clear: restart at full speed with no compromise to the high quality standards, which have been setting the company apart for over 75 years.

Amid an environment filled with challenges resulting from the COVID-19 pandemic, the need to support entrepreneurship as a basic tool for economic recovery seems more imperative than ever. PwC has always supported the local community, as well as initiatives aimed at reinforcing youth entrepreneurship and innovation, through strategic collaborations with organisations such as Junior Achievement and Chrysalis LEAP.

The opening of Cyprus airports is set to enter phase two on Saturday, when passengers arriving from countries listed in category A by the Health Ministry will not need to present proof of a negative coronavirus test, but will be subjected to a mandatory rapid test upon arrival.

The new company that will be operating the island’s public transport system from July 5 announced on Friday that 220 buses comprising part of their fleet, have already arrived in Cyprus.

For the medical profession, one of the issues arising in responding to the novel coronavirus outbreak is the need to communicate medical data rapidly while maintaining data security.

Non-performing exposures (NPEs) recorded a slight increase in January over the previous month, attributed to the end-of year capitalised interest.

The European Bank for Reconstruction and Development (EBRD) has doubled its trade finance limit to the Bank of Cyprus to benefit businesses, including small and medium size enterprises to €100 million from €50 million.

Actual Individual Consumption (AIC – measure of material welfare of households) expressed in Purchasing Power Standards (PPS) ranged from 59% to 135% of the EU average across the 27 Member States, according to data released today by Eurostat.