Loan payments suspended by banks to help 50,500 borrowers during the COVID-19 pandemic reached a gross value of €11.75 billion last month with the hospitality sector hardest hit, according to Cyprus Central Bank data.

Bicycle commuting conditions around town may not be ideal in Cyprus but a minister is on a mission to change that, with reports saying a proposal may soon reach the Cabinet.

Coral Beach Hotel & Resort excitedly opened its doors on Friday, July 17th and are happy to share details with our prospective guests and wider community of the pristine preparation that has been undertaken in response to the coronavirus pandemic.

PwC’s new report “Evaluating and learning from the pandemic response” describes a new framework for improving collaboration between the public and private sector

EY announced findings from Transforming Paradigms: Global AI in Financial Services Survey, a new global survey assessing the current state of artificial intelligence (AI) adoption by financial services organizations. The survey was led by the Cambridge Centre for Alternative Finance (CCAF) at the University of Cambridge Judge Business School and the World Economic Forum, and co-sponsored by EY and Invesco.

At 78%, the digital skills of Cypriot youngsters is marginally below the EU 27 average of 80%, according to figures released by Eurostat on Wednesday to mark World Youth Skills Day.

Despite Cyprus’ positive epidemiological profile, a result of the sacrifices and discipline shown by the whole society, there is no room for complacency and measures must be relaxed slowly and gradually, the Health Ministry said on Wednesday.

Two new photovoltaic parks financed by RCB Bank have been successfully connected to the national grid, adding another 7.5MW to Cyprus’ renewable energy capacity.

The tourism minister is managing expectations for the Republic of Cyprus after tour operators made clear they would send British tourists to countries where PCR tests were not required.

Fund managers in Cyprus can take advantage of the many benefits that outsourcing back and middle office administration functions provides. By transferring these operations to a trusted, proven provider, funds can gain a host of important competitive advantages that enable them to focus on what they do best: growing investment returns for their clients. There are, however, important points to clarify as part of a fund’s outsourcing provider benchmarking process.