Hourly labour costs rose by 3.4% in the euro area, by 3.7% in the EU, by 4.4% in Cyprus and 1.5% in Greece in the 1st quarter of 2020 compared with the same quarter of the previous year, according to data released today by Eurostat, the statistical office of the EU.

CFOs in Cyprus appear more pessimistic about revenues and returning to “business as usual” in a short period of time according to PwC’s latest survey.

Cyprus was the highest climber in the 2020 IMD World Competitiveness Rankings, marking an improvement in all four categories that make up the overall ranking.

Leptos Estates, the leading property developer of Cyprus and Greece, announces the release of its new video for Limassol Blu Marine – a luxury, high-rise seafront development currently under construction in Downtown Limassol.

An Oxford University study ranks Cyprus in the top 10 of a global league table of countries on preparedness for easing their coronavirus lockdowns, according to Scotland’s The National.

Cyprus Airways has launched its renewed schedule with flights to Greece, expanding the island’s limited connectivity due to the lockdown measures to stem the spread of coronavirus.

It is with immense pride and pleasure that we announce the appointment of our partner, Christia Middleton, to the position of District Judge in Cyprus effective 1 July 2020.  

Gyms, casinos and other recreational activities resumed on Saturday around three months after the lockdown was imposed.

The shooting of the film Man of War by Dimitris Logothetis is set to get underway in Cyprus in the last quarter of 2020, after the recent approval by the Cabinet of the revised development plan for a film industry in Cyprus, producers said on Friday.

The Cyprus government will be reissuing a call for the expression of interest by bidders who have acquired the necessary equipment needed for rapid COVID-19 tests, so that incoming tourists won’t need to spend a night in quarantine until labs check their sample for the virus.