The European Stability Mechanism (ESM) will begin its assessment of Cyprus’ intention to repay the remainder of its 2013 bailout to the International Monetary Fund of over €700m, its Managing Director Klaus Regling said.

Cyprus credit card transactions in October 2019 increased by 4%, reflecting stable consumer confidence while online payments to the state did not play a significant role in the rise.

Finance Minister Harris Georgiades said recently that the importance of the citizenship by investment programme should not be overestimated.

Cyprus is putting in place a national strategy for the development of Artificial Intelligence that should be completed by December, House President Demetris Syllouris said recently speaking at the Honggiao Economic Forum in Shanghai.

PwC Cyprus was the Premium Gold Sponsor of the 15th Economist Conference which was held on November 4 and 5 in Nicosia. The conference focused on issues such as the developments and economic prospects of the European Union, Brexit, security in the region as well as strengthening fiscal discipline, social cohesion and the culture of innovation.

The backlog of high-quality IPOs continues to grow as issuers await more favorable market conditions, pushing IPO activity down across many markets in Q3 2019 compared with Q3 2018.

Elias Neocleous & Co LLC Human Resources team has been judged worthy of a Gold Award in the 2019 Cyprus HR Awards.

The 13th Supply Chain & Logistics Summit & Exhibition took place on Thursday, 31 October 2019, at Filoxenia Conference Center in Nicosia. The Summit, which was jointly organised by EY and IMH, focused on Supply Chain Strategy, Planning & Sourcing, Production Optimization and Warehousing & Distribution issues.

The island’s effort to import natural gas to power its electricity grid looked set to delay further after complications emerged in the tender process for the construction of an LNG import terminal at Vassilikos.

Hermes Airports was the proud recipient of three awards at the first-ever Cyprus HR Awards, in a ceremony held recently in Nicosia.