Only one-third of CEOs (34%) believe the C-suite model is well-suited to the demands and opportunities of the next decade, according to the EY CEO Imperative Study 2019 which surveyed 200 CEOs, 100 senior institutional investors and 100 independent board members. However, CEOs and boards have been changing the face of the management model, with top positions added over the last five years including chief innovation officer, chief digital officer and chief strategy officer.

The public consultation prior to the auction procedure of 5G radio spectrums (700 MHz, 3.6 GHz, 26 GHz) is underway, the department of electronic communications has announced.

A Cyprus government scheme called 'Estia' to assist homeowners with non-performing loans to repay their toxic debt has gone live as borrowers can start applying before the window shuts on 15 November, 2019.

Cyprus has fully repaid a €2.5 billion loan from Russia, secured in 2011 by the previous administration, Finance Minister Harris Georgiades said recently.

Bank of Cyprus’ Real Estate Management Unit (REMU) is preparing a new AIF just like CyCeit for NBG Pangaea Real Estate Investment Company, according to INSIDER reliable information.

Τhe US House financial services committee has said cooperation and coordination with Cypriot authorities in fighting illicit financial activity is beginning to pay off and expressed confidence that the island can achieve further progress.

Cyprus posted a fiscal surplus of €695.8 million or 3.2% of GDP from January – July 2019, compared to €488.5 million the same period last year, according to official data.

Cyprus said it had substantially restored its reputation tarnished by money laundering allegations after the US Congress Financial Committee said Nicosia’s cooperation was beginning to produce results.

July this year saw a further decline of unemployment in Cyprus to 7% (or 31,000 persons, down from 7.2% (32,000 persons) in June and 8.3% (36,000 persons) in July last year, Eurostat figures showed.

A 2.2% increase in industrial production was seen in the first six months of 2019, the Statistical Service said on Thursday.