Cyprus is set to enjoy a novel shopping experience as work on the island’s first designer outlet and entertainment village is set to begin in September and completed by May 2020.

An Equity Fund should be established to address the difficulties small and medium sized enterprises (SMEs) encounter in obtaining financing, the Cyprus Economy and Competitiveness Council has proposed.

On Thursday, 20th of June 2019, the 15th CFO Management Forum took place at the Hilton Park Hotel in Nicosia. The forum brought together around 200 chief financial officers and other key executives from the major companies and corporations operating in Cyprus, as well as government representatives and officials.

PwC Cyprus’ trainee accountants have once again achieved significant distinctions in the 2018 examinations of the Association of Chartered Certified Accountants (ACCA).

Cyprus households are to enjoy the benefits of super-speed internet exceeding 100Mbps by 2025, joining in the digital revolution taking place in the rest of the world.

EuroAsia Interconnector, promoter of the European project of common interest (PCI 3.10) has applied for an EU grant to construct the subsea electricity interconnection between Crete and Attica, benefiting Greek consumers by €355 million with a commissioning date of mid-2022.

Cyprus registered the lowest annual inflation rate in the EU for May with 0.2%, according to Eurostat.

Cyprus is among the few countries in the EU where house prices fell between 2010 and 2018, a new Eurostat report published recently said.

EY has been recognized by Forrester Research as a leader in The Forrester Wave™: Global Digital Business Transformation Accelerators, Q1 2019. The report assessed global consultancies, technology integrators and digital agencies for their abilities to help Management and CIOs plan and carry out digital transformation initiatives.

Recently addressing a ceremony held for the conclusion of the first phase of investments by Eurogate at Limassol port, President of Cyprus Mr. Nicos Anastasiades, said: “the Limassol port is one of the most advanced ports in the Eastern Mediterranean region and constitutes an important source of revenue for Cyprus.”