The impact of the 2013 financial crisis on Cyprus' companies, as well as on the economy in general, has been marked by a rapid fall in the rate of bounced cheques and the rise in liquidations, all benchmarks of a contracting economy, according to an analysis commissioned by the Infocredit Group.
Read full articleTransport Minister Marios Demetriades said that a June 2014 cabinet decision which provides that hydrocarbon companies would have to leave Larnaca this year remained in place and only another decision of the same body can overturn it as the political balance in the town’s municipal council remains fragile.
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