As Cyprus is preparing itself for a post-Covid-19 working life, employers should maintain flexible workplace policies to retain and attract new talent, says Hayley Buckle, Director of Recruitment at GRS Recruitment.

Luxury properties and high-rise buildings are currently driving Cyprus’ construction sector forward. However, demand will shift in favour of more conventional villas and apartments in a few years’ time, predicts George Chrysochos, second-generation CEO of Cyfield Group, one of Cyprus’ largest vertically integrated construction companies.

We have every reason to remain optimistic and expect demand to continue to be strong in 2021, especially for ready to move in properties and projects approaching their delivery.

Competition coupled with a cleaner and lower cost fuel will drive a reduction of electricity costs for all.

Cyprus has a new, more discerning, type of client that expects world-class finishes, facilities and service in addition to an outstanding property with exceptional construction quality and specifications.

We expect that the introduction of tax and redomiciliation incentives for funds and fund managers and the modernisation of procedures will aid in boosting the fund sector to even higher growth rates.  

The Cypriot investment fund market is a very dynamic market that has seen impressive growth in recent years.

Cyprus was one of the few countries that effectively faced the coronavirus pandemic, thanks to the prompt government action, but also the quality of its healthcare system and its climate.

Banks are now focusing on providing the widest possible support to the economy to minimise the pandemic impact and to safeguard the banking sector’s performance in the years ahead.

The key opportunity is our country's transition to the era of the fourth industrial revolution.

Cyprus’ strategic location, business friendly environment, efficient tax system and professional human capital create an ideal environment for the set up of family offices.

The discovery and exploitation of Cyprus’ natural gas offshore resources will be key in unlocking cleaner energy for Europe, the region and beyond.

Although a contraction is highly likely for 2020, we expect this to be smaller than that of the general economy and succeeded by a return to growth in 2021.

It is a challenging time with a reduction in business, with governments and companies tightening their belts to reduce costs.

The longer-term future of hydrocarbon development in Cyprus looks good, despite regional geopolitical challenges.

The discovery and exploitation of Cyprus’ natural gas offshore resources will be key in unlocking cleaner energy for Europe, the region and beyond.

I expect that the sector will adapt once again to the new business environment, as the country’s professionals foster their efforts towards the recovery of the sector.

...we are also working towards the implementation of a privately-owned fiber optic network for households that will deliver unbelievably fast bandwidth and a unique experience but will also upgrade the country’s infrastructure as a whole.

Telecom operators are being faced with unprecedented challenges in 2020 due to the Covid pandemic, which brought an ever-increasing demand for data communications for remote working...

Our aim is to deliver a steady and secure supply of cleaner, greener, more affordable energy to the people of Cyprus.