News

Major challenges for Cyprus economy

Cyprus was successful in meeting specific targets that were set out in the adjustment programme according to the European Commission. However this might lead Cyprus to face a number of internal and external risks.


Wealth exported overseas shrinks the Russian economy

Approximately 80% of Russia’s economic wealth was moved overseas according to leading academic research.


Report: The 10 most competitive economies in the world

The Global Competitiveness Report 2015-2016 assesses the competitiveness of 140 world economies including the ones of the USA, Russia, UK, Singapore and Cyprus.


Criminal Records Certificate for companies involved in public works

The Cypriot Cabinet of Ministers has agreed on a new law to be passed through the local parliament, monitoring activities of companies involved in public work.


Cyprus unemployment rate drops during Q2 2015

After the banking crisis in March 2013, the unemployment rate in Cyprus reached records highs.


Central Bank of Cyprus asks restructure of the Banks

The Central Bank of Cyprus advised banks to submit their progress of restructuring loans in Cyprus on a quarterly basis.


Property transactions in Cyprus have dropped

In August, the number of property transactions fell to 301, 10% lower than August 2014 on a sales drop in Limassol, Famagusta and Nicosia, as the department of lands stated.


Occupied Trikomo is planning to become a Chinese village

As a Turkish Cypriot media reported, occupied Trikomo has attracted the close interest of Chinese investors. As stated by the TC newspaper, the Chinese investors are looking into all British, Russian and Scandinavian interest.