ECONOMY The registration process for the Register of Foreign Interest Companies, which is managed by the Business Facilitation Unit, is being completely modernized. Photo credit: Unsplash Cyprus picks up investment momentum Dorita Yiannakou Cyprus is maintaining a strong grip on investment interest, primarily due to its strategic geographic location, its well-developed professional services sector, and the attractive business environment it has built. READ MORE
Cabinet approves subsidies to fund digital business upgrades Subsidies in the amount of 10 million euros will be available for the digital upgrade of SMEs 08/02/2023 | BUSINESS
Rate of NPL's unchanged in November 2022 The NPL rate to total loans is at 10.5%, of which the loans amounted to €2.68 billion Source: CNA 06/02/2023 | BUSINESS
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€10 million worth of grants approved for women entrepreneurs 'The main objectives is to strengthen and encourage women's entrepreneurship in Cyprus and in our city,' says Larnaca Mayor, ... Source: CNA 02/02/2023 | BUSINESS
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113.7% increase in counterfeit euro banknotes in 2022 Banknotes in denominations of €50 and €20 continue to be the most counterfeited Source: CNA 30/01/2023 | BUSINESS