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
Exports of halloumi at 1.34 billion over the last 5 years €227 million was recorded in the first 9 months of 2022 making it a record year for halloumi exports Maria Eracleous 11/01/2023 | BUSINESS
Dispute resolution services a more cost effective way to resolve issues Disputes between consumers and businesses are usually resolved within 90 days at a lesser cost 10/01/2023 | BUSINESS
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NPL's decreased by €32 million to €2.69 billion in October 2022 Household or non-commercial NPL's decreased by €6 million, to €1.35 billion Source: CNA 09/01/2023 | BUSINESS
Amazon to layoff 18,000 employees The cuts amount to 6% of Amazon's roughly 300,000-person corporate workforce Source: Reuters 05/01/2023 | BUSINESS
The plan to bring in more German tourists Response from travel agencies to 'K'-There are prospects, but demand lags behind other destinations Maria Eracleous 04/01/2023 | BUSINESS
Projects in excess of €48 million will begin in the first quarter of 2023 Funded by the Cyprus Tomorrow Plan Source: CNA 04/01/2023 | BUSINESS
The landscape of bank equity is changing in Cyprus The success of Eurobank's upcoming internal moves will depend heavily on Pimco Panayiotis Rougalas 04/01/2023 | BUSINESS
