ECONOMY Why the U.S.-China trade war matters to Cyprus and Europe Newsroom As the United States sharpens its rhetoric against China’s trade practices, reviving a tariff-heavy policy rooted in the Trump years, global markets are once again bracing for impact. READ MORE
Bank of Cyprus posts net profit of €21 million in Q1 The bank also announced a record €618 million of new loans Source: CNA 20/05/2022 | BUSINESS
EY launches 2022 Better Working World Data Challenge to help tackle biodiversity loss 20/05/2022 | BUSINESS
Bank of Cyprus to reduce its employees by 500 in 2022 The bank plans to close 20 branches and reduce its staff by 15% Panayiotis Rougalas 19/05/2022 | BUSINESS
K. Treppides & Co Ltd: Digitalization of the Global Tax Administration What is it and what it means for the tax function? 18/05/2022 | BUSINESS
EY Cyprus offers Summer Internship Programmes to university and high school students 13/05/2022 | BUSINESS
Tax incentives for businesses looking to relocate to Cyprus The Cyprus government wants to attract talent and promote headquartering to benefit economy Source: CNA 10/05/2022 | BUSINESS
Trade deficit at €429 million in February and €729 million in March According to preliminary data published by CyStat Source: CNA 10/05/2022 | BUSINESS
Labor inspections island-wide during the month of May Ministry cracks down on undeclared labor Source: CNA 10/05/2022 | BUSINESS
Price hike of raw materials affecting developers and construction costs The cost of iron last year was €450 per tonne, while currently, prices are between €1,150 to € 2,000 per tonne. 09/05/2022 | BUSINESS
English will be used in newly established commercial and maritime courts The move will further strengthen commercial activity and shipping in our country, according to Justice Minister Drakos Source: CNA 06/05/2022 | BUSINESS
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