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1. 380 CYTA employees on the brink of departure

In an effort to further reduce operational expenses and renew its workforce, Cyta has implemented another voluntary employee exit plan, targeting individuals who meet specific conditions....

2. Keravnos urges banks to restructure loans and keep rates low

Cyprus Finance Minister Makis Keravnos has urged banks to restructure loans, maintain low lending rates and bank charges, and increase deposit rates in light of continued basic rate hikes by Central Banks. He warned that otherwise the government "would make different thoughts."...

3. Five new support schemes announced as Cyprus enters recovery stage

The five new economic support measures budgeted at 150 million euros that aim to cushion the blow of the coronavirus pandemic as Cyprus enters the stage of recovery were submitted before the cabinet on Tuesday....

4. ‘Queen Elizabeth’ applies for state subsidy

Labour office employees have been swamped with applications for wage subsidies due to the coronavirus pandemic, including one case under the name of “Queen Elizabeth"...

5. Cyprus 'one of the success stories of ESM'

6. Fitch Ratings upgrades Cyprus to investment grade