Cyprus recently spent 500 million euros to safeguard jobs and boost liquidity amid the coronavirus crisis. In its efforts to combat unemployment in Cyprus, the government is considering incentive schemes for companies that hire jobless persons.

S&P Global Ratings on Thursday affirmed its B+/B long- and short-term issuer credit ratings for Bank of Cyprus Public Co. Ltd. (BOC), maintaining a stable outlook, noting that the bank will be loss making in 2020 and 2021 and will return to profit in 2022.

The Electricity Authority has invited proposals for the acquisition of Smart Poles in Cyprus worth up to €3 million, Phileleleftheros reported on Friday.

Loan payments suspended by banks to help 50,500 borrowers during the COVID-19 pandemic reached a gross value of €11.75 billion last month with the hospitality sector hardest hit, according to Cyprus Central Bank data.

Bicycle commuting conditions around town may not be ideal in Cyprus but a minister is on a mission to change that, with reports saying a proposal may soon reach the Cabinet.

Coral Beach Hotel & Resort excitedly opened its doors on Friday, July 17th and are happy to share details with our prospective guests and wider community of the pristine preparation that has been undertaken in response to the coronavirus pandemic.

PwC’s new report “Evaluating and learning from the pandemic response” describes a new framework for improving collaboration between the public and private sector

EY announced findings from Transforming Paradigms: Global AI in Financial Services Survey, a new global survey assessing the current state of artificial intelligence (AI) adoption by financial services organizations. The survey was led by the Cambridge Centre for Alternative Finance (CCAF) at the University of Cambridge Judge Business School and the World Economic Forum, and co-sponsored by EY and Invesco.

At 78%, the digital skills of Cypriot youngsters is marginally below the EU 27 average of 80%, according to figures released by Eurostat on Wednesday to mark World Youth Skills Day.

Despite Cyprus’ positive epidemiological profile, a result of the sacrifices and discipline shown by the whole society, there is no room for complacency and measures must be relaxed slowly and gradually, the Health Ministry said on Wednesday.