Famar S.A., one of Greece’s biggest pharmaceutical companies which belonged to Marinopoulos Group before its acquisition by American Pillarstone, has been taken over now by a Cypriot-US joint venture.

In 2018, Cyprus became the country with the highest stock of non-performing loans (assets) of general government, with 32.4% of GDP, far ahead of the other EU Member States, according to data released today by Eurostat the statistical office of the EU. According to Eurostat this was due to a large transaction, whereby non-performing loans from a Cypriot public financial corporation (classified outside government) were transferred to a government unit.

Britons living in Cyprus continue to register at the Civil Registry and Migration Department, due to Brexit, as the Interior Ministry tries to find ways to facilitate the process for around 5,000 expats with disabilities.

Cyprus was one of six EU states where annual unemployment actually went up in 2019 while jobless among the youth is coming down.

A leading cause of preventable deaths in Cyprus is lung cancer while mortality from diabetes is the highest in the EU, although it has seen a significant downward trend since 2004, a report reveals.

Cypriots have one of the highest life expectancies in the EU, said an official from the European Observatory on Health Systems and Policies on Thursday.

Organised by Stelios Americanos & Co LLC with the Bank of Cyprus, the conference aims to highlight the investment opportunities available in business, real estate and tourism

Rating agency Moody’s considers as credit positive the fact that Cyprus’ Central Bank Governor, Constantinos Herodotou, expects two of the largest banks on the island to sell a significant portion of problem (non-performing) loans.

Private equity firms now manage commitments of nearly US$3.4t globally, up from less than US$500b in 2000, and in a significant shift new capital from private markets has surpassed for capital raised in public markets for the first time ever.

PwC’s corporate responsibility programme focuses on promoting youth entrepreneurship, supporting vulnerable social groups, protecting the environment, promoting employee wellbeing and upskilling. The organisation’s activities, which are based on the values of giving back to society, volunteerism and civic participation are detailed in the organisation’s 2019 edition of “We participate & give back”.