The 2008 financial crisis hit Cypriot banks extraordinarily hard, leaving the sector with an NPL-ratio soaring to a frightening level of 54% in 2014.

The new Master’s programme in digital cultural heritage of The Cyprus Institute graduate school is accepting applications for the Fall 2020 semester from interested candidates.

The percentage of agricultural land used for organic farming in Cyprus is 4.6% which is below the EU average. Cyprus is ranked 10th in the EU by Eurostat.

As insurance industry growth remains stagnant for another year due to low interest rates, the shifts in consumer demographics around the world coupled with heightened expectations for digital experiences present insurers with risks and opportunities. The EY Insurance Outlook 2020 report – based on collective sector workshops with insurance leadership across the globe (Americas, Asia-Pacific and Europe) and a formal survey of EY insurance professionals and external analysts – reveals what life and non-life global insurers plan to prioritize in the year ahead to remain competitive in this new paradigm.

Total arrivals of travellers last November reached 309,952 compared to 261,765 in November 2018, recording an increase of 18.4%, according to the Cyprus Statistical Service.

According to the latest data published by the company, 400,000 passengers from Cyprus and abroad travelled with Cyprus Airways in 2019.

Bank of Cyprus is bringing customers MasterCard in Apple Pay offering an easy, secure and privateway to make mobile payments.

Cyprus is among the top five EU countries where people didn’t purchase goods or services online because they were suspicious over privacy and security concerns.

The Tax Department is trying to classify events and performances of a cultural nature in a bid to cover gaps that lead to loss of state revenue, Phileleftheros reports.

Cyprus economic growth is expected to decelerate in 2020, with real GDP dropping from 4.1% in 2018 and 3.4% in 2019 to 2.8%, due to faltering confidence, risks related to bad loans and rising state payrolls, the University of Cyprus Economics Research Centre forecasts.