Cyprus Central Bank governor Constantinos Herodotou has called on banks to draw up a Plan B on how to deal with thousands of defaulted borrowers who will not join the government subsidised ESTIA scheme.

PwC Cyprus presented the 'New World, New Skills' programme to media representatives, at an event held on Wednesday, 27 November, 2019.

Despite several challenges including the collapse of Thomas Cook, 2019 has been a very successful year for tourism, deputy minister for tourism, Savvas Perdios said recently, expressing pride over the results.

Cyprus is on a firm trajectory to using natural gas for electricity generation by the year 2021, president Nicos Anastasiades said recently.

Finance students from six Cypriot academic institutions will analyse the business model of Vassiliko Cement Works in this year's CFA Research Challenge. The competition is organised by the CFA Society Cyprus for the sixth year in a row.

The Netherlands has finally been added to the long list of countries Cyprus has signed a Double Tax Treaty (DTT) with, as Cyprus has signed a DTT with the Netherlands last week.

An increasing number of wealth management clients are willing to pay for financial advice, but what they value is evolving rapidly, as 33% of clients have switched providers in the past three years, and another third plan to do so in the next three years, according to the EY 2019 Global Wealth Research report, which is based on a detailed survey of 2,000 wealth management clients in 26 countries and speaking with 50 different wealth management executives.

Larnaca-based carrier Cyprus Airways announced the launch of ticket sales for its Summer 2020 destinations to Greece, Europe and the Middle East.

Following a short transitional period, Mr. Theodosis Michalopoulos is officially assuming the position of CEO for Microsoft Greece, Cyprus and Malta.

Bank of Cyprus has received the international recognition as the Best Foreign Exchange provider in Cyprus for 2020 by the accredited magazine Global Finance.