The American Chambers of Commerce (AmChams) of Cyprus, Greece and Israel recently signed a memorandum of understanding (MoU), aimed at creating a stable business environment that will also serve American businesses operating in the region.

Bank of Cyprus has recently sold non-performing exposures worth €33.7m to distressed debt manager APS, which is also handling Hellenic Bank’s portfolio of bad debts.

The number of unemployed registered at the District Labour Offices on the last day of January 2019, reached 30.951 persons.

European Commissioner for Humanitarian Aid and Crisis Management Christos Stylianides urged young people to embrace the new initiative of the EU called European Solidarity Corps, as this would be the best answer to those who doubt the EU, he said.

Cyprus is ranked 27th out of 28 EU countries and 92nd out of 149 world countries in the World Economic Forum’s 2018 Global Gender Gap Report.

Skill shortages in Europe are damaging the growth prospects of companies and the continent’s economy, according to Building a Better Working Europe, a new survey released as part of the EY Attractiveness Survey series. The most alarming talent shortages are in digital skills, with cybersecurity (48%) and artificial intelligence (AI) and robotics (48%) identified as the scarcest skills according to the survey respondents.

Cyprus ten-year bond yield declined below the 2% barrier in February 2019, marking a new all time low, according to data analysed by CNA.

Ιn December 2018, compared with November 2018, industrial producer prices fell by 0.8% in both the euro area (EA19) and the EU28 and by 0.2% in Cyprus, according to estimates from Eurostat, the statistical office of the European Union.

Legislators recently gave the government a deadline of one week to come back with clarifications on the operation of the national investment fund that is to be set up to manage future revenues from hydrocarbons.

Total new loans recorded an increase of 65.4% in December 2018 compared with the previous month, while lending and deposit rates fell further.