Minister of Transport, Yiannis Karousos and his Bulgarian, Estonian, Latvian, Polish, Lithuanian, Maltese and Romanian counterparts, met Tuesday with the Commission Vice President Frans Timmermans and the Commissioner for Transport, Anna Ioana Valean, to raise the issue and implications of a new rule that calls for commercial transport vehicles, lorries and trucks operating within th single market, to return to the licensing Member State every eight weeks, included in the "EU mobility package", currently under negotiation.

Cyprus Transport Minister and 8 counterparts object to new rules of mobility package on...

Minister of Transport, Yiannis Karousos and his Bulgarian, Estonian, Latvian, Polish, Lithuanian, Maltese and Romanian counterparts, met Tuesday with the Commission Vice President Frans Timmermans and the Commissioner for Transport, Anna Ioana Valean, to...
Euro area annual inflation expected to be 1.3% in December 2019

Euro area annual inflation expected to be 1.3% in December 2019

Euro area annual inflation is expected to be 1.3% in December 2019, up from 1.0% in November according to a flash estimate from Eurostat, the statistical office of the European Union. Looking at the main...
AstroBank and Qualco Group in joint venture for management of NPEs and REOs

AstroBank and Qualco Group in joint venture for management of NPEs and REOs

AstroBank reached an agreement on 31st December 2019 with Qualco Holdco Limited, for the sale to the latter of 74.9% of Trusset Asset Management Limited, a newly formed company, for the management of AstroBank’s...

Increase of Contributions to Social Insurance Fund

Since the beginning of the year, the contribution rate to the Social Insurance Fund was increased by 0.5% for employees, employers, self-employed persons and voluntary insured persons, on the basis of the Social Insurance...
Economics Research Center: Robust economic activity in Cyprus expected in 2020

Theodoros Mantis: Changes Needed to Attract Companies of Foreign Interests

In recent years, the aim of the state has been to promote Cyprus as an attractive investment destination and as a credible business center, through the attraction and establishment of foreign companies on the...

Picking the people around you: ‘Team Up or Team Down’

A Greek saying goes as follows: “If you show me your friends, I can tell you who you are”. I would say the same goes for business. Work with the best, be one of...
NPFs drop a further €175 million in July-September 2019, Central Bank says

Cyprus had the highest stock of non-performing assets of general government, with 32.4% of...

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...
Euro area records €225.7 bn trade surplus in 2019 and Cyprus €5.1bn trade deficit

Euro area records trade surplus; Cyprus records trade deficit

From January to December 2019, euro area exports of goods to the rest of the world rose to €2 345.4 bn (an increase of 2.7% compared with January-December 2018), and imports rose to €2...

Picking the people around you: ‘Team Up or Team Down’

A Greek saying goes as follows: “If you show me your friends, I can tell you who you are”. I would say the same goes for business. Work with the best, be one of...

Revolut and their new Privacy Policy Changes

Revolut has recently implemented some alarming privacy policy changes. We take a look at the company itself, what those recent policy changes are, and how you can opt-out. What is Revolut? Revolut is a financial technology...
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