Mixed trends in deposit and loan interest rates in November ’19
Rates on deposits and loans followed mixed trends in November last year in the Cypriot banking system, data released this week by the Cyprus Central Bank shows.
According to the official data, the interest rate...
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...
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...
Economics Research Center: Robust economic activity in Cyprus expected in 2020
Real economic activity in Cyprus is expected to continue to increase at robust rates in 2020, albeit at a slower pace compared to 2019, says the Economics Research Centre (CypERC) of the University of...
An offline route to an online business
Aren’t you amazed when you hear people are succeeding online? Nowadays we feel we can burst forth towards our success on our own. Ruminate on what type of online business you would fancy doing,...
Lower services confidence causes fall in Cyprus economic sentiment
In February 2020, economic sentiment in Cyprus deteriorated as the Economic Sentiment Indicator (ESI-CypERC) decreased by 0.7 points compared with January 2020.
According to the Economics Research Centre of the University of Cyprus, the decrease...
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...
Analysis: Detecting Corporate Fraud
Fraud exists everywhere and you need to be aware so as to not be conned. A con is the art of persuading someone by deception to do something. Discovering fraud in corporations and society...
Ambiguities and concerns in the implementation of the Explanatory Circular for Benefits in Kind
In line with an international trend that has been gaining ground over recent years, many Cypriot companies are now offering a wide range of Benefits in Kind (use of company and private vehicles, employee stock...
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...
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