Blog
06/06/2018
The economy of Cyprus suffered a heavy fall in 2013. Following the crash there was a surge of innovation and investments in local businesses. A survey conducted by the EIB (European Investment Bank) highlighted changes in Investment and Investment Finance for Cyprus in 2017.The survey displayed that uncertainty, energy costs, regulation, and the lack of skills impede the potential for further investment in Cypriot businesses. But firms based in...
25/05/2018
Approximately every year, the European Commission (EC) releases country specific recommendations (CSR’s) which lay-out economic guidance policies for the next 12-18 months. This week, the European Commission deemed that there are 8 countries with imbalances, and 3 countries with extreme imbalances.Among the three countries with extreme imbalances, Cyprus is one of them, along with Croatia and Italy. Cyprus had replied through the national...
18/05/2018
In 2013, the banks in Cyprus had overleveraged local property companies which had led to the great decrease of the Cypriot government’s bond credit rating. The response to this financial crisis came from the financial ministry asking for a financial bailout from the European Central Bank, the European Commission, and the International Monetary Fund.Consequently, Cyprus agreed to shut down it’s second largest commercial bank - Laiki...
18/05/2018
Η επαρκής ρευστότητα είναι ζωτικής σημασίας για την επιβίωσηκαι ανάπτυξη των μικρομεσαίων επιχειρήσεωνΤου Νέαρχου Πετρίδη*Σε όλες τις ώριμες και αναπτυγμένες οικονομίες η ιδιωτική επιχειρηματική πρωτοβουλία αποτελεί βασικό μοχλό για την επίτευξη οικονομικής ανάπτυξης αφού ο ιδιωτικός τομέας είναι αυτός που κάνει επενδύσεις και οι ιδιωτικές επιχειρήσεις είναι αυτές που παρέχουν θέσεις εργασίας. Λόγω του κρίσιμου ρόλου της επιχειρηματικής...
10/05/2018
Property development, a growing renewable energy sector, strong and dynamic tourist attraction, Cyprus is gradually becoming an FDI (foreign direct investment) hotspot with investors from Russia, China, and the U.A.E.Cyprus has experienced and struggled with difficult a financial crisis, but it’s perseverance is one factor which has attracted FDI. After the crisis in 2013, the community rejuvenated it’s major banks.Bond issues...