Cyprus Business Now: teleworking, bank fines, SME funding, GDP forecast

▤ Summary

Cyprus' central bank raised its 2025 GDP growth forecast to 3.3 percent and cut its inflation outlook, citing stronger tourism. Public-sector teleworking rules now limit staff to working from home and require written workplace declarations, while officials also discussed cybersecurity and software requirements for remote work. The consumer protection authority fined Bank of Cyprus and Eurobank for unfair mortgage contract clauses, and CySEC warned investors about unauthorized trading websites. The article also highlights a new EIF and Eurobank guarantee program to expand lending to Cypriot SMEs and start-ups, along with separate updates on insurance share sales and bond issuance.

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