Annie Charalambous

Government already stands by employees, says FinMin

Opposition parties in Cyprus are putting pressure on the government to further boost the real economy which is suffering from the coronavirus effects by...

Moscow officially asks Nicosia to renegotiate double taxation treaty

Moscow has officially informed Nicosia that the double taxation treaty between the two countries needs to be renegotiated, Phileleftheros reports. The request from Russian Deputy...

C. Zorbas: A lot of businesses will collapse

Many businesses in Cyprus will collapse now that everything has been shut down in order to slow the spread of the coronavirus, Zorbas Bakeries...

Parliament to vote down bill on government-guaranteed bank loans

A government plan to guarantee up to €2bn in bank loans to businesses and self-employed people will be voted down by parliament, Phileleftheros reports. This...

Banks flooded with loan instalment suspension applications

Banks in Cyprus were flooded with applications for the suspension of the collection of loan instalments until the end of the year from day...

Coronavirus decimates taxi industry in Cyprus

Taxi drivers in Cyprus are seeing their livelihood evaporating as the holiday island is all but shut down to try to slow the spread...

Banks in Cyprus tested again, this time by coronavirus

The negative financial effects of the coronavirus have come at a very crucial time for Cyprus banks, Phileleftheros reports. Banks are mandated to manage a difficult situation...

Thousands set to apply for loan instalment moratorium

Thousands of borrowers with performing bank loans are expected to apply for a postponement of  their instalment for nine months in accordance with the...

Kokkinos: Second SMS requesting movement automatically rejected

The system will automatically reject a second request by SMS to citizens requesting movement by exception for a second time in the same day...

Uncertainty over short-term property lease agreements

With summer just around the corner great uncertainty prevails over the Mediterranean island’s real estate market and tourism sector because of the coronavirus, Phileleftheros...

Fast-track processing of citizenship by investment applications

The government has called for the fast-track processing of citizenship by investment applications so as to give the Cyprus economy a boost, Phileleftheros reports. Despite...

Russia’s bid to raise tax revenue a blow to Cyprus

Moscow is determined to repatriate Russian capital and increase tax revenue and a shocking measure announced by the country’s leader last week is aimed...

Fiscal package of economic measures against coronavirus before House plenum

A national fiscal package of measures to counter the economic consequences of the coronavirus epidemic in Cyprus goes before the House plenum for approval...

Working environment changes due to coronavirus

It’s a big challenge for Cypriots to learn to work from home, President of the Cyprus Human Resources Management Association (CyHRMA) Panayiotis Thrasyvoulou told Insider. With the...

Russia’s Putin drops a bomb on dividend payments

Russian President Vladimir Putin has shocked the business world when he announced that all interest and dividend payments leaving Russia will incur a 15%...

State to contribute towards salaries of 250,000 employees, self-employed

The Finance Ministry plans to provide the domestic market with loans up to €2 billion to maintain a security cushion. And despite the economic difficulties,...

Government wants EBA approval to freeze loan instalments by law

The government favours suspension by law of instalments payment - capital and interest –  till the year’s end but this is subject to an...

Property valuations amid uncertainty

The real estate industry is being clobbered by the coronavirus, and it’s going to get worse before it gets better, Phileleftheros reports citing experts. Key...

New measures being drafted to counter coronavirus economic impact

New measures being drafted by the government aim to protect employees, self-employed, small and medium-sized enterprises and those whose income is affected due to...

Banks in Cyprus under political, supervisory pressure

Banks are under political and supervisory pressure to adopt the four measures taken by the Central Bank of Cyprus aiming to mitigate the coronavirus-sparked...

Saturdays no longer busiest days for supermarkets

Saturdays have always been the busiest days for supermarkets in Cyprus but coronavirus has changed this tradition making all days of the week more...

Top Stories

Irregular migrants cross from occupied areas

  Police have picked up more than 30 irregular migrants who crossed from the Turkish occupied areas, the Cyprus News Agency reports. It said that six...

Trump orders big U.S. troop cut in Germany, official says

U.S. President Donald Trump has ordered the military to remove 9,500 troops from Germany, a senior U.S. official said on Friday, a move likely...

Bolsonaro threatens WHO exit as COVID-19 kills ‘a Brazilian per minute’

  President Jair Bolsonaro threatened on Friday to pull Brazil out of the World Health Organization after the U.N. agency warned Latin American governments about...

Fine and sunny, temperatures at 37 C inland

  Weak low pressure and a warm air mass are affecting the area. Saturday will be mainly fine and temperatures will rise to 37 C inland,...

Minister of Agriculture presents the Strategy for Biodiversity of Cyprus

The Government has presented on Friday the Strategy for Biodiversity of Cyprus, which includes thirteen strategic goals for the decade 2020-2030. The Action Plan...