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Bad loans in Cyprus down by €43 million in the first quarter of 2020

Cyprus recorded a further decrease of €43 million or 0.5% in aggregate Non Performing Loans (NPLs) at the end of March 2020 compared with...

Moody’s: Bank of Cyprus’ sale of nonperforming exposures credit positive, asset quality remains a challenge

Bank of Cyprus’ latest sale of non performing exposures is credit positive, Moody’s rating agency says while pointing that weak asset quality remains the...

Unemployed people in Cyprus record monthly drop, annual increase this July

Unemployed people registered at the District Labour Offices on the last day of July 2020, reached 32,313 persons, according to a press release issued...

Bank of Cyprus again set to reduce staff-related costs

Bank of Cyprus is set to reduce staff-related costs with changes in salaries and early retirement and part time employment options again on the...

Industrial producer prices up by 0.7% in Euro area and 0.4% in Cyprus in June 2020

In June 2020, the fourth month during which Covid-19 containment measures are being applied in most Member States, industrial producer prices rose, compared with...

Ministry announces conclusion of international tender for Larnaca port and marina development

The Cyprus Ministry of Transport, Communications and Works announced on Monday the successful conclusion of the international tender for the development of the port...

Nicosia reservedly optimistic for a deal with Russia on double taxation agreement

Nicosia expresses reserved optimism for a deal on the issue of the treaty between Cyprus and Russia for the avoidance of double taxation. Replying to...

Completion and delivery of two additional photovoltaic parks

Two additional photovoltaic parks, with a total capacity of 2.5MW were completed and connected to the EAC national network, from L&T Sun Power Ltd....

Economic sentiment in Cyprus improves in July

Economic sentiment in Cyprus improved in July driven by improved confidence in services and consumers, the University of Cyprus’ Economics Research Centre says in...

Bad loans in Cyprus drop slightly at end of February, remaining stable at 27.9% of total loans

A small decrease of €4 million was recorded in total non-performing loans (NPLs) at the end of February 2020, compared to the end of...

Cyprus issues final building permit for EuroAsia Interconnector converter station

Cyprus is now one step closer to lifting its energy isolation after issuing the final building permit to EuroAsia Interconnector, the official project developer...

Chevron and Noble Energy reconfirm their interest in East Med, Cyprus Energy Minister says

Oil & gas companies Chevron and Noble Energy have confirmed their interest in the Eastern Mediterranean and that their strategic plan has not changed...

Tourist arrivals in Cyprus drop by 98.2% annually in June

Tourist arrivals recorded a sharp drop of 98.2% on an annual basis this June, due to the coronavirus pandemic, data released by the Cyprus...

Giovani Group announced first residential project in Nicosia

    Giovani Group is expanding its business activities to the capital, with the construction of the contemporary residential project Monogram Residences in Lykavitos. The project...

5G network licensing tenders to be announced this month

    The Deputy Ministry of Research, Innovation and Digital Policy, through the Digital Communications Department, will announce a tender within July 2020 to grant licences...

Grand Hyatt coming to Limassol

    A Hyatt affiliate has entered into a management agreement with Anolia Holdings Limited for the first Hyatt hotel in Cyprus, Grand Hyatt Limassol. The 300-room...

Lidl Cyprus supports ‘Save our Food’ programme with more than 3000 breakfasts

  Within the framework of the Save Our Food programme and with a sense of responsibility towards society, Lidl Cyprus has proceeded in providing breakfast ...

Q1 house prices up annual 5.0% in euro area, 1.1% in Cyprus

    House prices, as measured by the House Price Index, rose by 5.0% in the euro area in the first quarter of 2020 compared with...

Cyprus raises €1b through reopening of bonds maturing in 2024 and 2040

    The Republic of Cyprus raised on Tuesday €1 billion in a double -European bond issue through the reopening of existing bonds maturing on 3...

Emirates SkyCargo expands network to Larnaca

Emirates SkyCargo will be operating scheduled cargo flights to 100 destinations across six continents during the month of July 2020, including Larnaca, Cyprus. Apart from...

Cyprus to tap capital markets, reopening existing 2024, 2040 bonds

  Cyprus announced it will tap two existing bonds maturing in 2024 and 2040 for a minimum amount of €500 million, in a bid to...

Top Stories

PM Mitsotakis: Greece-Egypt’s agreement on maritime zones a national success

Prime Minister Kyriakos Mitsotakis said on Friday that the agreement between Greece and Egypt for the delimitation of their maritime zones, reached on Thursday,...

Cyprus’ President calls on Cypriots to donate food for Lebanon

Cyprus' President Nicos Anastasiades has called on Cypriot citizens, companies and businesses to contribute by donating generously to the campaign for collecting specific kinds...

Cyprus rescue teams begin operations in Beirut

Cyprus rescue teams which are in Lebanon began their operations since 7 am on Friday, in cooperation with a team from Qatar in Beirut`s...

Toddler almost drowned in Paralimni

A 14-month-old girl almost drowned on Friday morning at Paralimni. According to police, it was around 8:30 am when the baby girl who resides in...

Municipalities in partial suspension of payments

The chairman of the Union of Municipalities Andreas Vyras, revealed the dire financial situation in which the municipalities find themselves due to reduced revenues...

Taste

Octopus ‘Kathisto’ (or Octopus braised in Wine)

Ingredients: 1/2 cup Greek extra virgin olive oil 2 medium onions, chopped fine 1 large octopus, about 2kg (cleaned and kept whole) 3/4 cup dry red wine 1/3 cup...

Homemade lemonade

Ingredients: 1 cup lemon juice 1 cup sugar Method: Thoroughly wash the lemons with soap and warm water. Roll each lemon with the palm of your hand, pressing...

‘Striftaria’ mini cheese pies

Ingredients 1 ½ cup milk 2 tbsps. flour 4 tsps. of butter 3 eggs, slightly beaten + 1 extra with 1 tbs. of milk for spreading 1 pack of...

Mini potato canapes baked on salt

Ingredients Serves: 12 1kg small Cypriot potatoes rock salt, as needed 250g salted butter 300ml full fat cremé frâiche 1 pot cod or salmon roe Method Prep:20min › Cook:35min › Ready in:55min Take...