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€73 m deficit in January – April 2020 as Covid-crisis takes toll

    The Cyprus General Government generated a deficit of €73 million or 0.4% for the period of January – April 2020, reflecting the adverse consequences...

GDP growth rate at 0.8% in Q1 2020, CyStat estimates

    GDP growth rate in Cyprus based on seasonally and working day adjusted data in real terms in the first quarter of this year is...

Cyprus deposits down, loans rise in April

  Deposits were down while loans were up in April 2020 according to data the Central Bank of Cyprus published on Friday. In particular, according to...

Cyprus-Greece electricity interconnection through Crete ready by December 2023

  EuroAsia Interconnector, the official Project Developer of the European Project of Common Interest (PCI 3.10 Israel Cyprus Greece-Crete) warmly thanks the governments of Cyprus...

Cyprus to experience “serious recession” in 2020, Central Bank Governor says

  Central Bank of Cyprus Governor Constantinos Herodotou, has said that he expects the country’s economy to experience a “serious recession” in 2020 due to...

8 international companies bid to oversee largest energy project in Cyprus

    The Natural Gas Infrastructure Company (ETYFA) has announced that eight proposals were submitted in the tender submission stage to select the Owner’s Engineer team...

Cabinet approves EastMed pipeline agreement

Cabinet on Thursday approved the ratifying law for the intergovernmental agreement of the EastMed pipeline, a gas pipeline project connecting the gas reserves of...

NPLs in the Cyprus banking system decline below €9 billion

Non-performing loans (NPLs) in the Cypriot banking system declined to €8.97 billion in the end of 2019, with the NPL rate amounting to 27.9%...

‘Fiscal package in line with EU framework and government’s capacity’ government says

The new financial stimulus package to be unveiled on Wednesday in response to the impact of the pandemic on the economy, is in line...

BoC: Covid-19 presents an “unprecedented external economic shock”

  The coronavirus outbreak is first and foremost a health crisis, presenting an unprecedented external economic shock, Bank of Cyprus’ Chief Executive Officer Panicos Nicolaou...

Economic sentiment deteriorates significantly in May

    In May 2020, economic sentiment in Cyprus deteriorated further as the Economic Sentiment Indicator (ESI-CypERC) decreased by 4.1 points compared with April 2020, due...

Suspended credit facilities in Cyprus rise to €1.19 billion on May

Suspended credit facilities at the request of borrowers on May 8 amounted to €1.19 billion from €894 million on April 24, according to data...

Limassol company disinfects PASYKAF premises as part of CSR initiative

    As part of Hygeia Disinfecting Services corporate social responsibility strategy to support the community in the fight against COVID-19, the company disinfected the 250...

Government discuss measures and incentives to reboot economy

  The government discussed measures and incentives to reboot the economy with the Economy and Competitiveness Council at the Presidential Palace, as restrictive measures to...

Invest Cyprus: Cyprus remains a safe tourist destination

Speaking during an online discussion entitled Commonwealth Tourism During the COVID-19 Lockdown: Immediate Responses and Future Opportunities, Invest Cyprus CEO George Campanellas outlined the...

Revenue from tourism down by 73.5% in March

Revenue from tourism dropped by 73.5% in March 2020, according to the results of the Passenger Survey announced by the Statistical Service of Cyprus. As...

EU: Cyprus retains capacity to service ESM debt, challenges have increased

The European Commission has concluded that "Cyprus retains the capacity to service its ESM debt, but challenges have increased as a result of Covid-19". It...

Salamis Filoxenia: No cruises this year

The Salamis Filoxenia will not carry out any cruises this year, but will remain at Limassol port. In an announcement on the Cyprus Stock Exchange,...

Hellenic well-placed to tackle the coronavirus outbreak, CEO says

Hellenic Bank, Cyprus second largest lender, announced net profits of €108 million for 2019 with its Chief Executive Officer, Ioannis Matsis, stating that the...

President urges party leaders to approve state guarantees bill

President Nicos Anastasiades told political party leaders on Monday that the government has submitted its final proposal regarding the bill on state-guaranteed loans and...

Tourist arrival survey was not conducted in April 2020

FILE PHOTO Cyprus' Statistical Service announced on Monday that it will not be publishing its Passengers Survey for April 2020 due to the flight ban...

Top Stories

Trump says protesters would have met ‘vicious dogs’ if White House fence breached

U.S. President Donald Trump on Saturday said demonstrators protesting the death of a black man who died after a white police officer knelt on...

Paphos: Police publish photos of stolen valuables

  Police have found jewellery, watches and other valuables in the possession of a 22 year old and a 15 year old who are under...

Protests flare around the United States over Minneapolis killing

Violent protests flared overnight in several U.S. cities as demonstrators vented their anger over the killing of George Floyd, a black man who died...

Just one new Covid-19 case on Saturday; total at 943

  One person has tested positive for coronavirus from a total of 2061 tests, the Health Ministry said on Saturday, bringing the total since the...

Paphos: 10 hotels to reopen in June

  Ten of the 57 hotels in the Paphos district are expected to reopen in June, the president of the Paphos branch of the Cyprus...

Taste

Local cuisine: An introduction

Rich in fresh ingredients and tasty herbs, offers the very best of Mediterranean culinary delights. Head out to a tavern and feast on a...

Spiced lamb with beetroot salad and scented yoghurt

Lay the lamb on a tray, skin side down. Rub with crushed garlic, sprinkle with spices and ground pistachios, wrap in plastic wrap and...

Easy seafood pasta with white wine sauce

Ingredients: 2-3 tbsp olive oil 1 garlic clove, chopped 2-3 tablespoons of whipped cream 1/3 cup white wine 300g spaghetti, roughly broken 300-400g of...

Traditional salads that will blow your mind away

This traditional salads will make you actually love salads! Cyprus may be famous for souvla and kleftiko but if you try the traditional salads with...