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13th month salary not certain in private sector

Due to the COVID-19 pandemic many companies in the private sector are unable to pay 13th month salary to their employees who are contacting...

George Soros:  Individual EU member states should issue perpetual bonds

In a new Project Syndicate article, Mr. Soros argues that his previous proposal that the EU should issue perpetual bonds is now impossible because of a...

Cyprus shipping proved resilient amidst the Covid-19 crisis

The Cyprus shipping industry has proved resilient amidst the coronavirus pandemic and the aim is for the sector to grow even further in the...

NPLs in the Cyprus banking system down by €132 million in July

Non- Performing Loans (NPLs) in the Cyprus banking system dropped by €132 million continuing their downward trajectory, assisted by disposals as well as the...

6.5-million-euro-deal for school in Paphos

APS, on behalf of the Hellenic Bank reached an agreement with a consortium of Cypriot and foreign investors for the sale of school facilities...

Economic sentiment records slight drop in November

Economic sentiment in Cyprus deteriorated slightly in November, a business survey by the Economics Research Centre of the University of Cyprus, published on Thursday,...

Cyprus registers unemployment of 8.2% in Q3 2020, CyStat says

Unemployment in the third quarter of this year reached 8.2% compared to 6.7% in the third quarter of the previous year, data released by...

Economic sentiment in Cyprus deteriorates slightly in November

Economic sentiment in Cyprus deteriorated slightly in November compared with last month, according to a business survey by the Economics Research Centre of the...

Cyprus’ drilling programme to resume in the second half of 2021

Cyprus' hydrocarbon exploration programme will resume in the second half of 2021, Minister of Energy Natasa Pilides has said, before admitting that the coronavirus...

2021 state budget not affected by COVID-19 developments in Cyprus

Developments in Cyprus with regard to the COVID-19 pandemic do not affect the state budget, Finance Minister Constantinos Petrides told the Cyprus News Agency...

Covid or not, house prices in Cyprus continued upward trend

House prices in Cyprus continued their upward trend in the second quarter of 2020, recording a quarterly increase of 0.9%, compared to an increase...

Cyprus trade deficit declines in January, August – affected by Covid-19

Cyprus’ trade deficit for the period of January – August 2020 declined by an annual 11.5%, with trade affected by the coronavirus pandemic. According to...

Cyprus’ proposals for EU Recovery and Resilience Facility to be finalised next week

Cyprus’ plan of proposals to receive about €968 million of funding from the European Union Recovery and Resilience Facility - Next Generation EU will...

Cyprus first EU member-state to exploit SURE financing, FinMin says

Cyprus was the first EU member-state to benefit from low cost financing by the SURE facility (Support to mitigate Unemployment Risks in an Emergency) to protect...

Cyprus wins in actual practise the trust of investment funds

MUFG Investor Services, in the context of the International Funds Summit, announced the expansion of its operations in the country. The 6th International Funds Summit,...

European Commission: Cyprus still experiencing excessive macroeconomic imbalances

The European Commission concluded today that Cyprus is still experiencing excessive macroeconomic imbalances, in particular involving a very high share of non-performing loans that...

Travels of Cyprus’ residents down by 86.2% in October

A total number of 17,295 residents of Cyprus returned from a trip abroad in October 2020, compared to 124.923 in the corresponding month last...

Tourist arrivals in Cyprus down by 76.9% in October

The arrivals of tourists reached 100,791 in October 2020 compared to 436,509 in October 2019, recording a decrease of 76.9%. According to data released Tuesday...

Astrobank: Generous voluntary departure plan

Astrobank today informed its employees about a generous voluntary departure plan. According to Insider information, the maximum compensation amount of the plan is 200,000 euros...

President hopes for opening of electricity market soon for benefit of people

Cyprus President Nicos Anastasiades has expressed hope that the opening of the market in the field of electricity will take place soon, as well...

RCB CEO Kirill Zimarin proud over bank’s development in Cyprus

RCB is in Cyprus for 25 years and it is considered as one of the systemic banks of the island. How do you...

Top Stories

318 new cases through PCR tests announced on Tuesday

The Health Ministry announced 318 new Coronavirus cases out of 3,233 PCR tests on Tuesday 1 December and another 153 out of 7,729 rapid...

Eight confirmed COVID-19 cases at Athalassa Psychiatric Hospital

Eight confirmed COVID-19 cases have been found at the Athalassa Psychiatric Hospital, five of which are residents and three staff. This became known when a...

Citizens’ Teleservice Center on COVID-19

The Deputy Ministry of Digital Policy announced the operation of the Citizens’ Teleservice Center on issues regarding COVID-19. According to the relevant announcement, the center...

Queen awards Sistema Cyprus volunteers

Her Majesty the Queen joined a video call this week with three winners of the Commonwealth Points of Light award, to celebrate their achievements...

Cypriot elected President of the European Association of Data Protection Professionals

Cypriot lawyer Maria Raphael has been elected as President of the European Association of Data Protection Professionals (EADPP), in the framework of the EADPP genaral assembly that took place...

Taste

Squash soup

Ingredients: 1 kg pumpkin, cut into small cubes, approximately 5 cups 2 medium (400g) sweet potatoes, cut into cubes, approximately 2 ½ cups 1 chopped leek, only...

Mezedes

No visit to Cyprus is complete without enjoying the traditional meal of many small dishes known as ‘meze’. This large feast, which has been a...

Prawns with fried cheese, barley shaped pasta

Put the barley shaped pasta into a small pan with salted water, bring to a boil and when tender, drain. Peal the prawns leaving...

Salmon and shrimp sheftalies

Mix all ingredients for tabbouli in a bowl and keep to one side so flavours can combine. Prepare the sheftalies: wash and soak the casing...