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Total loans increase by €2.8 mln in January, after suspension of loan installments ends

Total loans in January 2021 recorded a net increase of €2.8 million, compared with a net increase of €583.7 million in December 2020, according to...

Cyprus, Germany amend Convention for Avoidance of Double Taxation

Cyprus and Germany signed on Friday a protocol amending the Convention for the Avoidance of Double Taxation with respect to Taxes on Income and...

Subsidies of loans to be extended until end of 2021

Finance Minister Konstantinos Petrides said that the Finance Ministry will extend until the end of 2020 the Plans Subsidizing Interest Rates for New Housing...

Tourist arrivals to Cyprus drop annually by 95.5% in January 2021

The arrivals of tourists to Cyprus reached 3,889 in January 2021, recording a decrease of 95.5% compared to January 2020, during which 85,622 arrivals...

Government announces new housing schemes and incentives

New housing schemes and incentives with an emphasis on rural areas and young people were announced on Wednesday by the Government. The schemes, which...

Pressure on owners for reduction of rents

Since people are going through the third phase of restrictions imposed due to COVID-19, owners of properties are under pressure to reduce rents, since...

Finance Minister: GDP-growth data confirm soundness of government policies

The data concerning the real GDP growth rate in 2020 confirm the soundness of the government policies to support businesses and employees as well...

Cyprus economy shrinks by 5% in 2020 against projections for deeper recession due to pandemic

The Cypriot economy contracted by an annual 5% in 2020 beating projections for deeper recession amid the coronavirus pandemic, according to a flash estimate...

Finance Minister: Cyprus to begin reducing its debt and cash reserves as pandemic normalises

Cyprus Minister of Finance Constantinos Petrides told CNA that the government will begin reducing public debt, increased due to strategic cash reserves, when the...

Bad loans in Cyprus down by €17 million at the end of October 2020

A further drop of €17 million was recorded in total non-performing loans in October 2020 compared to the end of September 2020. According to an...

European Commission predicts impulsive travelling in 2021

Through their predictions that were released yesterday, the technocrats of the European Commission expressed the view that given the uncertainty existing due to the...

EU economy to reach ‘end of the tunnel’ in 2022, Commission forecasts

The European Union's GDP should return to its pre-pandemic level by 2022 if the bloc's members and institutions avoid "premature withdrawal of supportive policies",...

Finance Minister: EU Commission forecast on Cyprus converges with Government projections

The European Commission winter forecast converges with the government’s macroeconomic projections, the Cypriot Ministry of Finance has said. The EU Commission in its winter forecasts...

European Commission expects 3.2% & 3.1% growth for 2021-22 for Cyprus

The European Commission expects the economy of Cyprus to grow by 3.2% and 3.1% for 2021 and 2022 respectively, against a recession of 5.8%...

Government employment in January up by 0.8% in Cyprus due to temporary hiring

The total government employment in January 2021 increased by 440 persons or 0.8% year on year due to the hiring of  temporary employees, data...

Delivery and e-commerce supported market during January lockdown

It seems that the January lockdown did not affect consumption which continued at good levels, according to banking sources. The same sources explained that the...

Freight transport declines sharply due to Covid lockdown measures

Domestic freight transfers declined marginally in third quarter of 2020, while freight transports to and from Cyprus marked a steep reduction reflecting the restrictive...

Beer sales in January drop sharply due to lockdown measures

Beer deliveries in Cyprus dropped sharply in January of 2021 affected by the three-week lockdown measures imposed in early January as well as closed...

Big developments without any study

The Environmental Authority re-examined the approved Local Plans of Tseri and Area South of Nicosia (Dali and communities of Nisou, Pera Chorio, and Agia...

New player in Larnaca-Athens itineraries

The Sky Express Company dynamically continues the expansion of its network with new itineraries and by upgrading of its fleet, with new Airbus A320Neo. At...

Cyprus’ imports and exports decline significantly in 2020

Cyprus’ trade deficit was €4,799.3 mn in 2020 compared to €5,063.1 mn in the corresponding period of 2019 οn the basis of provisional data...

Top Stories

Saudi de facto ruler approved operation that led to Khashoggi’s death: U.S.

  Saudi Arabia's de facto ruler approved an operation to capture or kill murdered journalist Jamal Khashoggi in 2018, according to a released U.S. intelligence report as...

Clear skies today, close to mid-25, rain tomorrow

  A high pressure system is affecting Cyprus, an early spring promise of higher temperatures and warmer weather. Tomorrow however will mark the end of this...

272 new cases of COVID-19, no deaths announced on Friday

The Health Ministry announced 272 new Coronavirus cases out of 43,958 PCR and rapid antigen tests on Friday, 26 February, taking confirmed infections to...

Where to get a rapid test on Saturday, 27 February

Aiming at the continuous surveillance of the community and the workplaces, the free programmes of rapid antigen testing of the general population and employees...

Veterinary services deny they refused assistance to ship with cattle

Christodoulos Pipis, director of the Veterinary Services denied claims that the Republic of Cyprus refused assistance to “Elbeik” ship which is carrying 1,776 cows...

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...