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Finance Minister: No lockdown forseen in 2021 state budget

Minister of Finance Constantinos Petrides called on MPs to approve the 2021 state budget given the critical moments facing Cyprus due to the coronavirus...

Residents of Cyprus travelling abroad drop by 80.3% in September 2020

A total number of 26,111 residents of Cyprus returned from a trip abroad in September 2020, compared to 132,409 in the corresponding month last...

Tourist arrivals drop 83.4% in September 2020

he arrivals of tourists reached 87,334 in September 2020 compared to 524,707 in September 2019, recording a decrease of 83.4%. According to the Cyprus Statistical...

CBC Governor requests additional AML checks following new Al Jazeera revelations

Constantinos Herodotou, Governor of the Central Bank of Cyprus (CBC) has instructed the CBC’s anti-money laundering unit to carry out additional checks in the...

Minister: End of investment scheme has impact on economy

The abolition of the Cyprus Investment Scheme will affect the economy, but new measures are in the pipeline to boost the economy, Ministry of...

British Airways Customer Excellence Award for Parklane, a Luxury Collection Resort & Spa

Parklane, a Luxury Collection Resort & Spa in Limassol is delighted to announce that it has received a British Airways Customer Excellence Award for 2019. ...

Increase of credit card use at kiosks, bakeries

Kiosks, bakeries and restaurants saw an increase in credit card transactions, according to figures published by JCC for the period until 30 September 2020. According...

Cyprus budget deficit for 2020-2023 forecasted due to coronavirus

The island's Ministry of Finance forecasts a budget deficit for the period 2020-2023 and an increase in public debt as a percentage of GDP...

House prices in Cyprus up by 5.0% in the euro area

In the second quarter of 2020 house prices, as measured by the House Price Index, rose by 5.0% in the euro area, by 5.2%...

Unemployment rate soars in September 2020

Unemployment in September 2020 increased by 81%, compared to the same month last year, according to data released on Tuesday by the Statistical Service...

Cyprus’ current account balance improves

The current account balance of Cyprus in the second quarter of 2020 recorded an improvement. At the same time, the international investment position (IIP)...

Fitch Ratings affirms Cyprus rating at `BBB-` with a Stable Outlook

Fitch Ratings has affirmed Cyprus`s Long-Term Foreign-Currency Issuer Default Rating (IDR) at `BBB-` with a Stable Outlook. In a press release Fitch says that Cyprus`s...

Euro area annual inflation is expected to be -0.3% in September 2020, -1.9% in Cyprus

Euro area annual inflation is expected to be -0.3% in September 2020, down from -0.2% in August according to a flash estimate from Eurostat,...

Employers – clients determine working time of 74% of workforce in Cyprus

In 2019, the employer, organisation or clients mainly decided on the working time of almost 118 million of the 194 million employed people aged...

Total petroleum product sales record 24.6% decrease in August this year

In August 2020, the total sales of petroleum products amounted to 94,951 tonnes, recording a decrease of 24.6% compared to August 2019. According to the...

Industrial Production Index records 5.4% decrease in July this year

The Index of Industrial Production for July 2020 reached 144.2 units (base 2015=100), recording a decrease of 5.4% compared to July 2019. According to the...

Revenue from tourism drops by 89.9% in July this year

Revenue from tourism in July 2020 reached €42.5 million compared to €422.0 million in the corresponding month of the previous year, recording a decrease...

Recovery of EU Economic Sentiment continues at slower speed

In September 2020, the recovery of the Economic Sentiment Indicator (ESI) continued, albeit at a somewhat slower speed. Registering still noticeable increases in the euro...

Economic sentiment in Cyprus deteriorated slightly this September

In September 2020, economic sentiment in Cyprus deteriorated slightly as the Economic Sentiment Indicator (ESI-CypERC) decreased by 1.0 point compared to August 2020. According to...

Retail trade in Cyprus shows signs of recovery

Retail trade in Cyprus excluding motor vehicles showed signs of recovery reflecting the increase of economic recovery following the lifting of restrictions to combat...

Deposits rise, loans continue downward path in Cyprus

Total deposits rose in the Cyprus banking sector in August with the outstanding amount reaching €47.9 billion, according to data released by the Central...

Top Stories

91 new cases of COVID-19 on Monday

The Health Ministry announced 91 new COVID-19 cases on 26 October, out of 2,285 laboratory tests, taking confirmed infections to 3,636. The break-down of new...

Bottled water withdrawn from Cyprus market

The Health Ministry is informing consumers that within the framework of the officials tests conducted in the market, the Ministry’s health services have tested...

President: Attack against Macron insults European values

In a written statement, President Anastasiades said that this attack, against the French President from the leader of a country which is candidate for...

Finance Minister: No lockdown forseen in 2021 state budget

Minister of Finance Constantinos Petrides called on MPs to approve the 2021 state budget given the critical moments facing Cyprus due to the coronavirus...

Mitsotakis-Anastasiades have working lunch

Prime Minister Kyriakos Mitsotakis on Monday had a working lunch with Cyprus President Nicos Anastasiades. According to government sources, during the lunch they discussed Turkey's...

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...