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Net new lending declines by 33% in March amid the coronavirus crisis

Net new lending in Cyprus declined by 33% in March compared with the previous month, affected by lockdown measures to curb the spreading of...

Work resumes on City of Dreams Mediterranean

  Melco has announced that construction works at City of Dreams Mediterranean resumed on Wednesday,  setting course to deliver Cyprus’ first and only licensed Integrated...

Israel, Greece, Cyprus mull tourism ‘safe zone’

With the coronavirus pandemic already taking a toll on the sector,  the Tourism Ministers of Israel, Greece and Cyprus have been discussing a proposal...

Cyprus to extend ENI/TOTAL exploration contract amid Covid-19 pandemic

The Ministry of Energy is planning to extend the exploration contracts of the Italian-French ENI/TOTAL consortium due to the impact of the coronavirus pandemic,...

Investors keen to move ahead with Larnaca port marina project

  Investors of the joint development plan for Larnaca Port and Marina have assured the town's mayor that planning is continuing and that they wish...

Doing business following a state of emergency & measures to stimulate businesses in Balkans

Eurofast is hosting a webinar on May 5 titled “Doing business following a state of emergency & measures to stimulate businesses in the Balkan...

Cyprus shipping applauds its seafarers around the world

The Cyprus Shipping Chamber, through its Member-companies, participated in a global initiative, in view of Labor Day, sounding the horns of ships in Limassol...

Aviation sector in Cyprus must be supported, says FSF-MED director

The aviation sector in Cyprus must be supported, Executive Director of the Flight Safety Foundation- Mediterranean (FSF-MED) Christos Petrou has told CNA, urging the...

Investment in alternative sectors can boost growth (opinion)

Mining industry can become a significant contributor to the Cyprus economy By Peter van der Borgh* A crisis can often teach us valuable lessons or drive...

BoC reports €70 m net loss for 2019

Bank of Cyprus, the island’s largest lender, said it will update macroeconomic assumptions underlying the IFRS9 calculations which may lead to increased organic provisions...

Spike in credit card use amid coronavirus outbreak

Cypriot consumers are increasingly turning to credit cards as opposed to traditional cash payments for their daily needs amidst the coronavirus pandemic, data by...

Survey: Foreign investors satisfied with Covid-19 response

There is a high degree of satisfaction among foreign investors in Cyprus with the measures taken by the government to tackle coronavirus pandemic. This was...

CyGas says committed to planning introduction of natural gas in Cyprus

CyGas submitted an application for the management of the Liquefied Natural Gas (LNG) facility on Friday, April 24 to the Cyprus Energy Regulatory Authority...

PwC’s Digital Fitness App now available to the public

PwC is actively supporting Cypriot businesses and society at large still in lockdown due to the Covid-19 pandemic by making its Digital Fitness App...

Energy company confirms it has proposed installation of an FRSU in Cyprus

Hoegh LNG has confirmed it has submitted a proposal for the installation of a Floating Storage Regasification Unit (FRSU) in Cyprus and has sent...

Limassol port as an engine of economic growth (opinion)

By Nawaf Abdulla* From the initial stages of Covid-19 outbreak, it became apparent that a wide range of sectors would be affected, some in greater...

Vouchers with €80 million in state guarantees for tourists

The Cabinet approved on Thursday a bill that allows tourist businesses to offer their customers compensation in 18-month vouchers aiming to keep travel agencies...

Pre-lockdown, few Cypriots worked from home

Social distancing measures have led many of us to work from home during the coronavirus pandemic, but Eurostat figures show that this was very...

Support scheme for workers to be expanded

More businesses will be able to benefit from government schemes that allow employees to claim special unemployment allowances because of lower turnover resulting from...

Goal is to offer more e-services to citizens and businesses

Deputy Minister for Research, Innovation and Digital Policy Kyriacos Kokkinos has told CNA that the newly established Deputy Ministry will be focusing on preparations...

Online sales continue to grow for EU enterprises

Only 13% of companies in Cyprus had online sales above 1% of their turnover in 2018, figures published by Eurostat on Monday show. This was...

Top Stories

Anastasiades unveils new package to boost economy

  President Nicos Anastasiades on Wednesday announced a new package of 10 measures to help the economy through the coronavirus crisis that includes liquidity, guarantees...

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%...

Prodromou says no intention to discriminate against disabled pupils, asks parents to work with experts on solutions

Education Minister Prodromos Prodromou addressed anew on Wednesday the backlash that followed an announcement on May 20 that children with disabilities were not to...

No new Covid-19 cases on Wednesday

  There were no new Covid-19 cases in Cyprus on Wednesday the Health Ministry said, only the second time of zero cases since the start...

Paphos most booked holiday destination for Britons in April, May 2021

  Paphos is the most booked destination for British holidaymakers in April and May next year, the Daily Mail reported on Wednesday citing data collected...

Taste

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...

Honey Balls

As you stroll down Onasagorou street in the old city of Nicosia and suddenly feel the need for something sweet, follow the smell of...

Octopus with Oregano

Ingredients: (Serves 4) 1 kg octopus ½ tsp dry oregano Pepper 3 tbsp olive oil 2 tbsp vinegar or lemon juice Preparation: Clean the octopus thoroughly under cold running water. Place the octopus...

Fish meatballs

In a bowl, mix the finely chopped onion and parsley. Boil the fish, cut into small pieces and add to the bowl. Add salt...