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Legal saga over Olympic Insurance’s liquidation

There is no end in sight for the legal battle over a bid to place Olympic Insurance Co. Ltd under liquidation and for insolvency...

Frou-Frou invests in world’s largest companies

Frou-Frou biscuits and snack food are a trademark both in Cyprus and abroad but in addition to their manufacture and distribution the Group is...

Want a taxi? : Shop yourself taxi app aims to fill a gap

Summer is effectively here and temperatures are catching up.  If you want to control how you move on the island whatever’s happening with your...

Melco CEO Lawrence Ho attends 2nd Belt and Road Forum for International Cooperation in Beijing

Melco Group chairman and CEO Mr. Lawrence Ho attended the 2nd Belt and Road Forum for International Cooperation in Beijing, China, with Melis Shiacolas,...

Drastic structural changes at ΜΤΝ

2019 is the year of drastic structural changes for MTN which is one of the largest telecommunications providers in Cyprus. And all this because...

Power games over Hellenic’s new board

One and a half months before June 26’s annual general meeting of Hellenic Bank and the new group of main shareholders have embarked on...

Increase of 97% in student housing

Student housing in Cyprus is on the rise, according to the latest KPMG Cyprus report. Specifically, the recorded increase in just one year, between...

Tesla to raise $2 billion from share, debt issues

Tesla Inc said on Thursday it had filed with regulators to launch around $2 billion in fundraising through issues of new shares and debt,...

Investment of Cypriot-owned businesses in Egypt reaches 400 million dollars

The presence of companies linked to Cypriot interests in Egypt is deemed as particularly important, since, according to reports in the local financial press,...

Private jet users on the rise

More and more people choose to travel on a private jet these days. It is a trend which appears to be on the rise,...

Hellenic: Profits by Co-op bank’s absorption

Hellenic Bank's fourth quarter 2018 financial results provide an initial but fairly indicative picture of how the absorption of Cyprus Co-op Bank will affect...

Options for housing loans in Cyprus

The island’s credit institutions have very attractive housing loan schemes on offer for young people who want their own roof but don’t have the...

Bank of Cyprus, Hellenic the island’s market leaders

Bank of Cyprus and Hellenic are the two major players in the island’s banking sector holding the vast majority of deposits in their portfolios...

Hellenic Bank: Profits and lower NPEs in 2018

Hellenic Bank on Thursday announced after tax profits of €320.0 million for 2018, saying last year marked the beginning of a new era. CEO Ioannis...

Indian businesses interested in investing in Cyprus

The Cyprus Investment Promotion Agency (Invest Cyprus), recently held a business breakfast for Indian companies operating in London. Invest Cyprus said the business breakfast fell...

No date for submission of ‘Estia’ applications set yet

The date for submission of applications for participation in the ‘Estia’ home scheme has yet to be decided. And everything seems to depend on...

AstroBank-National Bank of Greece subsidiary takeover still pending

Final agreement is still pending even though AstroBank is in advanced negotiations with the board of National Bank of Greece to acquire its subsidiary in...

Free coaching to SMEs by EBRD

The European Bank for Reconstruction and Development (EBRD) has announced a call for expression of interest for the Business Clinics Programme. This is designed...

Cypriots choose to celebrate Easter abroad

Cypriots seem to be spreading their wings this year and despite the apparent rise in air fares they are keen to celebrate Orthodox Easter...

Twitter reports surprise quarterly user growth, revenue beats

Twitter Inc on Tuesday posted better-than-expected first-quarter revenue and a surprise rise in the number of monthly active users, a sign that the social...

London Metal Exchange to ban brands not responsibly sourced by 2022

The London Metal Exchange (LME) on Tuesday launched an initiative that could see it ban or delist brands that are not responsibly sourced by...

Top Stories

Two new cases, total now 939

Two new coronavirus cases were reported today by the health ministry, the same number as yesterday, from a total of 2214 tests, raising the...

Health inspectors fine 12 businesses

    Twelve businesses have been fined for failing to comply with a provision in the decree requiring their employees to undergo a coronavirus test before...

Labour Minister: €219 million paid to 180,000 beneficiaries

    A total of  €219 million has been paid to some 180,000 beneficiaries under the first and second phases of the support schemes introduced to...

Ministry issues new instructions for private tutorial centres

  Following the announcement by the Ministry of Education of May 20 on the reopening of Private Tutorials/Private Educational Centres, the ministry on Tuesday reissued...

Recovery rate of Covid patients at 63.7% as of May 24 (infographics)

The recovery rate of Coronavirus patients in Cyprus stands at 63.7% as of May 24, according to new data released by the Health Ministry...

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...