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Bad loans in Cyprus at €19.9 billion at the end of April 

  Bad loans stood at €19.9 billion at the end of April, data released on Thursday by the Central Bank of Cyprus show. The Cyprus Central...

Ministry seeking solutions for trapped buyers

The Finance Ministry is in contact with banks and land developers as it seeks a final solution to the problem of trapped property buyers. Previous...

200 CCB employees sign up for early retirement plan

The Co-operative Cyprus Bank's voluntary redundancy plan was relatively well received two days after it was announced to 2,660 employees. The aim is for...

Cyprus and Egypt reach agreement for natural gas pipeline

Cairo and Nicosia have reached an agreement for the construction of a pipeline carrying natural gas from plot 12 in Cyprus' EEZ to Egypt,...

Fresh fire against Hadjiyiannis as CCB probe continues

Former chairman of the Cyprus Co-op Bank (CCB) Takis Taoushianis said on Monday he had resigned because he had constant and important professional disagreements...

AstroBank acquires banking business of USB Bank

In line with its growth strategy, AstroBank Limited announced on Monday the signing of an agreement with USB Bank PLC to acquire the banking...

SSM: Banks will receive clear supervisory targets for existing NPL’s

Interview with Sabine Lautenschläger, Member of the Executive Board of the ECB and Vice-Chair of the Supervisory Board of the ECB, conducted by Anja...

Co-op’s Hadjiyiannis under fire as committee of inquiry begins probe

A committee of inquiry set up to probe the collapse of the co-op launched public hearings on Friday with the two first witnesses both...

Registered unemployed falls an annual 21.7% in July

The number of registered unemployed in July fell to 24,803 -- down 21.7% over the same month last year, the Statistical Service said on...

Deutsche Bank reports show chinks in money laundering armour

Deutsche Bank has uncovered shortcomings in its ability to fully identify clients and the source of their wealth, internal documents seen by Reuters show,...

Chinese Jim Chang Group opens its headquarters in Paralimni 

  Chinese Group Jim Chang Global Holding has officially its headquarters in the coastal town of Paralimni. Addressing the event on Thursday evening, Paralimni Mayor Theodoros Pyrillis...

BoE’s Carney sees “uncomfortably high” risk of no-deal Brexit

Bank of England Governor Mark Carney said on Friday Britain faces an "uncomfortably high" risk of leaving the European Union with no deal, comments...

Paphos first in Co-op ‘red’ loans

The co-op is saddled with NPLs, with efforts to reduce them missing their target, a report by the unit responsible for the state's stake...

Banks stepping up foreclosures

Banks are stepping up foreclosures with a number of announcements in the print media announcing auctions in the wake of new legislation aimed at...

Central Bank says has no say in bank fees amid complaints from consumers, unions

The Central Bank has no say in bank fees, its spokeswoman Aliki Stylianou told CyBC radio on Friday amid complaints from consumers and trade...

Apple breaches $1 trillion stock market valuation

Apple Inc on Thursday became the first $1 trillion publicly listed U.S. company, crowning a decade-long rise fueled by its ubiquitous iPhone that transformed it...

Sterling weakens after BoE caution on more rate hikes, Brexit risks

The pound extended losses on Thursday after the Bank of England raised interest rates from crisis era lows but Governor Mark Carney expressed caution...

Inflation reaches 2.3% in July

Inflation in July 2018 amounted to 2.3% compared with the respective period of 2017, remaining in positive territory for the third consecutive month, according...

Higher bank charges in move to promote e-banking

New fees were announced by the Bank of Cyprus, effective as of August 1: fees have been increased for cheque transactions and services provided...

Cyprus businesses need incentives and financial support to improve energy efficiency

Cyprus businesses need incentives and financial support to improve energy efficiency, according to a survey conducted by the Cyprus Energy Agency, on behalf of...

Households one-year deposit rates in Cyprus decline below 1% for the first time

Interest rates for household deposits with up to one year notice dropped to 0.95% in June, declining to a new historic low record, according...

Top Stories

Repatriates make 7 out of 8 new coronavirus cases reported today

Repatriates made 7 out of eight new coronavirus cases reported today by the health ministry out of a total of 1953 tests, raising the number...

It’s merciless-Major blaze near the Panayia Evangelistria chapel in Xylofagou

  It's been a very difficult day for the fire and forestry departments as more than a dozen fires broke out all over Cyprus. A major...

Second fire at Diorios-Kapouti area in north-6th front today

  A second fire has broken out in the Diorios-Kapouti area in the Turkish-occupied north, a week after a massive blaze caused major destruction in...

Malta-Greece top low risk, Switzerland-Czech Republic higher risk for visitors to Cyprus

The Health Ministry announced the results of an epidemiological risk assessment, in an attempt to classify low and higher risk countries, when international airports...

Major Achna fire under control after burning farms, animals and tractors (update)

  A dramatic effort by a strong ground fire fighting force, a Russian Gamov helicopter and dozens of locals, brought a major blaze in the...

Taste

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...

“Frappe” Greek iced coffee

Frappé coffee (also Greek frappé or café frappé Greek: φραπές, frapés) is a Greek foam-covered iced coffee drink made from instant coffee (generally, spray-dried...

A guide of Summer fruits from Cyprus

Cyprus summer love! Cyprus summer fruits! So, what are the summer fruits which can be bought in Cyprus? Watermelon A Cypriot summer is not complete without...

Stuffed vine leaves with artichokes (Lenten)

Blanch the vine leaves in hot water. For the stuffing, finely chop the artichokes and the onions and sauté in olive oil until translucent....