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CySEC launches innovation hub

The Cyprus Securities and Exchange Commission (CySEC) has announced the establishment of its Innovation Hub, designed to address and explore the rise of FinTech...

Renault, Dacia also in hands of Char. Pilakoutas Group

Renault and Dacia are to be represented by the Char. Pilakoutas Group, Philenews said on Friday, two days after it reported that the group...

Updated: Cyprus wins case against Vgenopoulos

The Republic of Cyprus has won its case at  the International Centre for the Settlement of Investment Disputes in Paris against Marfin and the...

Register set up for passport scheme advisors

As from the end of the month only registered service providers will be able to submit applications under Cyprus' citizenship for investment scheme, Phileleftheros...

3 unions endorse CCB’s early exit scheme, ETYK sees weaknesses

Trade Unions PEO, SEK and PASYDY endorsed on Thursday a voluntary retirement scheme for 900 employees of the state-owned Cyprus Co-operative Bank (CCB) in...

Internationally recognised certifications for DP World Limassol

DP World Limassol has become one of the first terminals in Cyprus to be awarded three of the most important international certifications, following the...

New securitisation law positive for Cyprus’ banking system, Moody’s says 

  Moody’s rating agency has welcomed the new securitisation framework, approved by Cyprus saying it will assist banks reduce the high stock of non-performing loans...

Large outflow of deposits in June

The uncertainty over the Cyprus Co-op Bank in June as the House mulled guarantees that was part of its deal with Hellenic took its...

Competition Commission green lights Hellenic-CCB deal

Hellenic Bank said on Wednesday that it had received received clearance from the Commission for the Protection of Competition to acquire certain assets and...

CCB offers improved take it or leave it early retirement scheme

The Cyprus Co-operative Bank has submitted an amended early retirement scheme which trade unions SEK, PEO and PASYDY  have described as improved without going...

Consumer service finds abusive clauses in Alpha Bank housing loan

The Consumer Service said on Wednesday that it had issued a decision against Alpha Bank Cyprus Ltd (former Emporiki Bank - Cyprus Ltd) for...

Char. Pilakoutas group to represent Mitsubishi in Cyprus

Mitsubishi in Cyprus will be represented by the Char. Pilakoutas Group, Philenews reported on Wednesday citing well informed sources.It said an agreement to this...

Retail trade up in first five months 2018

  Retail trade increased significantly in May, but also in the first five months of 2018, according to provisional estimates by the Statistical Service of...

SEC fines Ioannis Vardinoyiannis €6.38m

The Securities and Exchange Commission has imposed a massive €6.388.301 administrative fine on Ioannis Vardinoyianis. It also fined Amalia Vardinoyiannis €50,000, and Christodoulos Ellinas...

Consumer Protection Service rules against developers Geormaride Ltd

The Consumer Protection Service has issued an administrative decision against land developer Geomaride Ltd for abusive clauses in its sales contracts. More specifically it cited...

Cyprus Wind Energy Association proposes floating wind farm

The Cyprus Wind Energy Association has proposed to the government they look into establishing a 50 megawatt floating wind farm in the sea off...

Bloomberg: Three funds said to eye purchase of BoC bad loans

Apollo Global Management, Pacific Investment Management Co and Lone Star Funds are reported to want to buy some of a non-performing loan portfolio  valued...

5 star hotel under construction at Sotira

A €75 m five star luxury beach hotel is currently under construction in Sotira and should be completed by 2019. The project -- the five star...

ERC sees robust growth in 2018 and 2019

The Economic Research Centre of the University of Cyprus expects the economy to continue to post robust growth in 2018 and 2019 but warns...

London P&I Club Setting up Cyprus Office over Brexit

British ship insurer London P&I Club is setting up a new subsidiary in Cyprus to ensure continued access to trade in the European Union...

Co-op investigation committee to start hearing testimony on August 3

A committee of inquiry set up to probe the collapse of the co-op said on Friday that it had received a large volume of...

Top Stories

Cyprus’ unemployment in April rises to 8.9%

  Cyprus' unemployment in April rose to 8.9% from 6.7% the previous month and 7.5% in the same month the previous year, according to figures...

Cyprus public debt spikes to €24.5 billion due to Covid-19 crisis

  Cyprus General Government debt spiked to €24.56 billion according to official data in April, reflecting the large debt issuances by the Finance Ministry to...

Another 10,000 free Covid-19 tests as economy reopens

  The government will cover an additional 10,000 tests for employees of businesses that  returned to work on June 1 as part of phase two...

Finance Minister strikes optimistic note in CNBC interview

  Finance Minister Constantinos Petrides struck an upbeat note on Wednesday, telling CNBC International he was "quite optimistic" that Cyprus would have "important tourist arrivals...

MoH in call for applications to staff thermal camera posts at airports

The procurement arm of the Ministry of Health issued an invitation on Wednesday to all nursing professionals who are interested to bid for the...

Taste

Poulles (Υoung kolokassi)

Either you thrash the coriander seeds in a mortar, without making them into dust, or you gradually crush them in a blender. Remove the edges...

Pork cooked in wine

Crush the coriander seeds in a pestle and mortar or pulse-blend in a blender, taking care not to over-grind. Put the meat in bowl (not...

Lefkaritikos tavas – O ‘protinos’

Wash and dry the meat and rice separately. In a ‘tava’ (oven proof deep clay pot) first put a layer of five-six pieces of meat...

Local cuisine: An introduction

Rich in fresh ingredients and tasty herbs, offers the very best of Mediterranean culinary delights. Head out to a tavern and feast on a...