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Eurostat: Inflation in Cyprus rises to 1.7% in June 2018

Cyprus inflation rate was 1.7% in June 2018, up from 1.0% in May 2018 and 0.9% in June 2017, according to Eurostat, the statistical...

SEC warns against cash payments over €10,000

The Securities and Exchange Commission has warned that accepting cash of €10,000 or more for precious stones, vehicles, works of art or antiquities is...

Co-op: stalemate in negotiations over employees’ compensation

The Co-operative Bank of Cyprus and unions representing its staff have not been able to reach an agreement for a voluntary retirement scheme for...

Government announces bond issuance through private placement 

The Public Debt Management Office has announced the issuance of five  government bonds for a total nominal amount of €3,19 billion maturing between 5...

Strong US interest on LNG terminal

US company Petrogress Inc., having set up a subsidiary in Cyprus with plans to establish of an energy port in Vassilikos in cooperation with...

46% of Toyota Motor Europe (TME) sales in H1 are self-charging hybrid electric vehicles

Toyota Motor Europe today reported 2018 first half of the year sales of 560,000 Toyota and Lexus vehicles, an increase of +6% from 2017....

CCB acquisition by Hellenic to be completed by September 

  Officials from Hellenic Bank and the Cyprus Co-operative Bank (CCB) have kickstarted the process for the transfer of business of the CCB to Hellenic,...

Co-op probe committee begins document review

A committee set up to probe the collapse of the co-op said on Monday that it has sent requests for documents to a number...

Cyprus provides golden businesses opportunities for international law firms

In the past few years, foreign law firms have sealed deals exceeding €10 million with Cyprus. The firms have been working mainly on pending...

MTN Cyprus sold to Monaco Telecom for €260 m

South Africa-based mobile telecommunications company MTN Group Ltd said on Monday its Dubai subsidiary has sold 100% of MTN Cyprus to Monaco Telecom SA...

Moody’s says sale of Bank of Cyprus UK is credit positive

Moody’s has described the sale of Bank of Cyprus subsidiary, Bank of Cyprus UK, as credit positive, noting that the sale would place Bank...

EU court rejects claims for compensation for 2013 haircut

The Court of Justice of the European Union has rejected claims for compensation brought by several individuals and companies in relation to the restructuring of...

Cypriot banks profitable after 7 years of losses

After seven years of losses and a period of recovery from the financial crisis, Cypriot banks have made some notable gains: According to data...

One in two property buyers are non-Cypriot

One in two property buyers in Cyprus are foreigners, with the majority of them non-EU citizens, according to the latest figures released by the...

Greek-Cypriots visit occupied areas for cheap fuel and holidays

Rising prices in Cyprus have changed the ways in which Greek-Cypriots spend their money in the occupied areas: in the past few months, most...

Cyprus’ trade deficit at €1.7 billion in the first five months of 2018

Cyprus' trade deficit was recorded at €1.72 billion in the first five months of 2018 compared to €2.16 billion in the same period of...

EU sees Cyprus economy expanding by 3.6% in 2018

The European Commission on Thursday said it expected the Cyprus economy to grow by 3.6% in 2018, on the back of a nine year...

No dent in construction industry’s NPLs, despite high-rises and visas

Problem loans in the construction sector remains very high, despite the various incentives given to investors, ranging from granting Cypriot citizenship to foreigners, licensing...

NPLs down by €653 million in first quarter 2018

Non-performing facilities (NPFs) decreased further by €653 million or 3.2% in the first quarter of the year, compared to December 2017, the Central Bank...

Tourism revenue declines in April, up for period January – April 

Revenue from tourism decreased in the fourth month of 2018 but showed an increase in the first months of the year, Cystat reported on...

CCB deal set to change Hellenic and its future potential, CEO tells AGM

The agreement for the acquisition of certain assets and liabilities of the Cyprus Co-operative Bank (CCB) will completely change Hellenic Bank and its future...

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....