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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...

No taxes for sales of mortgaged real estate

Borrowers who sell real estate to reduce or repay their loans on the free market will be eligible for tax relief, extending a regime...

‘End’ of foreign presence for Cyprus banks

Bank of Cyprus has signed a binding agreement to sell its subsidiary bank in the UK after 63 years of operations, effectively ending of...

Murdoch’s Fox ups Sky bid to $32.5 billion, all eyes on Comcast

Rupert Murdoch's 21st Century Fox has raised its offer for Britain's Sky in an agreed deal valuing the pay-TV group at $32.5 billion, seeing...

House prices record second largest quarterly decrease in EU

House prices in Cyprus decreased by -1.8% in Q1 2018 compared to the Q4 2017 but increased by 3.7% compared to Q1 2017, according...

Ten changes for fast track foreclosures

Both banks and ‘strategic bad payers’ face new rules for debt management after the new laws voted by the parliament. There are ten main...

Bank of Cyprus UK sold to Cynergy for €117m

Bank of Cyprus said on Tuesday that it has signed a binding agreement to sell its wholly owned subsidiary bank in the UK, Bank...

Registration of motor vehicles up 17.6% in January-June

The total number of registration of motor vehicles increased by 17.6% to 26,059 in January-June 2018, from 22,157 vehicles in the same period of...

President says has full confidence in finance minister

President Nicos Anastasiades said on Monday that he has full confidence in Finance Minister Harris Georgiades who he said bore no responsibility for the...

Fin Min: House vote puts end to deposit withdrawals from CCB

Finance Minister Harris Georgiades said on Monday that yesterday's approval of state guarantees for Hellenic Bank's deal with the Cyprus Cooperative Bank has ended...

Co-op deal to cost €15,364 for each household

With its approval of state guarantees for Hellenic Bank, the House of Representatives effectively set in motion the implementation of Hellenic's deal with the...

UX Art Space by Lexus opens in Lisbon

Lexus Europe has chosen Lisbon to host the UX Art Space by Lexus, a pop-up gallery illustrating Lexus’ ambition to move beyond automotive as...

Top Stories

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...

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...

Shops closed for Holy Spirit Monday

The Labour Ministry said today that all general shops will remain closed for the public holiday of Whit Monday (Kataklysmos) on June 8. It added...

Kindergartens, special schools open on June 9

  Public and private kindergartens reopen on June 9, the Education Ministry said on Wednesday, citing an earlier decision by the Council of Ministers. Their operation...

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...