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Fast-track processing of citizenship by investment applications

The government has called for the fast-track processing of citizenship by investment applications so as to give the Cyprus economy a boost, Phileleftheros reports. Despite...

Russia’s bid to raise tax revenue a blow to Cyprus

Moscow is determined to repatriate Russian capital and increase tax revenue and a shocking measure announced by the country’s leader last week is aimed...

How European Banking Supervision can help fight economic impact of coronavirus outbreak in Europe

By Andrea Enria, Chair of the Supervisory Board of the ECB These are dramatic days for Europe and its citizens. The coronavirus outbreak has severely...

Economic sentiment deteriorates in March reflecting the initial impact of Covid-19

Economic sentiment in Cyprus deteriorated markedly in March 2020, as the Economic Sentiment Indicator (ESI-CypERC) decreased by 12.1 points compared with February 2020, reflecting...

Fiscal package of economic measures against coronavirus before House plenum

A national fiscal package of measures to counter the economic consequences of the coronavirus epidemic in Cyprus goes before the House plenum for approval...

Russia’s Putin drops a bomb on dividend payments

Russian President Vladimir Putin has shocked the business world when he announced that all interest and dividend payments leaving Russia will incur a 15%...

State to contribute towards salaries of 250,000 employees, self-employed

The Finance Ministry plans to provide the domestic market with loans up to €2 billion to maintain a security cushion. And despite the economic difficulties,...

Government wants EBA approval to freeze loan instalments by law

The government favours suspension by law of instalments payment - capital and interest –  till the year’s end but this is subject to an...

New measures being drafted to counter coronavirus economic impact

New measures being drafted by the government aim to protect employees, self-employed, small and medium-sized enterprises and those whose income is affected due to...

Banks in Cyprus under political, supervisory pressure

Banks are under political and supervisory pressure to adopt the four measures taken by the Central Bank of Cyprus aiming to mitigate the coronavirus-sparked...

State mulls €2 bil in guarantees to unlock credit to the economy amid Covid-19 crisis

The Cyprus government is considering a plan to provide state guarantees to banks amounting to €2 billion, in a bid to unlock credit to...

Coronavirus: Economy support package at least €1.5 billion

The government is close to finalising a rescue package for the economy to tackle the shockwaves brought about by Covid-19 measures, which according to...

Coronavirus: Cyprus real estate sector already hit

March is a very difficult month for the real estate market in Cyprus even though it is still not easy to ascertain the consequences...

IMF sees severe impact from pandemic on global economy, but crisis temporary

The impact of the global coronavirus pandemic will be "quite severe," but a long expansionary period and high employment rates mean the global economy...

Additional support measures to boost the coronavirus-hit economy

The government is putting together additional effective support measures so as to boost the liquidity of business in Cyprus, Phileleftheros reports. The additional measure will...

Coronavirus: €302m complementary budget submitted to House

The government submitted to parliament today a complementary budget amounting to €302 million with a fiscal impact of 1.3% on GDP, as part of...

Coronavirus outbreak sparks need for urgent new software

The island’s fledgling Deputy Ministry for Research, Innovation & Digital Policy is on high alert trying to meet urgent software needs sparked from the...

Coronavirus: political parties preparing measures to support companies, workers

Just when the government is ready with the handful of bills outlining support measures to companies and employees to address the fallout from the...

Public servants to contribute to coronavirus-hit services

Public servants and wider public sector employees could be asked to contribute to other services which are being over stretched   because of emergencies created...

EIB mobilises €40 billion in funding to fight crisis caused by COVID-19

The European Investment Bank (EIB) announced it will rapidly mobilise a funding facility that may reach up to €40 billion for Cypriot and European...

“Special Leave” allowance not to exceed €1,200

Granting of “Special Leave” to parents working in the private sector for the care of children due to suspension of attendance at public and...

Top Stories

Cyprus in lockdown: All the new measures

A new decree under the Quarantine Law Act was issued today by Health Minister Constantinos  to tackle coronavirus . This is the full text of...

Israel to use computer analysis to find likely coronavirus carriers

Israel's defence ministry plans to use software that analyses data gathered from mobile phones - produced, according to Israeli media, by the spyware firm...

Exceptions to ‘one permission a day’ rule

    Tougher lockdown rules come into force at 6 am on Tuesday, with members of the public only allowed to send one SMS to leave...

Man who assaulted police during check jailed for 20 days

The Limassol District Court sentenced a 30 year old man from Georgia on Monday to 20 days in jail for assaulting police officers last...

Cyprus tightens lockdown-UPDATE

Permission to leave the house will be limited to once a day and gatherings at houses will be restricted only to its residents, under...

Taste

Village olive pie

Mix the yeast with the lukewarm water and put it aside for about 12-15 minutes to settle.  Sift the flour with the salt into...

Skordalia (Garlic paste)

Rinse the potatoes and place, unpeeled, in a saucepan. Cover with water, add salt and allow to simmer for 20-30 minutes until soft. Drain,...

Village salad

A must-have with every meal is a village salad. You will find it in every tavern or greek restaurant you visit in Cyprus. Make...

Courgettes with eggs

Heat the oil in a frying pan and fry the courgettes at a medium heat until they soften. Add salt and add the eggs....