Home Insider Economy

Economy

Turnover value index of Wholesale and Retail Trade rises by 7.6% in Q3

The Turnover Value Index of Wholesale and Retail Trade and Repair of Motor Vehicles for the period July-September 2019 increased by 7.6% According to figures...

Labour Ministry to provide online payment training

Labour Ministry officers will go from one end of Cyprus to another as part of a campaign to train the public on carrying out...

UK names Andrew Bailey as new Bank of England governor

Britain's new government named Andrew Bailey as the next Bank of England boss on Friday, entrusting one of the City of London's most experienced...

Jobs of the future

The business world is changing rapidly and Cyprus has to be in alignment rather than an exhausted follower, according to analysts. Keeping ahead of trends...

Labour accidents in Cyprus on the rise

Labour accidents in Cyprus are on the rise and some workers are high risk, according to Ministry of Labour data which shows the seriousness...

Slight increase in Cyprus broad public sector employment in Q3

Total employment in the Broad Public Sector in Cyprus in the 3rd quarter of 2019 reached 66,846 persons, recording a slight increase compared to...

Sweden ends five years of negative rates with hike to zero

Sweden's central bank ended five years of negative interest rates on Thursday when it raised benchmark borrowing costs by a quarter point to zero,...

Depreciation of €260m for collapsed Co-op bank, so far

An amount of €120 million has so far gone back into state funds as part of repayment of government aid towards the collapsed Cyprus...

Key tourism fairs to determine fate of Cyprus’ peak season

The participation of the Deputy Ministry of Tourism in three highly-important tourism fairs will be a crucial test for the Mediterranean island’s upcoming peak...

Debate over EU regulation on online intermediation services begins on Friday

An EU regulation on promoting fairness and transparency for business users of online intermediation services has to be adopted into Cyprus law within six...

NPEs in Cyprus banks down to €9.7 billion in July

Non-Performing Exposures (NPEs) in Cyprus banking sector, recorded a decrease by €27 million, to €9.68 billion in July 2019, compared to the previous month,...

Pound and stocks flop as Brexit fears resurface

European stocks skidded off record highs and sterling dropped more than 1% on Tuesday, as reports that Britain's prime minister was ready to play...

Shadow economy in Cyprus on the rise

The shadow economy in Cyprus is on the rise and certainly much higher than the European Union’s average, according to IMF’s report “Explaining the...

EU trusts Cyprus shipping industry, says Deputy Minister

Nicosia has warmly welcomed Monday’s decision by the European Commission to adopt the prolongation of the  tonnage tax and seafarer scheme in Cyprus. "The prolongation of...

Job vacancies in Cyprus decrease in third quarter of 2019

The number of job vacancies in Cyprus in the 3rd quarter of 2019 reached 7,130 and decreased by 537 or 7% compared to the...

Party budgetary cuts were much ado about nothing  

Much ado about nothing is how one can describe political party amendments in regard to cutting funds from the island’s recently approved 2020 state...

ESMA wants more effective Cyprus supervision on suspicious transactions

A peer review report by the European Securities and Markets Authority (ESMA) on how national competent authorities handle suspicious transactions and order reports has found Cyprus,...

Actual Individual Consumption expressed in Purchasing Power Standards in Cyprus stood at 94%

Actual Individual Consumption (AIC, a measure of material welfare of households) expressed in Purchasing Power Standards (PPS) varied from 56% of the European Union...

Shares and sterling leap on trade and Brexit boosts

Stock markets and sterling gained on Friday as U.S.-China trade hopes and an election win for Britain's Brexit-backing Conservative Party cleared two of the...

One in ten hotels in Cyprus are five-star

Cyprus has gone through a major crisis over the recent past years but tourism development is nonetheless thriving. The recorded steady increase in tourism along...

ECB should be ‘ahead of the curve’ on digital currency-Lagarde

The European Central Bank hopes to have identified objectives for its taskforce on a digital currency by mid-2020, new ECB President Christine Lagarde said...

Top Stories

EU sets up financial crime unit as pandemic poses new risks

    The European Union on Friday set up a unit of investigators to tackle an expected surge in finanial crime in the economic downturn triggered...

Higher risk of serious Covid-19 infection for A+ blood type, new study finds

People with A+ blood type are at increased risk compared to other blood types for respiratory failure and death due to a severe Covid-19...

BirdLife Cyprus invites pubic to join swallow monitoring programme

  BirdLife Cyprus is inviting the public to help their programme to record the island's swallow population. In a post on Facebook, the NGO asked members...

Article that found risks in hydroxychloroquine against COVID-19 retracted

  An influential medical journal article that found hydroxychloroquine increased the risk of death in COVID-19 patients was retracted on Thursday, adding to controversy around...

Latest on the worldwide spread of the coronavirus

Latest update: 05/06/2020 08:16 The U.S. government is working with drugmakers to maximize availability of influenza vaccines, worried that a substantial flu season on top...

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...