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Dollar skids as Brexit optimism lifts pound and euro

The dollar was crawling toward its worst month since January 2018 on Monday as intermittent waves of Brexit optimism pushed the pound to a...

Strikes and work-related disputes in Cyprus on the rise

Labour disputes are on the rise in Cyprus and so is strike action, according to data from the Ministry of Labour which acts as...

Higher social contributions burden both employees and employers

The burden for both employers and employees in Cyprus is getting bigger and bigger these days with higher contributions to the Social Security Fund...

Government dismisses opposition’s criticism over Cambodian elite passports

Interior Minister Constantinos Petrides has dismissed criticism by opposition parties that relatives and allies of Cambodia’s leader acquired Cypriot passports under a secretive investment...

Cyprus to borrow €1.25 b from international markets in 2020

Cyprus financing needs for 2020 to be covered by bond issues in the international capital markets amount to €1.25 billion, the Finance Ministry’s Public...

Auditor General warns over public service indefinite time contract staff

The Auditor General’s Office is up in arms over the rising number of employees who joined the island’s public service under a lease of...

Cyprus economy still maintains enough negative indicators

Cyprus is the 44th most competitive nation in the world out of 140 countries ranked in the 2019 edition of the Global Competitiveness Report...

Non-performing loans in Cyprus rise for second month

Non-performing loans (NPLs) rose for a second consecutive month in May amounting to €8.05 billion with non-performing exposures (NPEs) calculated according to EBA rules...

One third of state expenditure goes to salaries

One in three euros of state expenditure goes to pay the public servants' wage bill which is estimated to rise by 4.1% in 2020...

IMF: Projections for Cyprus economy revised downwards as part of global economic slowdown

The International Monetary Fund downgraded its projections for the Cypriot economy as part of the slowdown of the global economy, due to subdued trade...

How are businesses preparing for a “no-deal Brexit”?

Leaving the European Union without a deal at the end of this month will force businesses to navigate an unprecedented set of challenges from...

Parliament still waits for new investment for citizenship regulations

The deadline for the government to send to parliament regulations defining the new criteria behind the island’s popular investment for citizenship plan expires in...

Cyprus, Greece to set up economy cooperation mechanism

Cyprus and Greece will set up a mechanism of cooperation and coordination on matters concerning their economies and EU agenda, the island’s Finance Minister...

Development projects galore in Cyprus

A total of 50 development projects all around Cyprus are included in the 2020 budget. These concern construction of roads in different districts, schools,...

A crucial trial with €844 million at stake

If public servants in Cyprus win their case against the government over the implementation of legislation providing salary cuts following the financial crisis, the...

Cyprus in need of €3.1 billion for public debt

Cyprus’ financial needs over the next three years are estimated at €3.1 billion signalling a new exodus into the markets. The biggest need, €1.6 billion...

Only positive developments on the way for Cyprus’ tonnage tax system

Negotiations in Brussels between the Deputy Ministry of Shipping and the European Commission over the renewal of the Mediterranean island’s tonnage tax system are...

Meat consumption by Cypriots on the rise

Consumption of meat in Cyprus is on the rise year after year, according to latest state statistics which also show that pork is their...

Cyprus ranks 44th in the WEO Global Competitiveness Report for 2019

Cyprus ranked 44th in the World Economic Forum’s Global Competitiveness Report for 2019, marking a marginal increase in its total score. Singapore ranked 1st out of...

Public servants with poor evaluation won’t be eligible for promotion

Proposed public service reforms in Cyprus provide that those evaluated poorly for three years in a row won’t be eligible for promotion. Evaluation will...

Cyprus and accommodation-sharing sites in optimum tax deal

Deputy Minister of Tourism Savvas Perdios and representatives of accommodation-sharing sites such as Ainbnb seem to have reached an optimum tax deal, according to...

Top Stories

Chinese medical supplies to arrive in Cyprus on Aegean flight

Aegean has offered free transport of much needed medical supplies from China, to speed up the process and strengthen Cyprus' fight against the coronavirus. According...

How to pay a restriction violation fine

Fines for violations of the restriction decrees, enforced on March 24, are payable as follows: Any commercial bank connected to the payment provider or providers...

What we don’t yet know about the coronavirus

It has been only three months since reports first emerged from China of an unknown virus causing unusual cases of pneumonia, and scientists and...

Coronavirus patient critical at Limassol hospital

A coronavirus patient at Limassol hospital is reported to be in critical condition and has been placed on a respirator. According to the State Health...

24 coronavirus patients at the Famagusta reference hospital

Nine more coronavirus patients have been admitted to the Famagusta hospital, the reference institution for confirmed cases, raising the number to 24. According to CNA...

Taste

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....

Classic Pastitsio

Prepare the mince sauce: heat the butter in a pan and sauté the mince with the onion and garlic until nicely browned, mixing well....

Grilled vegetable and goat cheese rolls

Brush the vegetables with olive oil and season. Heat a pan/griddle and cook them carefully until golden on both sides, making sure their shape...