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Economy

UK looks to Canada and Australia for EU trade deal template

British Prime Minister Boris Johnson has pitched two models for his country's trade ties with the European Union after Brexit: a deal based on...

Poor results at exams for Public Sector jobs

Fifty per cent of candidates who took exams in autumn to join Cyprus' public sector have failed, according to results announced this week by...

No water bill paid, no Land Registry property transfer

The transfer of an immovable property at the Land Registry is only possible if the water supply bill has been paid in full, according...

Sterling gains after BoE leaves interest rates unchanged

Sterling gained on Thursday after the Bank of England held interest rates at 0.75%, defying money markets that had seen a 50% probability of...

December unemployment in Cyprus falls to 7.6%, all time low of 6.2% in EU

The euro area (EA19) seasonally-adjusted unemployment rate was 7.4% in December 2019, down from 7.5% in November 2019 and from 7.8% in December 2018...

Cyprus: NPLs of general government at 32.4% of GDP in 2018, highest in EU

In 2018, Cyprus became the country with the highest stock of non-performing loans (assets) of general government, with 32.4% of GDP, far ahead of...

Savings capability by businesses improves, not so by households

Business deposits in Cyprus are rising every year, creating a liquidity buffer and confirming a positive sentiment - at least in some sectors of...

Public service reform proposals back to parliament

The House Finance Committee on Monday will open again the hot issue of public service reform in Cyprus. After four years of suspension of proposed...

‘Flight to yield’ boosts demand for Italy’s government bonds

Italy's 10-year bond yield fell to its lowest level since mid-October on Wednesday, as appetite in world markets improved and easing concern about Italian...

Economic sentiment makes positive start to 2020

In January 2020, economic sentiment in Cyprus improved as the Economic Sentiment Indicator (ESICypERC) increased by 3.3 points compared with December 2019, according to...

More confusion over provident fund harmonisation bill

Opposition parties are holding behind the scenes talks aiming to restore the harmonisation bill on the regulation of Provident Funds in Cyprus to its...

Government calls for expression of interest for five buildings

If deemed in the best interests of the state the government could buy a total of five buildings to accommodate the growing needs of...

Global markets stabilised after virus causes worst day since October

European markets stabilised on Tuesday after worries about the economic fallout of China's spreading coronavirus set off the worst global rout in months. A flat...

Moody’s says sale of problem loans by Cyprus’ largest banks a ‘credit positive’

Moody's has described as a credit positive the fact that Cyprus' Central Bank Governor expects that two largest banks on the island to sell...

State benefits from early retired civil servants spared reduction in pensions

An estimated additional €50 million will go towards 4,088 government employees who may opt to retire early but be spared a 12% deduction on...

Cyprus’ Turnover Volume Index of Retail Trade up

Turnover Volume Index of Retail Trade in Cyprus has marked an increase in a monthly and annual basis, according to the official Statistical Service. The...

Saudi Arabia, UAE caution oil market against gloom over China virus

Saudi Arabia, the world's top oil exporter, urged caution on Monday against "gloomy expectations" regarding the possible impact of the spread of the coronavirus...

Aircraft landings in Cyprus steadily on the rise

High mobility has been recorded at Cyprus airports over the recent years with aircraft landings marking an upward trend between 2014 and 2018, according...

Euro zone bond yields stay low

Euro zone bond yields held at multi-week lows on Friday, brushing aside positive business activity data as additional cases of coronavirus sparked concern. Analysts said...

State payroll in Cyprus steadily swelling

Cyprus’ state payroll which has grown by 12% over a decade seem to swell with every new year due to the automatic indexation of...

CSC’s Josephides reappointed as IMO ‘Goodwill Maritime Ambassador’

The Cyprus Shipping Chamber has announced that its Deputy Director General Alexandros Josephides was reappointed as “International Maritime Organisation (IMO) Goodwill Maritime Ambassador” for...

Top Stories

Three injuries from two separate accidents in Paphos district

Three people were injured in two separate traffic accidents in Paphos district over the past 24 hours, Philenews reported on Tuesday. In the first one,...

UK study: Evidence of waning antibody immunity to COVID-19 over time

Antibodies against the novel coronavirus declined rapidly in the British population during the summer, a study found on Tuesday, suggesting protection after infection may...

Worldwide coronavirus cases cross 43.32 million

More than 43.32 million people have been reported to be infected by the novel coronavirus globally and 1,156,285​ have died, according to a Reuters...

Foreign Ministers of Greece-Cyprus-Israel meet in Athens

A trilateral meeting of the Foreign Affairs Ministers of Greece, Cyprus, and Israel takes place in Athens on Tuesday. The agenda of the meeting includes...

President Anastasiades reiterates Cyprus problem solution based on UN resolutions

Cyprus President Nicos Anastasiades has reiterated the unwavering commitment of his government to a solution of the Cyprus problem based on UN resolutions, the...

Taste

Squash soup

Ingredients: 1 kg pumpkin, cut into small cubes, approximately 5 cups 2 medium (400g) sweet potatoes, cut into cubes, approximately 2 ½ cups 1 chopped leek, only...

Mezedes

No visit to Cyprus is complete without enjoying the traditional meal of many small dishes known as ‘meze’. This large feast, which has been a...

Prawns with fried cheese, barley shaped pasta

Put the barley shaped pasta into a small pan with salted water, bring to a boil and when tender, drain. Peal the prawns leaving...

Salmon and shrimp sheftalies

Mix all ingredients for tabbouli in a bowl and keep to one side so flavours can combine. Prepare the sheftalies: wash and soak the casing...