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Economy

Total new loans down in October

Total new loans fell to €262.6 million in October 2019 compared with €404.2 million in the previous month, according to data released by the...

“Golden visas” to also come under the microscope

Not only "golden passports’’ but also residence permits to wealthy foreigners are set to come under the microscope in Cyprus, informed sources told Phileleftheros. The...

Cyprus records surplus 4.9% of GDP for period Jan-Oct 2019

Cyprus' General Government recorded a surplus of €1,066,0 mn (4.9% of GDP) for the period of January-October 2019 as compared to a deficit of...

Gradual depreciation of early pension’s ‘penalty’  

The Labour Ministry is examining ways to gradually abolish a 12% ‘penalty’ imposed on those who retire earlier - at the age of 63...

German airline Condor’s survival a trump card for Cyprus tourism

The continued operation of Thomas Cook‘s German holiday airline Condor despite its parent company’s recent collapse seems to be Cyprus tourism’s trump card. The Deputy...

Casus belli over setting minimum wage by law in Cyprus

Ongoing negotiations over the establishment of a national minimum wage law in Cyprus appear to be turning into a casus belli between employers and...

Cyprus re-elected as Member of the IMO Council

Cyprus was re-elected on Friday as a Member of the International Maritime Organisation (IMO) Council for the 2020-2021 biennium, following a vote at the...

Actions to be taken by Deputy Ministry of Shipping within 2020

Cyprus Deputy Minister of Shipping Natasa Pilides has listed actions taken and expected to be completed soon as well as planned ones for 2020 in a note...

Deposits and loans down in October

Total deposits and loans in Cyprus’ banks decreased in October 2019, according to data released on Thursday by the Central Bank of Cyprus. Total loans...

Central Bank Governor urges banks to find ways to handle bad loans after “Estia” disappointing results

Central Bank of Cyprus Governor Constantinos Herodotou said that interest in “Estia” scheme, the government scheme aiming to reduce the volume of bad loans...

Industrial production in Cyprus up over the year’s first nine months

Industrial production in Cyprus was up in September, as well as over the first nine months of this year, according to data released by...

Cyprus Union of Bank Employees has many battles to give

The Cyprus Union of Bank Employees (Etyk) has many  battles to give now that changes in the structure of commercial banks seem to be...

Promotion of tourism through influencers and bloggers

The Deputy Ministry of Tourism will use bloggers and influencers as well as decision makers and foreign journalists to promote Cyprus as an ideal...

Fifth KEDIPES board member to be appointed soon

Accountant Michalis Hadjipantelas is set to be the new board member of KEDIPES, the asset management state company formed to undertake the non-performing loans...

Erdogan leans on Turkish central bank for risky ‘single digit’ rate

Turkish President Tayyip Erdogan urged the central bank on Tuesday to continue slashing interest rates, after it already cut by 1,000 points since July,...

Israeli travel agents coming to Cyprus for joint theme tourism packages deals

Israeli travel agents are to come to Cyprus in a bid to reach agreement with counterparts on joint theme tourism packages at the initiative...

Retail turnover in Cyprus up in September and over the past nine months

Volume and value of retail trade except of motor vehicles increased in September and over the past nine months, according to data released by...

Cyprus could revoke more ‘golden passports’

Cyprus could strip more foreigners of citizenship amid questions over whether they should have been issued ‘golden passports’ under a controversial investment programme. The Interior...

Cyprus’ trade deficit increases between January–August 2019

Cyprus’ trade deficit was €3,273.0 million in January-August 2019 compared to €2,591.3 million in the corresponding month of 2018, according to data released by...

New negotiations over wider public sector’s supplementary health fund contributions

A new round of talks is to begin between unions and administrations of semi-governmental organisations and municipalities in Cyprus following Cabinet's recent decision to...

Pound slips as Labour leader Corbyn exceeds “low expectations”

Sterling fell for the second straight day on Wednesday, dented by Labour leader Jeremy Corbyn's better-than-expected showing in a pre-election TV debate versus Prime...

Top Stories

Repatriates make 7 out of 8 new coronavirus cases reported today

Repatriates made 7 out of eight new coronavirus cases reported today by the health ministry out of a total of 1953 tests, raising the number...

It’s merciless-Major blaze near the Panayia Evangelistria chapel in Xylofagou

  It's been a very difficult day for the fire and forestry departments as more than a dozen fires broke out all over Cyprus. A major...

Second fire at Diorios-Kapouti area in north-6th front today

  A second fire has broken out in the Diorios-Kapouti area in the Turkish-occupied north, a week after a massive blaze caused major destruction in...

Malta-Greece top low risk, Switzerland-Czech Republic higher risk for visitors to Cyprus

The Health Ministry announced the results of an epidemiological risk assessment, in an attempt to classify low and higher risk countries, when international airports...

Major Achna fire under control after burning farms, animals and tractors (update)

  A dramatic effort by a strong ground fire fighting force, a Russian Gamov helicopter and dozens of locals, brought a major blaze in the...

Taste

Fish meatballs

In a bowl, mix the finely chopped onion and parsley. Boil the fish, cut into small pieces and add to the bowl. Add salt...

“Frappe” Greek iced coffee

Frappé coffee (also Greek frappé or café frappé Greek: φραπές, frapés) is a Greek foam-covered iced coffee drink made from instant coffee (generally, spray-dried...

A guide of Summer fruits from Cyprus

Cyprus summer love! Cyprus summer fruits! So, what are the summer fruits which can be bought in Cyprus? Watermelon A Cypriot summer is not complete without...

Stuffed vine leaves with artichokes (Lenten)

Blanch the vine leaves in hot water. For the stuffing, finely chop the artichokes and the onions and sauté in olive oil until translucent....