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Economy

Global stocks end 2019 close to record highs

Global equities drifted on Tuesday while the dollar ended 2019 on a subdued note following a buoyant year of stock market gains, driven in...

Industrial output prices slightly down in November

Industrial output prices recorded a slight drop in November on a monthly basis. On the contrary, the first eleven months of this year saw...

“Estia” applications accepted even if incomplete, Finance Ministry says

The Finance Ministry has announced that distressed borrowers can submit their applications for the “Estia”, a scheme in place since September in an effort...

482 Administrative Court cases submitted between 2014-2018

Dozens of civil servants submit appeals before the Administrative Court of Cyprus annually objecting to promotions and recruitment by the Civil Service Commission (EDY). In...

Only one in three Estia plan beneficiaries submit application

Only one in three eligible beneficiaries of Estia mortgage relief scheme actually submitted an application by end of last week which was the deadline,...

European stocks fall on profit-taking amid holiday lull

European shares retreated on Monday, as investors cashed in gains from a record run in stocks that has put the benchmark index on course...

Μonthly earnings of employees up annually by 3% in Q32019

Monthly earnings of employees in the third quarter of this year on an annual basis are estimated to have increased by 3%, provisional data...

Cyprus current account deficit down in Q3 2019

Cyprus current account`s deficit fell in the third quarter of 2019 on an annual basis, provisional data the Central Bank of Cyprus has released...

Industrial production up in October and first ten months of 2019

Industrial production in Cyprus was up in October and in the first ten months of this year, data released by the Cyprus Statistical Service,...

Cypriots spending Christmas holiday abroad the new trend

Even though tradition in the Mediterranean island has the whole family sitting around a Christmassy table rich in food and drinks statistics show that...

What rating agencies expect from Cyprus in 2020

Credit rating agencies are getting ready for a new outlook on Cyprus' economy but not before they see developments in the state of play...

Total sales of petroleum products in Cyprus down in November

Total sales of petroleum products in November 2019 recorded a fall of 10.7% compared to the previous month, according to data released recently by...

Central Bank of Cyprus sees downside risks to the economy despite strong growth

The Central Bank of Cyprus (CBC) sees certain downside risks to the Cypriot economy for the period 2020-2022, that may lead to slower economic...

Wall St set to open near record highs in thin Christmas Eve trade

U.S. stock indexes were set to trade near record highs heading into the Christmas break on Tuesday, fueled by optimism over improving trade relations...

Attracting third age tourism is Cyprus’ goal

The ‘sun and sea’ tourism product of Cyprus seems to be outdated while the all-inclusive model was prevalent during the last peak summer season. That’s...

Cyprus back on the cruise industry’s map

Cyprus has been in the cruise industry for decades but the long-standing political turbulence in the Eastern Mediterranean region dealt a severe blow to...

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...

Top Stories

Fine of €6,500 in a bar in Paphos for violating decrees

The Paphos District Court imposed a fine of €6,500 on Monday, on a property owner for violating the decree of the Law on Disinfection. Specifically,...

Cyprus and Russia agree to amend Double Tax Treaty

Cyprus and Russia agreed on Monday to amend the Cyprus-Russia Double Tax Treaty, as Minister of Finance Constantinos Petrides wrote in a post on...

Greek Foreign Ministry calls on Turkey to stop its illegal actions

The Greek Foreign Ministry sent a clear message that Greece will defend it sovereignty and its sovereign rights and called on Turkey to immediately...

Measures against Covid-19 must become the Modus Vivendi, Professor Kostrikis says

The additional measures decided and applied ten days ago by the government and the epidemiological team, in the framework of the actions taken to...

Registration of motor vehicles declines by 8.9% in July 2020

The total registrations of motor vehicles in July 2020 numbered 4,227, recording a decrease of 8.9% compared to July 2019, the Statistical Service of...

Taste

Octopus ‘Kathisto’ (or Octopus braised in Wine)

Ingredients: 1/2 cup Greek extra virgin olive oil 2 medium onions, chopped fine 1 large octopus, about 2kg (cleaned and kept whole) 3/4 cup dry red wine 1/3 cup...

Homemade lemonade

Ingredients: 1 cup lemon juice 1 cup sugar Method: Thoroughly wash the lemons with soap and warm water. Roll each lemon with the palm of your hand, pressing...

‘Striftaria’ mini cheese pies

Ingredients 1 ½ cup milk 2 tbsps. flour 4 tsps. of butter 3 eggs, slightly beaten + 1 extra with 1 tbs. of milk for spreading 1 pack of...

Mini potato canapes baked on salt

Ingredients Serves: 12 1kg small Cypriot potatoes rock salt, as needed 250g salted butter 300ml full fat cremé frâiche 1 pot cod or salmon roe Method Prep:20min › Cook:35min › Ready in:55min Take...