Economy

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...

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' 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...

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

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...

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 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...

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...

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

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

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

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...

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

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 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 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...

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...

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...