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Economy

Petrolina buys out Greek SILK OIL for 9 million

According to an announcement, on 31 December 2020, Petrolina bought out SILK OIL, a deal amounting to 9 million euros. As reported, the purchase is...

Cyprus trade deficit in January – September dips by an annual 12.3% due to Covid

Cyprus’ external trade deficit dipped by 12.3% year on year in January – September 2020 reflecting the impact of the coronavirus pandemic both on...

Economic climate in December upbeat due to vaccine roll out

Economic climate in Cyprus moved upward in December with businesses and consumers feeling upbeat due to the vaccine against the covid-19 virus, the University...

Cyprus tourism revenue down by 74.1% in October, 85.1% in first ten months of 2020

Tourism revenue in Cyprus was hit hard by the pandemic in October and in the first ten months of this year, recording a drop...

CyStat data: Employees earned less in 2018 than in 2010

Employees earned less in 2018 than in 2010, data released by the Cyprus Statistical Service (CyStat), on Wednesday, show. In a press release, CyStat says...

Finance Ministry wants to use the area of State Fair

The Finance Ministry is carrying out a competition for the Provision of Services for the preparation of a Master Plan for the area of...

Rejection of state budget jeopardizes recovery planning, Cyprus’ Central Bank warns

Central Bank of Cyprus (CBC) says that the rejection of state budget for 2021 by the parliament is a negative development that jeopardizes the...

24 companies qualified for supply of liquefied natural gas

The Natural Gas Public Company (DEFA) has concluded the first phase of the tender process for the supply of Liquefied Natural Gas (LNG). According to...

Hiring in public sector to be postponed

The Public Service Commission announced that procedures to fill positions scheduled to take place in January 2021 have been postponed due to the fact...

DBRS: We are monitoring the situation in Cyprus following rejection of state budget

DBRS Morning Star said it monitors the situation in Cyprus following the rejection of the 2021 state budget, pointing out the potential impact on...

No significant change in Cyprus NPLs at the end of August

Cyprus’ non-performing loans (NPLs) recorded a small decrease by €13.5 million, totaling € 6.52 billion at the end of August, according to the latest...

Tourist arrivals take annual nosedive of 94.7% in November

Tourist arrivals in Cyprus dropped by an annual 94.7% in November with arrivals for the period of January – November 2020 registering a reduction...

Inflation remains in negative territory for eight consecutive months

Inflation in Cyprus remained in negative territory for the eighth consecutive month, with the Consumer Price Index in November declining by an annual 1.1%,...

ECJ upholds General Court judgments dismissing the actions for damages in connection to Cyprus bank restructuring

The European Court of Justice decided today to uphold the judgments of the General Court of the EU in so far as it dismissed...

Job vacancies down by 8.1% in 3rd quarter of 2020

he number of job vacancies in the 3rd quarter of 2020 reached 6,554, down by 576 or 8.1%, compared to the same quarter of...

Government employment up by 300 persons in November

Total government employment increased by 300 persons or by 0.6% in November 2020, in comparison to the corresponding month of 2019, reaching 52,804 persons. The...

Registration of motor vehicles down 17.1% in eleven months of 2020

Total registrations of motor vehicles decreased by 17.1% to 36,079 in January-November 2020, from 43,530 in January-November 2019, according to Statistical Service’s report "Registration...

EBRD continues to be shareholder to the Bank of Cyprus

European Bank for Reconstruction and Development (EBRD) remains shareholder to the Bank of Cyprus after the end of its mandate to Cyprus, the EBRD...

Cyprus Shipping Chamber joins forces with global business network MACN

The Cyprus Shipping Chamber and the Maritime Anti-Corruption Network (MACN), signed recently a Memorandum of Cooperation (MoC),  with the aim to collaborate on the...

Investments for development of Larnaka port and marina to exceed 1 billion euro

President of Cyprus Nicos Anastasiades said on Friday that the investments for the development of the port and marina of Larnaka will exceed one...

EU will launch Recovery Fund regardless of vetoes if necessary

The European Union will push on with its 1.8 trillion euro financial package to revive the bloc's COVID-hit economy even if Hungary and Poland...

Top Stories

162 new cases, five deaths announced on Monday

The Health Ministry announced the death of five persons due to COVID-19. This raises the death toll from the virus in Cyprus to 175,...

Where to get antigen rapid tests on Tuesday

The Health Ministry announced the following antigen rapid test sites for Tuesday, 19 January 2021: LIMASSOL Apostle Loucas Church, Agios Athanasios 08:30-16:30 Agios Stylianos Church, Linopetra 08:30-16:30 Cultural...

Searches for 70 year old woman missing at sea suspended due to bad weather

Searches to find a 70 year old woman missing off the Phiikoudes beach in Larnaca have been suspended due to extremely bad weather conditions...

Tourist arrivals plunge by 84% in 2020 in one of Cyprus’ worst tourist seasons due to Covid

Tourist arrivals in Cyprus reached a mere 631,609 plunging by 84.1% year on year in one of the worst ever season for Cyprus’ tourist...

Germany demands release of Kremlin critic Navalny

Germany on Monday demanded the release of Kremlin critic Alexei Navalny, detained on Sunday on his return to Russia, and said it would discuss...

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...