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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...

Abolished Cyprus Investment Scheme will not be brought back-FinMin

The government will not bring back the Cyprus Investment Scheme either in the same or similar form of the one recently abolished following an...

Turkish lira slips as U.S. moves closer to sanctions over S-400s

Turkey's lira slipped on Friday after U.S. lawmakers included mandatory Turkish sanctions in a defence spending bill that moves Washington a step closer to...

Registered unemployed in Cyprus spike by an annual 34% in November

The number of registered unemployed persons in November spiked by over 34% year on year in November reaching 32,968 persons with seasonally adjusted data...

Cyprus annual inflation rate at -0.6% in November 2020

Inflation rate in Cyprus remained in negative territory for the eighth consecutive month in November with the Consumer Price Index (CPI) declining by an...

Cyprus posts €727 million deficit from January to October

Cyprus posted a general government deficit amounting to €727 million for the period of January – October 2020, compared to a surplus of €639...

13th month salary not certain in private sector

Due to the COVID-19 pandemic many companies in the private sector are unable to pay 13th month salary to their employees who are contacting...

George Soros:  Individual EU member states should issue perpetual bonds

In a new Project Syndicate article, Mr. Soros argues that his previous proposal that the EU should issue perpetual bonds is now impossible because of a...

Cyprus shipping proved resilient amidst the Covid-19 crisis

The Cyprus shipping industry has proved resilient amidst the coronavirus pandemic and the aim is for the sector to grow even further in the...

NPLs in the Cyprus banking system down by €132 million in July

Non- Performing Loans (NPLs) in the Cyprus banking system dropped by €132 million continuing their downward trajectory, assisted by disposals as well as the...

6.5-million-euro-deal for school in Paphos

APS, on behalf of the Hellenic Bank reached an agreement with a consortium of Cypriot and foreign investors for the sale of school facilities...

Economic sentiment records slight drop in November

Economic sentiment in Cyprus deteriorated slightly in November, a business survey by the Economics Research Centre of the University of Cyprus, published on Thursday,...

Cyprus registers unemployment of 8.2% in Q3 2020, CyStat says

Unemployment in the third quarter of this year reached 8.2% compared to 6.7% in the third quarter of the previous year, data released by...

Economic sentiment in Cyprus deteriorates slightly in November

Economic sentiment in Cyprus deteriorated slightly in November compared with last month, according to a business survey by the Economics Research Centre of the...

Top Stories

41-year-old sentenced to five-year imprisonment for child pornography

A 41-year-old man was today sentenced to five years in prison for a case of child pornography. The Police’s cyber crime unit had investigated the...

Vaccination Portal for people over 86 to open Friday, 29 January

As part of the implementation of the National Vaccination Plan for COVID-19, the Ministry of Health announces that as of Friday 29 January, 2021 at...

Household real consumption per capita recovers in both euro area and EU

In the third quarter of 2020, household real consumption per capita increased by 12.1% in the euro area, after a decrease of 10.3% in...

Cypriot MEPs submit joint question on EU protection of Turkish Cypriot journalists against lawsuits

All six Cypriot members of the European Parliament submitted a joint written question to the European Commission, regarding the new lawsuits against Turkish Cypriot...

Speed limit reduced to 30 km in certain streets in towns

The speed limit in certain streets in towns will be reduced to 30 km because these streets are part of the sustainable mobility program. Such...

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...