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Central Bank releases additional €90m of capital as part of Covid-19 response

The Central Bank of Cyprus announced on Friday that it released an additional capital amounting to €90 million, as part of its response to...

Cyprus tourism to go back 30 years due to coronavirus

Cyprus tourism will go back 30 years due to the coronavirus pandemic and this is the best case scenario, Phileleftheros reports citing Deputy Tourism...

Calls for Cyprus courts to use conference calls, other technology for trials

As if it was not bad enough with trial delays in Cyprus the coronavirus crisis has prompted additional concern over the day after's dramatic...

Relief over decision to extend economic support post-June

The government’s decision to extend measures to companies and self-employed persons in Cyprus hit by the coronavirus outbreak until June 12 is a big...

FinMin gives further clarifications and details on recent bonds issue

The recent issue of bonds by the Republic was solely intended to offset the reversal of the fiscal balance and to decisively strengthen the...

Government to spend €850m in direct support by June amid coronavirus crisis

The government announced the extension of measures to companies and self-employed persons hit by the coronavirus outbreak until June 12, increasing direct support to...

Property sales documents in March down by 33%

Economic indicators show that the coronavirus epidemic has already dealt a heavy blow to Cyprus’ real estate market with sales documents in March recording...

FinMin calls on parties to approve loan guarantee scheme

Minister of Finance Constantinos Petrides called on parliamentary parties to approve a bill on government guarantees for loans to corporations and small businesses hit...

Labour Ministry to extend coronavirus-related support measures till June 12

The Labour Ministry will extend support measures to help employees, companies and the self-employed weather the crisis unleashed by the coronavirus epidemic till June...

Cyprus prices dual EMTN Tranche for €1.75 billion

The Republic of Cyprus has priced on Tuesday two new benchmark-sized Euro Medium Term Notes for a total amount of €1.75 bn with Finance...

CBC calls on Αsset Management Companies to promote loan repayment suspensions

The Central Bank of Cyprus called on Credit Acquiring Companies (CACs) to promote moratorium on loan repayments, as part of the measures to alleviate...

Economy is set to lose €1b from coronavirus

Cyprus expects to lose significant wealth in 2020 since it is moving fast away from initial goals to raise GDP to €22.39 billion. And...

Giant tour operators to determine Cyprus tourism’s post-coronavirus fate

Cyprus' tourism is highly dependent on a handful of giant tour operators who will determine the post-coronavirus fate of the sector, Phileleftheros reports. The Mediterranean island’s key operators number two...

Budget balance projected to reach a deficit near 4% of GDP in 2020 due to pandemic

Cyprus Finance Ministry Public Debt Management Office has said that  the budget balance of the Government is projected to reach a deficit of about...

Cyprus to tap the markets with 7-year and 30-year bonds

Cyprus announced its intention to proceed with the issuance of 7-year and a 30-year euro-denominated bonds in a bid to strengthen its cash reserves...

Registered unemployed in Cyprus record annual drop, monthly increase in March

Registered unemployed in Cyprus recorded an annual drop of 0.6% this March but a monthly increase of 3.2%, data released by Cyprus Statistical Service,...

Coronavirus drops Cyprus’ tax revenue in March by €80m

Fear and restrictive measures due to the coronavirus pandemic reduced Cyprus’ tax revenue in March by €80 million. In March 2019, €324.3 million ended up...

Investment funds a source of liquidity

Financial professionals in Cyprus are focusing on the next steps to be taken the day after the coronavirus pandemic is over, Phileleftheros reports. And they...

CBC instructs banks not to compound interest during loan repayment moratorium

A general implementation on loan repayments will not be considered as restructuring and the banks are not to assess a possible loss in the...

Government needs to preserve fiscal firepower amid Covid19 uncertainty, says Fiscal Council

The state needs to preserve its fiscal buffers and must not spend all of its reserves early as no one can predict the extend...

Fitch’s rating action highlights Cyprus’ responsible fiscal management, FinMin says

The announcement of Fitch rating agency on Cyprus long term rating highlights the government’s responsible management both of the economy and the public finances...

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....