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Rating agencies cautious over Cyprus’ economy

When it comes to the upgrade of the Republic of Cyprus’ economy, international credit rating agencies appear to be cautious. Probably because non-performing loans...

Finance Minister satisfied with confirmation of Cyprus’ credit rating by DBRS

Finance Minister, Harris Georgiades, said on Sunday that the confirmation of Cyprus’ credit rating by Canadian rating agency DBRS was a positive development. DBRS confirmed...

DBRS confirms Cyprus’s rating at BBB with a stable trend

Canadian rating agency DBRS confirmed Cyprus’s Long-Term Foreign and Local Currency at BBB (low) with a stable trend. “The confirmation of the stable trend reflects...

Turkey says U.S. scrapping trade deal contradicts goals

The U.S. decision to end its preferential trade agreement with Turkey contradicts their $75 billion bilateral trade target, Trade Minister Ruhsar Pekcan said on...

Turmoil at Thyssenkrupp marks battle for Germany’s economic identity

When Thyssenkrupp CEO Guido Kerkhoff announced plans to list its prized elevators unit last week, he set off a battle for the conglomerate's future...

Cyprus a regional hub of business excellence, House President says

President of the House of Representatives Demetris Syllouris, said Friday that the Cypriot economy was expanding outwards as a regional hub of business excellence. “Although...

Annual inflation up to 1.7% in the euro area -1.2% in Cyprus

The euro area annual inflation rate was 1.7% in April 2019, up from 1.4% in March 2019, according to Eurostat, the statistical office of...

Ongoing rigorous review by Moneyval

Moneyval’s onsite review and appraisal of Cyprus relating to the prevention of money laundering and terrorist financing began on Monday and seems to be...

New CBC Governor warns over delays in due diligence checks on foreign transactions

Constantinos Herodotou, the new Governor of the Central Bank of Cyprus (CBC), called on Cypriot banks to invest in technology and staff training to...

Deputy Ministry for Research and Innovation on its way

The 2019-2023 National Strategic Framework on Research and Innovation consisting of nine pillars were presented at an event last night in the presence of...

Cyprus registers trade deficit of 1.0 billion in Q1 2019

The first estimate for euro area (EA19) exports of goods to the rest of the world in March 2019 was €205.6 billion, recording an...

FinMin wants NPLs reduced to single digit rate during next 12 months

The Finance Ministry`s goal is to reduce non-performing loans (NPLs) of Cyprus’ banks to a single digit rate, said Wednesday Minister of Finance Harris...

Cyprus and Kazakhstan sign Double Taxation Convention

The Republic of Cyprus and Kazakhstan signed on Wednesday a Convention for the Avoidance of Double Taxation and for the combating of Tax Evasion...

Actuarial science a valuable tool in indentifying risks, House President says

The actuarial profession in a globalised and complex economy will be imperative, President of the House of Representatives Demetris Syllouris has said, adding that...

Tax Department confiscates whatever is available

The island’s Tax Department last year used whatever weapons it had to ensure that the state collects what it is owed. It has also...

Cyprus economy grew by 3.4% in 1Q 2019

The economy of Cyprus grew by 3.4% in the first quarter of 2019, according to a flash estimate of the Statistical Service. "The GDP growth...

ILO expert explains the benefits and the challenges of introducing a national minimum wage

The introduction of a national minimum wage can benefit low paid workers in an economy, but also the labor market in general and the...

New criteria for citizenship in effect today

A number of changes approved in February by the Council of Ministers in regard to the “Cyprus Investment Programme” by which investors obtain the...

Public sector unions clash

‘Equality’ union of contract workers in the public sector and PASYDY which represents permanent public servants are in collusion for some time. But it...

Industrial production down by 0.3% in euro area, down by 0.1% in EU28

In March 2019 compared with February 2019, seasonally adjusted industrial production fell by 0.3% in the euro area (EA19) and by 0.1% in the...

5%-10% drop in tourism but improvement expected, hoteliers say

Tourism is down by 5% to 10% over the previous year, but hoteliers are confident that things will change in the next few months,...

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....