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Private sector services keep the state going

Ministries, semi-state authorities and other government services are reaching out to the private sector for all kind of services in a bid to meet...

Reunification would boost income by 7% in a decade, World Bank says

The reunification of Cyprus, divided since the 1974 Turkish invasion, accompanied by the appropriate supportive policies would see the income of both Greek Cypriots...

Cyprus government looking for Investment Fund’s Manager

The government is now looking for a Manager for the country’s Investment Fund which is to be set up following approval last August by...

Strong demand for offices in Cyprus

There is strong demand for high quality offices in Cyprus with new companies seeking modern, flexible and sustainable workplaces, according to a recently-released Danos...

Euro zone cautiously eyes fiscal boost

Euro zone finance ministers will discuss on Monday a document that calls for a more growth-friendly fiscal policy, a move that could lead to...

Cyprus President, EIB chief discuss support for planned projects

Cyprus President Nicos Anastasiades and visiting European Investment Bank President Werner Hoyer on Monday exchanged views on a number of projects the government intends...

New grand development in Engomi on the way

A new grand development in the Nicosia suburb of Engomi is on its way following a recent agreement between the Real Estate Management Unit...

Cyprus ferry connection to Piraeus possible by this summer

There will be a ferry connection between Piraeus port and Limassol with the possibility of a stopover at a Greek island, following an initial...

Astrobank: Takeover talks with National Bank are ongoing

Talks over the takeover of National Bank of Cyprus by Astrobank are ongoing and the reason behind the call for a public meeting by...

Pound set for biggest weekly gain in two months

Sterling held on to most of its overnight gains on Friday and was set for its biggest weekly rise in two months, as investors...

Melco Cyprus woos Israeli market at IMTM 2020 in Tel Aviv

Melco Cyprus presented its City of Dreams Mediterranean Integrated Casino Resort (ICR) to Israeli tour operators and other tourism stakeholders, at the 26th International...

Paphos: Four star hotel to go under the hammer

The four star Crown Resorts Hotel in Peyia  is being sold at auction on March 11. The reserve price for the hotel is €21,450,000. The hotel...

Ministry expenses and revenue to come under close scrutiny

The Republic’s Treasure Department plans to put financial management in the public sector under close scrutiny. And it has called for registries/forms to be...

Stagnation in Cyprus businesses

There is business stability with a more positive outlook over new jobs in Cyprus, according to a research study carried out by CMRC CYPRONETWORK...

Moneyval concerned over casino expansion in Cyprus

The Council of Europe's anti-money laundering watchdog Moneyval considers the operation of casinos in Cyprus as a potential risk for money laundering. And in...

EC: Cyprus GDP to grow by 3.2% in 2019, 2.8% in 2020 and 2.5% in 2021

The economy in Cyprus will grow by 3.2% in 2019, 2.8% in 2020 and 2.5% in 2021, according the European Commission's Winter Economic Forecast,...

Exemptions from filing a tax return

Vulnerable groups of the population as well as small businesses seem to be excluded from proposed  legislation in Cyprus aiming to strengthen legal ‘weapons’...

Higher tourist per capita expenditure in Cyprus a must

The need for a higher tourist per capita expenditure in Cyprus is long-standing and the vision of the Deputy Ministry of Tourism and the...

Bill on protection of whistle-blowers in Cyprus still pending

New legislation to implement the new EU Directive on protection of whistle-blowers in Cyprus  is still pending before parliament, Phileleftheros reports. And all this despite...

Scotch whisky exports at record high despite U.S. tariffs

The value of Scotch whisky exports rose to a record high last year, backed by booming sales in countries such as Taiwan and India...

Finance Minister welcomed Moneyval report on Cyprus

Finance Minister Costas Petrides welcomed Wednesday's publication of the Mutual Evaluation Report of Cyprus by the Moneyval Committee of the Council of Europe saying...

Top Stories

Anastasiades unveils new package to boost economy

  President Nicos Anastasiades on Wednesday announced a new package of 10 measures to help the economy through the coronavirus crisis that includes liquidity, guarantees...

NPLs in the Cyprus banking system decline below €9 billion

Non-performing loans (NPLs) in the Cypriot banking system declined to €8.97 billion in the end of 2019, with the NPL rate amounting to 27.9%...

Prodromou says no intention to discriminate against disabled pupils, asks parents to work with experts on solutions

Education Minister Prodromos Prodromou addressed anew on Wednesday the backlash that followed an announcement on May 20 that children with disabilities were not to...

No new Covid-19 cases on Wednesday

  There were no new Covid-19 cases in Cyprus on Wednesday the Health Ministry said, only the second time of zero cases since the start...

Paphos most booked holiday destination for Britons in April, May 2021

  Paphos is the most booked destination for British holidaymakers in April and May next year, the Daily Mail reported on Wednesday citing data collected...

Taste

Traditional salads that will blow your mind away

This traditional salads will make you actually love salads! Cyprus may be famous for souvla and kleftiko but if you try the traditional salads with...

Honey Balls

As you stroll down Onasagorou street in the old city of Nicosia and suddenly feel the need for something sweet, follow the smell of...

Octopus with Oregano

Ingredients: (Serves 4) 1 kg octopus ½ tsp dry oregano Pepper 3 tbsp olive oil 2 tbsp vinegar or lemon juice Preparation: Clean the octopus thoroughly under cold running water. Place the octopus...

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...