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Finance Minister unveils new package to support economy

Finance Minister Constantinos Petrides unveiled on Thursday a new package to support the economy amid Covid-19, by directly supporting very small businesses and the...

Central Banks lists other systemically important institutionss

The Central Bank of Cyprus has designated Bank of Cyprus Public Company Ltd, Hellenic Bank Public Company Ltd, Eurobank Cyprus Ltd, RCB Bank Ltd,...

Hotels in towns more likely to open first

Hotels in the cities are more likely to open first, rather those in resorts, the president of the Famagusta branch of the Cyprus Hotels...

Net new lending declines by 33% in March amid the coronavirus crisis

Net new lending in Cyprus declined by 33% in March compared with the previous month, affected by lockdown measures to curb the spreading of...

General government surplus at 0.8% of GDP in Q1 2020

The general government surplus grew to 0.8% of GDP for the first quarter of 2020, according the preliminary General Government fiscal results, which are...

Work resumes on City of Dreams Mediterranean

  Melco has announced that construction works at City of Dreams Mediterranean resumed on Wednesday,  setting course to deliver Cyprus’ first and only licensed Integrated...

Cyprus economy to shrink by 7.4% in 2020 — EU

The Cyprus economy will shrink by 7.4% in 2020, public finances will record a -7.0% deficit, domestic demand is expected to fall moderately and...

Israel, Greece, Cyprus mull tourism ‘safe zone’

With the coronavirus pandemic already taking a toll on the sector,  the Tourism Ministers of Israel, Greece and Cyprus have been discussing a proposal...

Cyprus to extend ENI/TOTAL exploration contract amid Covid-19 pandemic

The Ministry of Energy is planning to extend the exploration contracts of the Italian-French ENI/TOTAL consortium due to the impact of the coronavirus pandemic,...

Investors keen to move ahead with Larnaca port marina project

  Investors of the joint development plan for Larnaca Port and Marina have assured the town's mayor that planning is continuing and that they wish...

Doing business following a state of emergency & measures to stimulate businesses in Balkans

Eurofast is hosting a webinar on May 5 titled “Doing business following a state of emergency & measures to stimulate businesses in the Balkan...

Cyprus shipping applauds its seafarers around the world

The Cyprus Shipping Chamber, through its Member-companies, participated in a global initiative, in view of Labor Day, sounding the horns of ships in Limassol...

Aviation sector in Cyprus must be supported, says FSF-MED director

The aviation sector in Cyprus must be supported, Executive Director of the Flight Safety Foundation- Mediterranean (FSF-MED) Christos Petrou has told CNA, urging the...

March jobless rise to 6.6% in March

In March 2020, the month when COVID-19 containment measures began to be widely introduced by Member States, the euro area seasonally-adjusted unemployment rate was...

Investment in alternative sectors can boost growth (opinion)

Mining industry can become a significant contributor to the Cyprus economy By Peter van der Borgh* A crisis can often teach us valuable lessons or drive...

Retail businesses contribute €1b to country’s GDP, FinMin says

  Finance Minister Constantinos Petrides said on Thursday that the businesses selected to open in the initial stages of restarting the economy were based among...

FinMin says current phase of Covid-19 response most difficult and dangerous

The second phase of managing the Covid-19 crisis which Cyprus enters in the next few days, is the most difficult and dangerous, as Minister...

BoC reports €70 m net loss for 2019

Bank of Cyprus, the island’s largest lender, said it will update macroeconomic assumptions underlying the IFRS9 calculations which may lead to increased organic provisions...

General Government’s deficit at €277.4 m in Q4 2019

The General Government's deficit increased by €104.4 million in the fourth quarter of 2019 on an annual basis, the Cyprus Statistical Service announced on...

Revenue from tourism down 5.5% in February

Revenue from tourism reached €49.5 m in February 2020 compared to €52.4 m in the corresponding month of the previous year, recording a decrease...

Spike in credit card use amid coronavirus outbreak

Cypriot consumers are increasingly turning to credit cards as opposed to traditional cash payments for their daily needs amidst the coronavirus pandemic, data by...

Top Stories

126 new cases, two deaths announced on Monday

The Health Ministry announced the death of two persons due to COVID-19. This raises the death toll from the virus in Cyprus to 188,...

Where to get antigen rapid tests on Tuesday, 26 January

The Health Ministry announced the following antigen rapid test sites for Tuesday, 26 January 2021:   LIMASSOL Church of Panagia Chrysaifyliotissa, Agia Fyla 08:30-16:30 Church of Panagia Evangelistria,...

Cyprus government aims at gradual lifting of restrictive measures

The Cyprus government aims at the gradual lifting of restrictive measures against the spread of COVID-19 in the context of a concrete plan, with...

Shot flamingo found in Paralimni lake

Birdlife Cyprus announced that a flamingo was found wounded in the Lake of Paralimni. Members managed to save the bird and take it to a...

Epidemiologists agree to include colchicine in treatment protocol

The scientific team of the Health Ministry is ready to include colchicine in the treatment protocol to face COVID-19, Konstantinos Tsioutis, assistant professor of...

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...