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“Special Leave” allowance not to exceed €1,200

Granting of “Special Leave” to parents working in the private sector for the care of children due to suspension of attendance at public and...

Targeted VAT reduction in Cyprus

The further drop in the reduced VAT rate from 9% to 7% for a period of three and a half months, provided that the...

CBC governor:Banks should transfer capital cushion to economy

Constantinos Herodotou, Governor of the Central Bank of Cyprus (CBC), will hold a teleconference with the chiefs of the Cypriot commercial banks to discuss...

Coronavirus crisis reminds of 2013 financial shock in Cyprus

Uncertainty and fear sparked from the coronavirus outbreak brings back memories of 2013 when Cyprus suffered the shock of haircut on deposits and a...

Guide on how to rent out your home on Airbnb-type platforms

A guide on the specifications of accommodation falling under the new bill regulating rentals through online Airbnb-type platforms has been drafted by the Deputy Ministry of Tourism. A...

Invest Cyprus tender call for services to audiovisual industry

Invest Cyprus has called for tenders for accounting, auditing and bookkeeping services to the island’s fledgling audiovisual industry. The contract concerns the provision of consultancy...

FinMin: Net financial impact of support package to cost €450m

The net financial impact of the support package approved by the Council of Ministers on Sunday will bet  €450m, while another €250m will be...

Cyprus’ financial support package to coronavirus-affected companies almost ready

The Cyprus government is putting the final touches on the financial package providing financial support to companies in response to the coronavirus. The package is...

Economic fears in Cyprus over Italy’s lockdown

Coronavirus has already affected imports and exports worldwide with a recorded slowdown in trade, Phileleftheros reports. And with Italy already under a national lockdown, economic...

Coronavirus epidemic to hit consumption hard

Tourism will probably be the sector to be affected the most from the coronavirus, but the epidemic is also expected to hit consumption hard,...

Value of building permits jumps 81.4% in 2019 due to permits issued in Limassol

The total value of building permits issued in 2019 increased by 81.4%, while the total area increased by 49.8%, mainly due to the permits...

Cyprus prepares national fiscal package of measures to counter coronavirus

The government is drafting a national fiscal package of measures based on three pillars to counter the economic consequences of the coronavirus epidemic, Phileleftheros...

No change in consumer visits to bank branches despite coronavirus

Consumer visits to retail bank branches in Cyprus on Wednesday were at normal levels despite the coronavirus outbreak which has turned other sectors of the economy upside down,...

CSE listed companies issue profit warning due to coronavirus

As the coronavirus threatens corporate profits and economic growth, some Cyprus Stock Exchange listed companies have already issued profit warning announcements. The epidemic is having a negative impact on...

Coronavirus impact on Cyprus’ banking system

Cyprus banks will have to exhibit more flexibility when it comes to hotel businesses financing because of the coronavirus spread which may lead to...

CCCI requests measures to mitigate Coronavirus’ impact on businesses, economy

The Cyprus Chamber of Commerce and Industry (CCCI) announced on Tuesday it would initiate a series of meetings with competent ministers to discuss the...

Cyprus economy moves into uncharted waters

The Cyprus economy has some buffers but limited resistance to tackle a potential economic slowdown because of the coronavirus, Phileleftheros reports. That’s why the government...

Supermarkets in Cyprus see increase in business

The fast spread of coronavirus worldwide and the first confirmed cases in Cyprus have led consumers to rush to supermarkets all over the island...

FT: Deutsche Bank facilitated wiring of Cyprus funds of Malaysian Jho Low

The funds used to purchase Malaysian Jho Low's €5m Cyprus villa under the island's passport investment scheme were wired from the Swiss Falcon Bank...

250 Estia scheme applicants eligible, House Committee hears

Of the 5600 applications submitted for Estia scheme, 507 applications were processed until last week, of which 250 are eligible, according to Michalis Kronidis,...

Coronavirus has Cyprus tourism industry preparing for the worse

The Mediterranean island’s tourism industry is preparing for the worse now that coronavirus is spreading fast and two confirmed cases have been recorded in...

Top Stories

11 new Covid cases in Cyprus, number steadily down, tests rising

  11 new cases of Covid-19 were announced today in Cyprus, out of a total of 3,314 diagnostic tests, taking the total number to 1233. New...

Police fire tear gas at Beirut protesters furious after explosion

  Lebanese riot police fired tear gas at demonstrators trying to break through a barrier to get to the parliament building in Beirut during a...

82 year old killed in Paphos while trying to move his car off the pavement-victim named

  An 82 year old man was killed this morning in Paphos, as he was trying to move his car away from a pavement near...

Paphos fire has scorched 5 square kilometres, still raging, destruction ‘biblical’ (update)

  A fire that broke out early this morning near the Paphos community of Archimandrita and spread on a 20 kilometre front near the villages...

Brazil COVID-19 deaths reach 100,000 and barrel onward

  Brazil’s death toll from COVID-19 is expected to hit 100,000 today and continue to climb as most Brazilian cities reopen shops and dining even...

Taste

Octopus ‘Kathisto’ (or Octopus braised in Wine)

Ingredients: 1/2 cup Greek extra virgin olive oil 2 medium onions, chopped fine 1 large octopus, about 2kg (cleaned and kept whole) 3/4 cup dry red wine 1/3 cup...

Homemade lemonade

Ingredients: 1 cup lemon juice 1 cup sugar Method: Thoroughly wash the lemons with soap and warm water. Roll each lemon with the palm of your hand, pressing...

‘Striftaria’ mini cheese pies

Ingredients 1 ½ cup milk 2 tbsps. flour 4 tsps. of butter 3 eggs, slightly beaten + 1 extra with 1 tbs. of milk for spreading 1 pack of...

Mini potato canapes baked on salt

Ingredients Serves: 12 1kg small Cypriot potatoes rock salt, as needed 250g salted butter 300ml full fat cremé frâiche 1 pot cod or salmon roe Method Prep:20min › Cook:35min › Ready in:55min Take...