Home Insider

Insider

Deposits rise, loans continue downward path in Cyprus

Total deposits rose in the Cyprus banking sector in August with the outstanding amount reaching €47.9 billion, according to data released by the Central...

Hellenic Bank net profit €17.7 million in first half of 2020

Hellenic Bank, Cyprus' second largest lender posted a net profit of €17.7 million in the first half of 2020, amid the coronavirus pandemic, compared...

Signs of recovery in constructions in June, despite drop in the first half of 2020

A significant decrease in building permits was recorded in the first half of 2020, due to the restrictive measures against the spread of the...

Turnover value of wholesale trade in Cyprus down in second quarter this year

Turnover value of wholesale trade except of motor vehicles in Cyprus fell by 20.9% during the second quarter of 2020, according to data released...

Residents of Cyprus returning from a trip abroad down 74.7% in August

A total number of 43,792 residents of Cyprus returned from a trip abroad in August 2020, compared to 173,081 in the corresponding month last...

Cyprus tourist Arrivals down 81.2% in August

The arrivals of tourists in Cyprus reached 104,261 in August 2020 compared to 553,845 in August 2019, recording a decrease of 81.2%, according to...

-€2.6 billion trade deficit for Cyprus for the first 7 months of 2020

Data released today by Eurostat show that the total volume of Cyprus' exports was €1.7billion for the first 7 months of 2020, -11% down...

Job vacancy rate down to 1.2% in 2nd Quarter of 2020 in Cyprus

In the second quarter of 2020, the job vacancy rate in the euro area and in the European Union (EU) was 1.6%, down from...

Cyprus GDP could fall to below 7% in 2020, says FinMin

The Mediterranean island's GDP growth this year could fall to below 7%, Finance Minister Constantinos Petrides has said, clarifying that this is what figures...

Cyprus government employment rises in August due to temporary employees

Employment of the Cypriot government rose to 52,146 persons in August 2020, marking an annual increase of 0.9% or 441 persons owing to increased...

Euro zone ministers pledge lasting fiscal support for economy

Euro zone finance ministers pledged continued fiscal support on Friday to get their economies running again after the Covid-19 crisis, chairman of the Eurogroup...

Cyprus’ economic freedom index well above the world average

Cyprus’ economic freedom score is 70.1 making its economy the 37th freest in the 2020 Index, according to The Heritage Foundation. Its overall score has...

Ministry of Labour expenditure exceeds €1 billion due to support measures for Covid-19

Cyprus' Ministry of Labour's expenditure exceeded €1 billion in the first seven months of 2020 on continued programmes aiming to support employment and businesses...

CBC Governor warns banks to prepare for a new cycle of NPLs in light of Covid-19

Governor of Central Bank of Cyprus (CBC), Constantinos Herodotou, told Cyprus' commercial banks to prepare to face a new cycle of non-performing loans (NPLs)...

Assets under Management of Collective Investments up 5.3% in 2nd Quarter of 2020

The value of Total Assets Under Management reached €7.97 billion in the second quarter of 2020, recording a 5.3% increase over the first quarter...

Cyprus’ trade deficit declines by an annual 12.5% in January – July 2020

Cyprus' Trade Deficit declined by 12.5% for the period of January to July 2020 continuing its downward trend affected by the disruption caused by...

Energy Minister assures companies continue planning in Cyprus’ EEZ

Minister of Energy, Commerce and Industry Natasa Pilides has assured that companies active in Cyprus' exclusive economic zone are moving forward with their planning. Addressing...

Registration of motor vehicles in Cyprus down 20.3% in January-August 2020

The total registrations of motor vehicles decreased by 20.3% to 24,969 in January-August 2020, from 31,336 in January-August 2019, according CyStat. Passenger saloon cars decreased...

GDP down by 11.6% and employment down by 0.9% in Cyprus in 2Q 2020

In the second quarter of 2020, still marked by Covid-19 containment measures in most Member States, seasonally adjusted GDP decreased by 11.8% in the...

Pilides: €270m for entrepreneurship, industry, energy saving schemes

A total of €270 million will be allocated between 2021–2027 in support of entrepreneurship, industry and energy saving schemes, Minister of Energy, Commerce, Industry...

Bounced cheques issued in Cyprus increase in August

Bounced cheques issued in August amounted to €75,840 marking an increase of 72% compared with the previous month, data released by the Central Bank...

Top Stories

Germany to go into circuit-break lockdown as virus cases surge

  Germany will impose an emergency month-long lockdown that includes the closure of restaurants, gyms and theatres to reverse a spike in coronavirus cases that...

1547-Highest ever number of new covid cases in Greece-deaths on the rise

  Greece recorded one thousand five hundred and forty seven new coronavirus  cases over the past 24 hours, the highest ever number since the start...

Huge 8500 euro fine for unmarked tobacco products

  A twenty nine year old was fined 8 and a half thousand euro for unmarked tobacco products that were discovered by police at his...

Ankara provocatively announces Varosha works, as Turkish minister illegally visits

  Turkey's Environment and Urban Planning minister Murat Kurum, illegally visited the fenced off city of Famagusta, accompanied by a delegation, the latest in a...

Germany and France prepare new lockdowns as COVID sweeps Europe

  Germany and France were preparing to announce restrictions approaching the level of last spring’s blanket lockdowns, as COVID deaths across Europe rose almost 40%...

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...