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Covid-19 both curse and blessing for digital transformation, Dep. Minister for Research says

The coronavirus pandemic acted both as a curse and a blessing in Cyprus, forcing the authorities to move with unprecedented time frames to promote...

CySEC slaps sanctions, fine on executive directors of PFX Financial Professional

The Cyprus Securities and Exchange Commission (CySEC) said on Wednesday that it has imposed sanctions and an administrative fine on the executive directors of...

EBRD: Cyprus’ GDP to fall by 6.0% in 2020, rebound 5.0% in 2021

Economies across the EBRD regions may contract on average by 3.5% this year, with a rebound of 4.8% possible in 2021, according to an...

EY: The COVID-19 pandemic is drastically changing consumer behavior

The COVID-19 crisis is being defined by four distinct consumer behaviour segments, according to the first edition of the EY Future Consumer Index, a...

Beer deliveries from Cyprus factories plunge amid COVID-19 lockdown

Beer deliveries from factories in Cyprus in March and April plunged, as a result of the restrictive measures imposed to limit the spread of...

€1m boost from state for Cyprus Airways

Cabinet has approved €1 million in compensation for Cyprus Airways for losses sustained because Turkey prohibits Cyprus-registered airplanes from using its airspace, thereby making...

EastMed is a project of major geostrategic importance, Hatzidakis says

Greek Minister of Environment and Energy Kostis Hatzidakis said that the intergovernmental agreement between Greece, Cyprus and Israel for the construction of the EastMed...

The market needs oxygen, citizens expect consensus, FinMin tells CNA

The market needs oxygen, while the least citizens expect from politicians is to reach a consensus in order to support the economy in line...

39,4% annual drop on exported goods in first 2 months of 2020-Statistical Service

FILE PHOTO-Limassol port The Statistical Service of Cyprus published on Monday its monthly electronic report “Intra & Extra EU Trade Statistics (Summarised Data)” for February...

UCy: Cyprus GDP to suffer “severe contraction” in 2020

The University of Cyprus’ Economics Research Centre has projected that the country’s GDP is set to drop by 6.9% in 2020 under a baseline...

CyGas invited to participate in the transnational organisation “East Mediterranean Gas Forum”

Following a proposal by the Ministry of Energy, CyGas was offered to participate in the multinational East Mediterranean Gas Forum (EMGF) and in particular in the Gas Industry Advisory...

Restaurants in search of survival formula

By Eleftheria Paizanou Owners of food and drink businesses are in search of a survival formula due to the strict protective measures they are called...

Parliamentary Committee to discuss new government support package

The Parliamentary Committee of Finance convenes Monday via teleconference to discuss a new government package to mitigate the economic impact to the real economy,...

Cyprus government slashes spending by €367 million amid COVID-19 crisis

Cyprus Finance Ministry has slashed €367 million from public expenditure as part of a revision of the 2020 state budget amid the crisis of...

Eurostat: EU retail trade falls by 10.4% between February and March 2020

The seasonally adjusted volume of retail trade decreased by 11.2% in the euro area and by 10.4% in the EU, compared with February 2020,...

Vehicle registrations plummet an annual 81.3% in April

Total registration of motor vehicles in April 2020 slumped to 827,  a decrease of 81,3% compared to April 2019 as a result of the...

Registered unemployed spikes amid Covid-19 crisis

The  number of unemployed registered at the District Labour Offices on the last day of April 2020, reached 28,591 persons, CyStat said on Friday. Based...

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...

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...