Home Insider

Insider

Only four out of 10 hotels in Nicosia currently in operation

Only four out of 10 hotels in the capital of Nicosia are now operating with the coronavirus having gravely affected them, Philenews reported on...

European Investment Bank’s Hoyer in Cyprus for talks

President of the European Investment Bank Werner Hoyer on Monday will meet in Nicosia Cypriot officials to discuss new ways to support the economy...

Total employment drops 1.1% in 2020 2nd quarter

Total employment for the second quarter of 2020 decreased by 1.1%, compared to the corresponding quarter of 2019, according to CyStat. Total Employment for the...

Cyprus records annual deflation of 1.2% in August

Data released by the Cyprus Statistical Service on Thursday show that Cyprus recorded an annual deflation of 1.2% this August. In August 2020, the Consumer...

Large annual increase of registered unemployed recorded in August

Data released by CyStat shows a large annual increase up to 69.2% of registered unemployed people in Cyprus this August compared to August 2019. In...

Energy sector in Cyprus changing drastically, President says

The energy sector in Cyprus is changing drastically due to the creation of the energy centre in Vasiliko and the supply of natural gas,...

Business loans drop, mortgages and consumer loans increase in July

New business loans in Cyprus recorded a drop in July this year compared to June while consumer loans and housing loans increased. At the same...

Unemployment rate at 6.9% in July 2020 in Cyprus

The seasonally-adjusted unemployment rate in the euro area was 7.9% in July 2020, up from 7.7% in June 2020, and EU unemployment rate was...

Student housing rent pricing across Greece in 2020

It's easier to find student housing in Greece this year though pricing is showing an upward trend. Xanthi, Ioannina, Pyrgos, Sitia – Ierapetra, Sparta, Karditsa,...

Deficit in General Government fiscal results for January – July

The preliminary General Government fiscal results, which are prepared by the Statistical Service of Cyprus (CyStat) indicate a deficit of €930.9 million (4.6% of...

Turnover Value Index in Services drops in 2nd Quarter of 2020

The Turnover Value Index during the second quarter of 2020, including the period during which COVID-19 containment measures were in force in Cyprus, recorded...

Industrial Output Prices Index drops in July 2020 compared to June

The Industrial Output Prices Index for July 2020 reached 98.8 units (base 2015=100), recording a decrease of 1.7% compared to June 2020. For the January...

GDP growth rate estimated at -11.9% for 2nd quarter of 2020

The GDP growth rate in real terms during the second quarter of 2020 is negative and it is estimated at -11.9% over the corresponding...

Public servants in Cyprus vote down early retirement scheme

Public servants in Cyprus are unwilling to retire early considering that out of 4,088 eligible candidates of a proposed scheme only 450 are actually...

AstroBank CEO Loizides steps down, replaced by Vourakis

The Board of Directors of AstroBank Public Company Limited has accepted the resignation for personal reasons of the lender's CEO Constantinos Loizides (photo) and...

Total loans in Cyprus hit record low in July 2020

The outstanding amount of total loans fell to a new low of €31.9 billion in July 2020, according to data released by the Central...

Fuel sales drop by 16% in July due to drop in aviation fuel

Total petroleum product sales marked an annual reduction of 15.9% fuelled mainly by the steep decline in the sales of aviation fuel, as air...

Economic sentiment improves, consumer confidence weakens in August

Economic sentiment in Cyprus improved in August 2020, as the Economic Sentiment Indicator (ESI-CypERC) increased by 1.9 points compared with July 2020. However, consumer confidence...

Cyprus’ Retail Trade Value Index decreases in June 2020

Based on provisional estimates by the Statistical Service of Cyprus, the Turnover Value Index of Retail Trade in Cyprus compared to the corresponding month...

Cyprus’ Deputy Ministry of Tourism announces plan to support domestic tourism

Cyprus' Deputy Ministry of Tourism announced the launch of an Extraordinary Plan for the Support of Domestic Tourism aiming to encourage holidays in Cyprus...

At risk of poverty 22,3% of the population in Cyprus in 2019

According to the results of the Survey on Income and Living Conditions 2019, 22,3% of the population in Cyprus or 194.400 people were at...

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...