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Hellenic Bank posts net loss of €2.2 million following increased provisions due to Covid-19
The Hellenic Bank posted €2.2 million loss after tax for the first quarter of 2020, with the bank affected negatively by increased provisions due...
Deposits decline for fifth consecutive month in May
Deposits in the Cyprus banking system marked a net reduction for a fifth consecutive month in May with total deposits amounting to €47.8 billion.
Data...
Fuel sales bounce back following easing of lockdown
Fuel sales returned to a recovery path in May when the easing of lockdown measures began in Cyprus.
According to data published by the Statistical...
Economic climate in Cyprus improves following a two-month significant drop due to Covid-19
Economic sentiment in Cyprus marked a 2.3 point increase in June following significant reductions in the last two months, affected by the lockdown measures...
Commission approves Cyprus’ €280 mil schemes to support companies and self-employed affected by pandemic
The European Commission approved under the State aid Temporary Framework two Cypriot schemes providing direct grants and subsidised interest rates to companies and self-employed workers...
Cyprus’ Natural Gas Infrastructure Company secures €80 million financing by EBRD
European Bank for Reconstruction and Development (EBRD) gave the green light for 80 million euros funding to the Natural Gas Infrastructure Company of Cyprus...
Retail trade down 30.2% during April’s lockdown
Retail trade reduced significantly in April 2020, the second month during which COVID-19 containment measures continued to apply in Cyprus.
On the basis of provisional...
Giovani Group: First 30 villas of “Levanda Hills” project delivered
Giovani Group’s state-of-the-art luxury holiday home complex Levanda Hills in Ayia Triada in Protaras is fully ready to welcome its first guests, the company...
Largest share of govt debt held by non-residents recorded in Cyprus
The share of government debt held by the resident financial corporations sector at the end of 2019 was highest in Denmark (74%), followed by...
Cyprus Airports: In full operation for phase B
As of the early morning hours of Saturday, Larnaca and Paphos Airports entered Phase B of the action plan which has been formed by...
Deputy shipping minister visits Ayia Napa Marina
Deputy shipping minister, Natasa Pilides on Thursday visited Ayia Napa Marina flagship project, where she had the opportunity of a tour to the premises...
NPEs in the Cyprus banking system record slight increase in January
Non-performing exposures (NPEs) recorded a slight increase in January over the previous month, attributed to the end-of year capitalised interest.
According to data released by...
Responding to COVID-19: How to manage VAT and optimize cash flow
By Kyriakos Fili
The current coronavirus situation is putting pressure on finances and testing many businesses like never before. As businesses struggle to manage cash...
EBRD doubles trade finance limit to Bank of Cyprus to €100 million
The European Bank for Reconstruction and Development (EBRD) has doubled its trade finance limit to the Bank of Cyprus to benefit businesses, including small...
Hourly labour costs up 4.4% in Cyprus in 1Q 2020
Hourly labour costs rose by 3.4% in the euro area, by 3.7% in the EU, by 4.4% in Cyprus and 1.5% in Greece in...
Cyprus the highest climber in IMD 2020 World Competitiveness Ranking
Cyprus was the highest climber in the 2020 IMD World Competitiveness Rankings, marking an improvement in all four categories that make up the overall...
BSM and CMMI on a “True North 72” heading for cooperation on maritime innovation
International ship manager Bernhard Schulte Shipmanagement (BSM) and the Cyprus Marine and Maritime Institute (CMMI) have signed an MoU to launch a game-changing initiative...
Delay on crew changes bring distress to shipowners and seafarers
The Cyprus Shipping Chamber expresses its deep disappointment because despite repeated appeals and proposals from the International Shipping Industry, "there is a delay from...
Residential Property Price Index loses steam due to declining foreign demand
The Cyprus Residential Property Price Index (RPPI) continued its upward trend albeit with a declining pace, affected by the reduced demand from foreign investors...
Sachs: Good leadership important to overcome crises such as pandemic
By Evie Mitsidou Phillips (CNA)
Good leadership is important to overcome crises such as the COVID-19 pandemic, renowned economist, Director of the Center for Sustainable...
EIB approves €150 million for LNG project in Cyprus
The European Investment Bank’s (EIB) Board of Directors has approved the amount of €150 million to fund the construction of a project which will...
Top Stories
Local
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...
World
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...
Local
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...
Local
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...
World
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
Local Food
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...
Local Food
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...
Local Food
‘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...
Local Food
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...