Cyprus’ ESTIA scheme subsidising borrowers with toxic mortgages is off to a shaky start as only one-fifth of applications submitted are expected to be approved as the large majority were filed incomplete.
France supports Cyprus in an escalating dispute with Turkey determined to drill for energy resources in Cypriot waters, said French Defence Minister Florence Parly on Tuesday. Parly met Cyprus President Nicos Anastasiades
Strong growth prospects and sustained fiscal discipline places Cyprus on a firm declining path but contingent liabilities, healthcare and public sector wage-related costs, as well as weaker external conditions, pose risks to
Turkey is taking advantage of worsening relations between Russia and NATO to push for more influence in the eastern Mediterranean and most countries have failed to react, Cyprus warns. “Turkey feels unrestrained given U.S. efforts to
By Lukman Otunuga, Senior Research Analyst at FXTM Risk aversion swept through Asian markets on Tuesday morning after Apple warned investors it may not meet revenue targets for this quarter due
A surge in tourists from Israel helped Cyprus achieve a record number of arrivals for January, increasing 4.5% annually to exceed 85,000. According to official figures, arrivals of tourists reached 85,622 in
Cyprus reunification would see the income of Greek Cypriots and Turkish Cypriot increase by 7% within a decade post-solution, a World Bank and U.N.-funded report said. Study authors Enrique Aldaz-Carroll and Reena
Last year, the European Investment Bank provided €230 mln for investment in Cyprus, equivalent to 1.04% of GDP, the highest EIB ratio than anywhere in the EU. “2019 has been a particularly
French fighter jets took part in a joint military exercise on Monday to test Cyprus’ air defences to better prepare the island for any possible attack. Cypriot Defence Minister Savvas Angelides said
France’s Armed Forces Minister Florence Parly will hold talks on Tuesday morning with Cyprus President Nicos Anastasiades, and Defence Minister Savvas Angelides on closer military cooperation. Parly will also visit the French
