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Government to introduce new schemes after ESTIA fails

Cyprus is reviewing ways to enable distressed borrowers to keep their homes after its ESTIA scheme for toxic mortgages has failed to generate interest with only 10% of loan defaulters applying for

20th December 2019
Business

Cypriot Commissioner pledges to make Europe a healthier place

Cypriot EU Commissioner for Health and Food Safety Stella Kyriakides vowed to touch the lives of all EU citizens as the issues covered in her remit are every-day concerns from fighting cancer

20th December 2019
Cyprus/Life & Society

Cyprus and Egypt join forces to thwart Turkey’s maritime plans

Cyprus President Nicos Anastasiades held a phone conversation with his Egyptian counterpart Abdel Fattah el-Sisi to discuss their joint opposition to the Turkey-Libya maritime and security accords. According to a written statement

20th December 2019
Energy/Maritime

Cyprus airports hit record high of 11 million passengers

Larnaca and Paphos airports have set a new annual passenger traffic record as they welcomed 11 million passengers for the first time. It is estimated that more than 11.3 million passengers will

20th December 2019
Business

Three Cypriots arrested in Israeli ‘spy van’ probe

Cyprus police on Thursday arrested three Cypriots in connection with an alleged Israeli “spy van” equipped with sophisticated surveillance technology capable of hacking communications. The three suspects, two men aged 30 and

19th December 2019
Cyprus

Akinci says lifting of US arms embargo is negative for peace

Turkish Cypriot leader Mustafa Akinci argues that Cyprus is increasing energy tension with its regional military alliances while the US lifting the arms embargo is another negative step. Akinci said that only

19th December 2019
Energy

Cyprus 5G licensing process on track for 2020

The licensing process for 5G (5G) wireless is proceeding as planned and as expected the platforms will be allocated to providers within the deadlines set by EU legislation. That is the 700MHz

19th December 2019
Business/Life & Society

Cyprus nominates ECHR for 2020 Nobel peace prize

Cyprus is to nominate the European Court of Human Rights (ECHR) for next year’s Nobel Institute’s Peace Prize. Deputy Government Spokesman Panayiotis Sentonas said the cabinet has authorised the Justice and Minister

19th December 2019
Cyprus/Life & Society

Investors shrug off Trump’s historic impeachment

By Hussein Sayed, Chief Market Strategist at FXTM The S&P 500 snapped a five-day winning streak to close slightly lower on Wednesday. Despite the slight retreat, investors still seem in a risk-on

19th December 2019
Markets/World

Cyprus road deaths at highest level for two years

Despite police efforts, the number of traffic deaths has already exceeded last year’s toll, after a young motorist became the 50th victim to lose his life on Cyprus roads. Cyprus has significantly

19th December 2019
Cyprus
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Latest News

  • WTI hits 6-week high of $86, as supply concerns rise
  • WTI rally slows down as Tehran leaves door open to diplomacy
  • Cyprus NPLs drop marginally to €830 mln
  • Gold under pressure on inflation, Iraq supplies, Iran crisis
  • Burnham should keep Miliband “out of the Treasury”

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WTI hits 6-week high of $86, as supply concerns rise

Oil prices continue rallying on Wednesday as hostilities in Iran

WTI rally slows down as Tehran leaves door open to diplomacy

West Texas Intermediate traded around $81.30 on Monday, down 0.54%

Cyprus NPLs drop marginally to €830 mln

Non-performing loans in Cyprus remained almost unchanged at €830 mln

Gold under pressure on inflation, Iraq supplies, Iran crisis

Gold is down 0.7% to near $4,030 in European trading

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