Washington expects Turkey to refrain from illegal actions inside Cyprus’ exclusive economic zone and backs a regional alliance that involves Greece and Israel. This was the message from visiting US Deputy Assistant
Inflation was slightly up in May compared to April and to May last year, data released by the Statistical Service showed. In May, the Consumer Price Index increased by 0.14 units and
A total of 486 bank branches have closed in Cyprus over the past six years following the demise of two of its largest lenders, Laiki Bank and the Co-op in 2013 and
A land concession agreement has been signed at the Ministry of Energy, Commerce and Industry in Nicosia where the first HVDC converter station for the EuroAsia Interconnector electricity cable will be built,
A government law modifying the Business of Credit Institutions and transposing the EU's Directive into national legislation offers greater security for depositors but leaves bondholders in the lurch, says Moody’s. As the
Nicosia parents are in uproar after a local school decided to chop down more than 70 trees, they had planted around its perimeter to make way for a fence. A total of
In Cyprus, "significant vulnerabilities persist despite an improved economic context and some recent stepping up of policy commitments", according to the European Commission. The European Commission has given country-specific recommendations (CSRs) and
In a deal worth €97.5 mln Bank of Cyprus has finally offloaded unwanted insurance firm CNP when acquiring it by default after Laiki Bank was shut down during the 2013 bailout debacle.
Despite an extra 50,000 more seats added by airlines this summer, weaker holiday bookings suggest tourist arrivals to Cyprus will be lower than 2018. Deputy Tourism Ministry Savvas Perdios told reporters after
Cyprus will earn $9.3 bln over 18 years from exploiting its Aphrodite gas field after Nicosia renegotiated a contract with industry giant Shell, US-based Noble and Israel’s Delek, the energy minister said
