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CYPRUS: Europe\\\’s biggest casino resort to open 2021 at a cost of EUR 600 mln

Europe’s largest integrated casino resort (ICR) is on track to open in Limassol in late 2021 but the cost will exceed the initial budget of €550 mln to around €600 mln, Melco

4th July 2019
Business

CYPRUS: Draft legislation on blockchain technology to be ready this year

A draft bill to regulate blockchain technology in Cyprus should be ready before the end of the year, as part of Cyprus’ national strategy for blockchain, Finance Minister Harris Georgiades said on

4th July 2019
Business

ENERGY: EU will do what needs to be done over Turkey’s illegal Cyprus drilling

Brussels has reassured Cyprus the European Commission will do what needs to be done in the form of concrete action against Turkey`s continued illegal drilling activities in Cypriot waters. European Commission Vice

4th July 2019
Cyprus

TOURISM: Cyprus hoteliers count their losses as bookings dip

Cyprus hoteliers are counting their losses as the first half of the year comes to a close with bookings in decline and unlikely to recover. Although the decline varies from town to

4th July 2019
Business

CYPRUS: British bases anti-drug concert raises EUR 30,000

Cyprus Justice Minster George Savvides lent his support to British bases (SBA) police’s anti-drugs charity concert at the Curium Amphitheatre which raised more than €30,000. It took place under the auspices of

4th July 2019
Cyprus

ECONOMY: Cyprus employment rate for graduates below EU average at 81.3%

Cyprus is at the lower end of the EU scale when it comes to the employment rate for tertiary education graduates aged 20-34. In 2018, for graduates aged 20-34 in the EU

4th July 2019
Business

LEISURE: Cyprus casinos to notch up one million visits in August

In just over a year since the Melco-backed Cyprus Casinos started operating on the island they are expecting to register one-million-customer-benchmark next month. Craig Ballantyne, the Property President of Cyprus Casinos (C2)

3rd July 2019
Cyprus

CYPRUS: Number of registered unemployed plunges 20.4% in June

The number of Cyprus registered unemployed at District Labour Offices, decreased by 20.4% or 4,848 in June 2019 compared to a year ago, according to official data. Registered unemployed in June reached

3rd July 2019
Business

TRAVEL: SWISS launches flights from Geneva to Cyprus

Swiss International Air Lines (SWISS), which is part of the Lufthansa Group, has launched flights from Geneva, Switzerland to Larnaca, Cyprus. The route was inaugurated on July 3 and will be operated

3rd July 2019
Business

ECONOMY: Top Cyprus household expenditure is hotels and restaurants

Unlike most of Europe top of the household expenditure list in Cyprus is spending money on restaurants and hotels (17.5%) with housing and energy bills (15.4%) coming second. Household expenditure was mostly

3rd July 2019
Business
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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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Popular

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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