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CYPRUS: Turkish Cypriot conscientious objector freed from jail

Turkish Cypriot conscientious objector Halil Karapasaoglu was released from prison on Friday after being sent to prison for not paying a 2000 TL (EUR 360) fine imposed by a military court in

18th January 2019
Cyprus

FINANCE: Bank of Cyprus to close 15 branches in restructuring drive

The island’s largest lender, Bank of Cyprus announced that it is to close 15 branches as part of a restructuring plan. In statement released on Friday by its director of Consumer Banking

18th January 2019
Business

CYPRUS: Major halloumi producer Pittas Dairy shuts down

Pittas Dairy industries ceased production as of Friday, despite staff reporting for duty, they were not able to start the day’s production as there was no milk available to work with. According

18th January 2019
Cyprus

CYPRUS: House Price Index rises 1.7% in Q3 2018

The House Price Index (HPI) in Q3 2018 increased 0.2% reaching 104.19 units compared to Q2, while compared to the same period a year ago the index rose 1.7%. The HPI is

18th January 2019
Business

CYPRUS: Post office to start using drones to deliver packages by 2020

Cyprus Post seeks to use unmanned drones to deliver parcels of up to four kilos to recipients, Andreas Gregoriou, Director of the Department of Postal Services told the Cyprus News Agency (CNA).

18th January 2019
Business

CYPRUS: Interim solution for British Bases status if Brexit goes bad

The status of the British Bases in Cyprus is in the balance as a no-deal Brexit looms, but Nicosia said contingency plans are being made for an interim solution to be applied

17th January 2019
Cyprus

PROPERTY: Cyprus real estate sector to continue growing in 2019

After a highly successful year for the home construction industry, real estate specialists see property sales continuing their upward trend reaching ‘normal levels’ for conditions of a healthy market without the risk

17th January 2019
Cyprus

ECONOMY: Annual inflation rate in Cyprus dropped to 1% in December

Inflation in Cyprus dropped to 1% in December down from 1.6% the month before, while a year earlier the annual rate was -0.4%, according to Eurostat. Meanwhile, the euro area annual inflation

17th January 2019
Business

TRAVEL: Cyprus smashes annual tourism arrivals record

Cyprus annual tourist arrivals spiked 7.8 per cent in 2018 with the total for 2018 reaching 3.93 million smashing its previous record, official figures showed Thursday. In 2018 arrivals of tourists totalled

17th January 2019
Cyprus

CYPRUS: Foreign investors looking to build boutique hotels in Nicosia

The heart of Nicosia is to play host to a new boutique hotel as Bank of Cyprus and an Israeli company are a step away from sealing a €9 mln deal that

17th January 2019
Cyprus
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