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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

CYPRUS: Key appointment as Woodbrook Group prepares to enter US market

Woodbrook Group, a Cyprus-based independent financial advisory and corporate services company with offices across Europe, Asia and the Middle-East, has signalled further expansion with the announcement of a significant new appointment. Mann

17th January 2019
Business

CYPRUS: Reduction of nonperforming loans by 34% reduces risks

A decline of nonperforming exposures (NPEs) in September, which showed a €5.6 bln or 33.6% decline versus August 2018, is credit positive for the Cypriot banking system because it reduces asset quality

17th January 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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