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TRAVEL: Cyprus Airways adds Thessaloniki as new destination

Cyprus Airways has added Thessaloniki to its flight network for winter 2018/19 from Larnaca Airport. Flights to Thessaloniki are available to book from 23 October. The company also announced increased flight frequency

23rd October 2018
Cyprus

FINANCE: Romania’s leading insolvency firm CITR looking to improve Cyprus market

CITR, Romania’s insolvency market leader is hoping to improve the local framework following the establishment of their new Cyprus office. CITR’s new Nicosia office aims to maximise the value of the debtors’

23rd October 2018
Business

CYPRUS: Two teenage Cypriots win NASA challenge on space colonisation

Two 14-year-old Cypriot pupils won first prize in a global competition run by NASA in the SpaceApps Challenge. The competition in Nicosia took place in the presence of NASA Chief scientist Dr

23rd October 2018
Business

CYPRUS: President to submit his ideas on a looser federation post-solution

Cyprus President Nicos Anastasiades will present a more detailed proposal concerning his ideas about a decentralised federation in post-settlement Cyprus, at Tuesday’s meeting of the National Council.  The move towards a looser

23rd October 2018
Cyprus

CYPRUS: New Hotel projects grow as Airbnb is to be regulated

New hotels are sustaining a construction industry boom as hoteliers also go ahead with renovations and expansions, despite challenges posed by private self-service accommodation units. According to data released by the Cyprus

22nd October 2018
Cyprus

CYPRUS: Turkey warns Cyprus energy exploration doomed to fail

Turkish President Recep Tayyip Erdogan warns that Cyprus East Med energy exploration will end in failure. “We are saddened by their (Greek Cypriot) unilateral hydrocarbon explorations in the Eastern Mediterranean that are

22nd October 2018
Cyprus

ECONOMY: Cyprus recorded Europe\’s second largest budget surplus in 2017

Eurostat confirmed on Monday that Cyprus had a budget surplus of +1.8% of GDP in 2017 putting it only second behind Malta. According to Eurostat, the GDP of Cyprus stood at €19.571

22nd October 2018
Business

CYPRUS: Defence Minister to brief France on Turkish energy threat in region

Cypriot Defence Minister Savvas Angelides is expected to brief his French counterpart, Florence Parly, over Turkish threats to Cyprus’ energy search within its exclusive economic zone (EEZ). During their meeting on Monday,

22nd October 2018
Cyprus

FINANCE: DBRS says Cyprus banking sector has cut NPLs stock by nearly half

Rating agency DBRS backs efforts by the Cyprus government and banks to reduce bad loans saying liquidation of the Co-op has halved NPL stocks and limited the banking sector from 320% of

22nd October 2018
Cyprus

CYPRUS: EU to send technical team for assistance on migration spike

An EU technical team on migration will visit Cyprus to discuss additional assistance to Nicosia which is struggling to manage a spike in asylum seekers arriving by boat. The move comes after

22nd October 2018
Cyprus
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Latest Comment

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