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FINANCE: Cyprus raises EUR 1.5 bln from oversubscribed ten-year bond

Cyprus successfully issued 10-year European Medium-Term Note (EMTN), oversubscribed by more than five and a half times, raising €1.5 billion with an interest rate of 2.4%. Minister of Finance Harris Georgiades tweeted

19th September 2018
Cyprus

CYPRUS: Government will not lower taxation on petrol at the pumps

Finance Minister Harris Georgiades on Tuesday ruled out any notion that the government intends to revise taxes for cheaper petrol as motorists go north.     Georgiades was addressing MPs’ concerns regarding queues

18th September 2018
Cyprus

ECONOMY: Cyprus among best performers in eurozone

Cyprus was among the top five outperforming economies in the eurozone in the first half of 2018, according to a macro update published by DBRS on Tuesday. But Cyprus was the only

18th September 2018
Cyprus

POLITICS: Future of stalled Cyprus talks still in the balance

What happens in the coming weeks will determine the future of mired Cyprus reunification talks, the UN Secretary General’s Special Representative Elizabeth Spehar said on Tuesday. She held talks with President Nicos

18th September 2018
Cyprus

DIPLOMACY: Trump says Cyprus is a valuable US partner in the Med

US President, Donald Trump, has described Cyprus as a valuable partner of the US in a vulnerable East Med region, according to diplomatic sources. Trump was speaking at the ceremony during which

18th September 2018
Cyprus

CYPRUS: One in four Cypriots still face the risk of poverty

Despite an economic recovery and the end of harsh austerity the number of Cypriots close to the poverty trap is still one in four even after a slight drop. Data released on

17th September 2018
Cyprus

TOURISM: Cyprus on track to beat tourist arrivals record

An influx of tourists from new markets Poland and Ukraine helped Cyprus set another benchmark as arrivals for August were the highest on record paving the way for its best year ever,

17th September 2018
Cyprus

CYPRUS: Bicommunal digital platform makes European Youth Award finals

CyprusInno, a bicommunal digital platform connecting Cypriot entrepreneurs, start-ups and innovators, has reached the finals of the 2018 European Youth Award competition, a statement said. The project called “entrepreneurship as a peace-building

17th September 2018
Business

POLITICS: Turkey does not need a base on Cyprus but will increase troops

Ankara does not have plans to build a naval base in the Turkish-held north of Cyprus, but the armed forces will increase its deployment of troops on the island, Turkey President Recep

17th September 2018
Cyprus

CYPRUS: Student visa system hindering the development of Cypriot Universities

. By Floros Voniatis, CEO Chair of the Council, UCLan Cyprus According to recent research, Higher Education in Cyprus is proving to be a very promising business sector which provides a substantial

17th September 2018
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  • Cyprus NPLs drop marginally to €830 mln

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