Hellenic Bank’s voluntary early retirement plan to streamline operations will decrease capital and weigh on its profitability this year but reduce its workforce by 17% and lower operating costs, a credit-positive move,
Finance Minister Constantinos Petrides made a bold declaration this week, telling investors that Cyprus can be a financial hub in the eastern Mediterranean and very soon become a ‘triple A’ economy. But
The annual Quantum Nicosia Marathon, the ultimate athletics and spectator event in the capital, kicks off with a series of activities, from exercise, to cultural walks and the final race day on
Cypriot consumers will see their electricity bills deflate slightly as a 2.2% reduction is expected on their December fees, as fuel prices drop internationally. In statements, the Electricity Authority’s (EAC) spokesperson Christina
Police seized the wrong dog in their search to locate the Pitbull that had attacked a 10-year-old girl and a 55-year-old woman and killed a small dog in Nicosia. The incident happened
A 25-year-old British tourist had his jail term doubled to two-and-a-half years after the prosecution service appealed the lenient sentence for the hit-and-run death of a Swedish mother in the holiday resort
Cyprus’ economy is recovering from the COVID-19 pandemic, as data shows that GDP in the first nine months has grown faster than expected. According to data released by CyStat, the economy grew
Education Minister Prodromos Prodromou said his ministry has a positive stance on introducing sex education in schools after criticism from MPs to his initial statements that it would “complicate” the curriculum. On
More than 80% of businesses with ten or more employees provided mobile devices with access to the internet and business email, according to a survey on information and communication technologies (ICT). The
The first National Action Plan to promote Cypriot wine is burgeoning, as exports in 2021 saw a rapid annual increase of over 60%, said Commerce Minister Natasa Pilides. She was celebrating International
