New find makes Cyprus gas more viable

Cypriot Energy Minister Natasa Pilides said Tuesday that a new gas find off Cyprus would help the EU member state speed up the commercial exploitation of its untapped resources and help supply

Markets whacked by hawkish Fed worries

By Lukman Otunuga, Senior Research Analyst at FXTM   Asian shares were in the red on Tuesday, tracking a heavy sell-off on Wall Street overnight as concerns over upcoming aggressive Fed hikes sapped

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New HIV-1 strain discovered in Cyprus

Cypriot scientists have discovered a recombinant strain of the HIV-1 virus circulating in Cyprus, collaborating with the Gregorios AIDS Clinic at Larnaca General Hospital. The discovery was made by UCy’s Laboratory of

Housing loans reach new peak

Despite strong inflationary pressures crushing household incomes, the value of new mortgages taken out had reached its highest level since December 2014, when the Central Bank began recording data. Net new mortgage

Cyprus internet speeds in slow lane

Some 41% of households in Cyprus enjoyed high-speed internet coverage, a huge gap from the rest of the EU, where 70% enjoyed fast broadband. Cyprus had the second lowest coverage in fixed,

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Golden passport scheme ‘rotten until the end’

The Citizenship for Investment scheme was “rotten” to its core, while several actions of government officials could constitute criminal acts, said the Audit Office on Monday. Releasing an almost 200-page dossier containing