Hellenic Bank, Cyprus’ second-largest commercial bank, is reducing its staff by some 300-350 people to bring down operating costs. According to news site Stockwatch, Hellenic’s CEO Oliver Gatzke has sent letters to
The government will invest €15 mln in incentives for developers to build student accommodation in the old town of Nicosia to address a shortage in the capital, announced Interior Minister Nicos Nouris.
A 33-year-old man accused of setting fire to a Limassol court evidence room, destroying proof in a major drug case was sentenced to seven years in prison on Monday. The Limassol Criminal
Annual household electricity bills shot up by 36% in Cyprus in the second half of 2021, the third-biggest increase in the EU27. According to Eurostat, in the second half of 2021, average
Cyprus will soon have its first university hospital, as MPs are set to pass the legal framework allowing for the creation of uni clinics and hospitals. The island is the only EU
In the last few months, Google searches for tourism-reliant Cyprus topped the respective searches for the island in 2019 when a record 3.97 million tourists arrived for a holiday. Cyprus Deputy Tourism
Cyprus authorities are building up the island’s firefighting capacity ahead of the hot summer months, with Agriculture Minister Costas Kadis announcing the employment of two planes from Spain. In comments to state
A 44-year-old man was detained in Cyprus police custody on suspicion of people smuggling 29 Syrians on an overcrowded boat intercepted off the island’s southeast coast. The Famagusta District Court on Sunday
Passenger traffic to Cyprus is expected to increase by 50% this year from the 2021 figures, despite the challenges of the pandemic and the Russian invasion of Ukraine. Transport Minister Yiannis Karousos
The Euro area is expected to see slow growth in the EA in the near term, as economic activity is affected by Russia’s invasion of Ukraine, especially through weaker confidence and higher
