Bank charges hike sparks outcry

A decision by Cyprus’ two largest lenders, Bank of Cyprus and Hellenic, to impose new charges has sparked a customer backlash, as it is the second time in two years, they made

National minimum wage above €924

Cyprus will introduce a national minimum wage next year, as social partners are set to agree on the monthly income for workers that could be closer to €1,000 a month. According to

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Bank deposits increased to €51.2 bln

Cyprus bank deposits in November increased 5.8% annually while loans decreased, according to Central Bank data. According to the data, total deposits in November recorded a net increase of €480.8 mln, compared

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COVID19: Cyprus bolsters child vaccination drive

In collaboration with the Cyprus Pediatric Society, the Health Ministry will start vaccinating children aged 5-11 from 2 January at the vaccination centres. A Health Ministry statement said the decision was taken

Police probe Larnaca gangland murder

Cyprus police are investigating what is believed to be a gang-related murder of a 53-year-old man who was gunned down outside his Larnaca home on Tuesday night. The victim, identified as Andreas

COVID19: Bracing for stricter measures

Cyprus is bracing for stricter measures to control the spread of Covid-19 that hit two successive records in two days, with the cabinet holding an emergency meeting Wednesday afternoon to consider a

Eurobank acquires 12.6% of Hellenic Bank

Greece’s Eurobank Ergasias announced it had completed the acquisition of 12.6% of Hellenic Bank, Cyprus’ second-largest lender. The Greek bank said it completed the acquisition of a 2.7% stake of Hellenic Bank’s