The highly promising Indian market is now within reach of Cypriot-regulated funds and regulated fund managers, signalling further growth for the sector. This week, India’s Ministry of Finance issued an order specifying
The pandemic and lockdown measures across Europe have left Cypriot holidaymakers with few choices for their summer getaways, but the Greek islands are proving popular. Travel agents are recording a sharp increase
Cyprus reported no deaths attributed to COVID-19 on Tuesday with a small increase in hospitalisations and new infections rising from 57 to 64, as the country banned all arrivals from India. Cyprus
Transport Minister Yiannis Karousos on Tuesday relaunched inter-city bus routes connecting Cyprus towns with its two airports in Larnaca and Paphos, as COVID-affected air passenger traffic improves. Kapnos Airport Shuttle Ltd relaunched
Cyprus’ recovery and resilience plan to make the economy socially and environmentally sustainable will increase GDP growth by 7% over the five-year implementation, said Finance Ministry official George Pantelis. At the online
DBRS Morningstar rating agency reports that Cypriot banks substantially accelerated the reduction of their legacy NPEs in 2020, dropping by 10 percentage points. It noted that NPEs not provisioned for reached their
According to a diplomatic source, UN special envoy Jane Holl Lute will visit Cyprus on June 21 to hold contacts with the two Cypriot leaders to gauge whether a new summit to
President Nicos Anastasiades’ efforts to deliver a Cabinet reshuffle to create a government of wider appeal have hit a brick wall as opposition parties are unwilling to offer support. Anastasiades launched a
By Lukman Otunuga, Senior Research Analyst at FXTM Asian shares were a mixed bag Tuesday morning even after Wall Street closed at record highs overnight. Caution will most likely remain a key
President Nicos Anastasiades has congratulated Israel for forming a government and looks forward to further developing the Cyprus-Israeli strategic partnership. The President tweeted: “My warmest congratulations to Prime Minister Naftali Bennett and
