Losing the halloumi brand

Cyprus could lose its flagship export product, halloumi, as the government turns the heat on dairy producers that do not meet the required EU standards under the cheese’s PDO (Product of Designated

Cablenet adds more Plume for smart homes

Leading independent telecoms provider Cablenet is extending its partnership with cloud-controlled smart home service provider Plume, adding security and AI-enabled services to its Purple Max internet bundle. Aiming to make the subscriber’s

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New bank loans plunge 50%

New credit granted by Cypriot banks dropped by nearly 50% in April compared with the previous month, pushed downward by a big reduction in housing loans. According to data published by the Central

Cyprus gets tough on squeaky cheese

Authorities will turn up the heat on dairy producers trading Halloumi products that do not meet the required EU standards under the cheese’s PDO (Product of Designated Origin), following a Legal Services

EuroAsia hiring engineers, key admin staff

EU-funded EuroAsia Interconnector is recruiting for key engineering and administration positions, offering a substantial pay and benefits package. The 2,000MW infrastructure, connecting the national electricity grids of Israel, Cyprus, and Greece, said

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Cryptocurrencies could damage EU economy

Volatile, high-risk cryptocurrencies can cause harm to the European economy, argues a senior official at the Cyprus Central Bank. Christos Phanopoulos, Senior Director of the banking operations at the Central Bank, told

Fund industry strengthens economic resilience

Even as tourism and construction showed weaknesses, the economic performance showed resilience, argued Finance Minister Constantinos Petrides speaking at the 10th AGM of the Cyprus Investments Fund Association (CIFA). Petrides underscored the

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AstroBank returns to profit

AstroBank posted a net profit of €3.3 mln in 2021 and €18 million before provisions, against a net loss of €18.1 mln in 2020. The bank attributes its profitability to the new,

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