Cyprus’ economy will fare better than expected from the pandemic fallout as it is expected to contract less than 7% of GDP this year, said Finance Minister Constantinos Petrides. In the early
By Sandra Nebritova It has been several weeks now, that the media is buzzing about the leaked information on the individuals that have managed to obtain Cyprus citizenship. Investigations were quickly opened
Commercial banks must properly prepare to address a new cycle of non-performing loans in 2021 created by the coronavirus pandemic, warned Cyprus Central Bank governor Constantinos Herodotou. He believes that NPLs are
New Car sales dipped to a five-year low in Cyprus for the first eight months of the year after the impact of COVID-19 lockdown, official data indicated Tuesday. For the eight months
The visit to Germany this week by Elon Musk to check out his futuristic plant, went largely unnoticed in Cyprus because we are so obsessed with corruption, conspiracy theories and selling passports
Cyprus announced on Thursday that it has decided to extend until the end of October financial support schemes introduced to mitigate the effects of the lockdown and restrictive COVID measures imposed. Talking
Cyprus has started licking its wounds in the aftermath of the coronavirus pandemic as damage to its economy are becoming evident as GDP shrank 11.9% in the second quarter. Data released by
The ‘Cyprus Papers’ revealed by Al Jazeera that humiliated the administration should be a wake-up call to everyone on this island that the goose that lays the golden egg has long gone.
Demetra Kalogirou, head of the task force reviewing high-risk cases of ‘golden passports’ that were issued to convicted investors, is seeking legal advice to see if their Cypriot citizenship can be revoked.
Cyprus tourism revenue recorded a steep annual drop for the first six months of this year, data released by the Cyprus Statistical Service show. Revenue from tourism in June 2020 reached €6.7