“2013 recession not as severe as anticipated” Signs of stabilisation are emerging in the banking sector, however, the outlook remains challenging, with rising unemployment, falling credit, and increasing non-performing loans, the International
Cyprus President Nicos Anastasiades said that his government is about to create the post of deputy minister for shipping, one of six new cabinets posts he had promised a year ago in
Eurogroup President Jeroen Dijsselbloem dismissed worries that Cyprus, like Greece, will need additional help from its international lenders, noting that the two cases are not similar and that he expects that Cyprus
Government efforts focus on accelerating the process of exploiting hydrocarbons in the Cypriot Exclusive Economic Zone, Energy Minister Giorgos Lakkotrypis said yesterday, adding that two exploratory drilling are expected to take place
Ryanair has kicked off its Paphos summer season which includes a new route to Athens giving passengers in Cyprus a choice of ten destinations for summer 2014. The low-cost airline released 100,000
Eight Lufthansa flights from and to Larnaca international airport will be affected due to a strike by the German company`s pilots` union. Disruptions concern flights from and to Frankfurt and Munich airports.
Cyprus unemployment rose in February 2014 to 16.7%, from 16.5% in January, according to Eurostat data released Tuesday. The number of unemployed people in Cyprus reached 74.000. The euro area seasonally-adjusted unemployment
European Investment Bank President (EIB) Werner Hoyer will pay a one-day official visit to Cyprus. During the visit he will sign an agreement with Cooperative Central Bank for a loan amounting to
Eurogroup President Jeroen Dijsselbloem has dismissed worries that Cyprus like Greece will need additional help from its international lenders, noting that the two cases are not similar and that he expects that
Russia’s ambassador to Cyprus Stanislav Osadchiy has said that his country recognizes the fact that Cyprus is an EU member state and thus has to act within this framework with regard to
