Foreclosure freeze row gets ugly

Under the fear of an increase in Non-Performing Loans, as the European Central Bank continues to push interest rates up, a heated debate is brewing over the right of defaulted borrowers to

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Fitch affirms Cyprus credit rating, stable outlook

International rating agency, Fitch, affirmed Cyprus’ Long-Term Foreign-Currency Issuer Default Rating (IDR) at ‘BBB’ assigning a Stable Outlook, assuming that fiscal surpluses continue despite an economic slowdown. Furthermore, the agency revised upward

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Israel eyes Cyprus’ electricity

Due to estimated shortages in electricity generation capacity, Israel wants to fast-track its cable interconnection with Cyprus, said Energy Minister George Papanastasiou. Confirming media reports, Papanastasiou said the issue was discussed at a

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Football corruption runs deep

Cyprus football’s reputation continues to be tarnished by corruption claims after the head of the National Betting Authority was under criminal investigation for refusing to provide information on match-fixing. The revelation came

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A new era for Larnaca

Something is changing in Larnaca, with many projects going on in the public and private sectors. What is noticeable is the ongoing “renovation” of the old town extending from the coastal line

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