Finance Minister Makis Keravnos has told Cyprus banks to lower their interest rates on loans in a bid to get ahead of a possible new toxic loan crisis for the banking sector,
Justice Minister Anna Prokopiou held an urgent meeting at the ministry on Monday to review the latest episode of sports violence which took place during and after the Apollon-Anorthosis basketball match on
No systemic threat, but interest rate hike is a risk The Cyprus banking system will not be feeling any aftershocks of the collapse of major US banks, and most recently the troubled
The best way to get the European Union on board in a final push to help resolve the ‘Cyprus problem’ would be to regain the trust of our EU partners, some of
Consumers in Cyprus are not taking well to increased prices at hospitality venues, pushed up by hiking costs of raw materials and energy, as owners report a steep drop in their business.
New Health Minister Popi Kanari said closing loopholes in the country’s General Health System that allow for abuse is at the top of her to-do list. In an interview with the Financial
The inflation rate in Cyprus is declining but still high [at 6.7% in February]. Interest rates are low, 1.29% for household deposits and 1.27% for business deposits. In addition, there are no
The Central Bank of Cyprus (CBC) has marginally pushed up its projections for GDP growth this year citing the slightly improved prospects in the external economic environment and the anticipated lower energy
Cyprus government officials and the Limassol port operator DP World said they will work together to turn Limassol port into the port of choice in the Eastern Mediterranean, attracting even more users
A second autopsy on the body of Lesya Bykova found that the woman’s death was an accident, disputing the findings of a first autopsy carried out by state pathologists which pointed to
