The European Investment Bank (EIB) approved two loan schemes for Cyprus totalling €170 mln, strengthening government support to small and medium sized enterprises (SMEs) while boosting private sector growth and competitiveness. A Finance Ministry statement said the first loan of €130 mln is in the context of the well-known EIB scheme implemented in Cyprus since
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Chinese investors have bought a 31,171 m² mixed development plot for some €30 mln in Limassol which once hosted LOEL wineries. The oblong plot once belonging to the Laiko Group stretches from Franklin Roosevelt Avenue to the coastal area of Karnagio between the old and new Limassol ports. The property was acquired by Bank of
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Cyprus MP and women’s healthcare activist Stella Kyriakides has got the nod as EU Commissioner for Health, making her part of a strong female presence in the new-look executive. Kyriakides, one of 13 women commissioners from 27, replaces outgoing Christos Stylianides as Cyprus’ commissioner in Brussels. The first woman President-elect of the European Commission Ursula
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Saudi Foreign Minister Ibrahim Bin Abdulaziz Al-Assaf makes a landmark visit to Cyprus on Wednesday, the first ever in the history of diplomatic relations between the two countries. Cyprus Foreign Minister Nikos Christodoulides will meet with his Saudi counterpart in Nicosia, for expanded talks with the participation of delegations, during which bilateral relations are expected
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The value of Cyprus building permits issued in the first half of 2019 reached €1.7 bln, more than double the amount for the same period last year. During the six-month period January-June 2019, 3,393 building permits were issued compared to 3,110 in the same period of 2018. These permits provide for the construction of 4,200
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Cypriots planning to make a late foreign getaway will still have to dig deep into their pockets just to get off the ground. Last-minute holidaymakers flying to any destination should expect to dish out a significant amount on airfares, as high demand and short supply has kept airfares relatively high. Indicative of the situation, Cypriots
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A primary School in Aglandjia, Nicosia is promoting the love of books while building environmental awareness through recycling and reusing them. The school is among a few in the Nicosia district that promotes organized actions for the recycling and reuse of books and textbooks. The campaign is supported by the Cyprus Pedagogical Institute and Aravella
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By Lukman Otunuga, Senior Research Analyst at FXTM Market activity during the Asian session on Tuesday was a mixed affair as investors juggled with soft inflation data from China and optimism around trade relations between the two largest economies in the world. European shares are positioned to enter standby mode ahead of the highly anticipated
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Cypriot President Nicos Anastasiades meets Greek Prime Minister Kyriakos Mitsotakis in Athens on Tuesday to coordinate action on Cyprus peace talks and Turkish drilling activity in the region. Anastasiades will brief the Greek PM on the results of his recent contacts with UN envoy Jane Holl Lute while the two leaders are also coordinating action
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Cyprus Ministry of Foreign Affairs has roundly condemned Turkey's stated intention to open a “consulate general” in the fenced-off ghost town of Varosha. In a statement, Nicosia said this behaviour reveals Turkey’s attempt to create a new unacceptable fait accompli and to undermine the resumption of UN-sponsored Cyprus talks. It said the Republic of Cyprus
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