. THIS is the time of year when people get itchy feet and tourists think about becoming expats. Britons, in particular, ponder turning a holiday on Cyprus into a way of life. They are here on vacation and they are enjoying the weather, the food, the relaxed pace. Understandably, they think how nice it would
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. By Makis Georghiou Chinese-controlled Hellenic Transmission System Operator ADMIE is using its ties with the previous Syriza administration to undermine the new government and push through its own agenda for the Crete-Attica electricity cable, a project that will cost more and take longer to build than the already-approved EU one. ADMIE seems to be
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The European Central Bank (ECB) warns of a “significant negative impact” to the Cyprus banking system if a new law amending foreclosure procedures is implemented. The ECB warning was included in an email sent to the Governor of the Central Bank of Cyprus Constantinos Herodotou. “Foreclosures play an important role in the Cypriot financial system,”
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Hollywood movie makers have taken a keen interest in Paphos as producers and their representatives met with the town’s Mayor in an effort to explore possibilities of filming at some of the resort town’s famous landmarks. Producers visiting Paphos Mayor Phedon Phedonos, this week were; Kayvan Mashayek the International chairman of the Producers Guild
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A majority of Cypriots (52%) cannot afford to take a one-week foreign holiday once a year, according to Eurostat. Among EU countries, only the Romanians, Croats and Greeks take less holidays abroad than Cypriots. It is estimated that 28.3% of the EU population aged 16 or over could not afford a one-week annual holiday away
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Vassiliko Cement Works posted after tax profits of €10.1 mln for the first six months of 2019, a 13.5% jump on the €8.9 mln made during the same period last year. Total income for the six-month period January-June stood at €53.99 mln from €49.6 mln for the same period in 2018. The Cypriot company, the
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Household debt dropped slightly to €20.4 bln in March from €20.5 bln in December 2018, accounting for 97% of Cyprus’ GDP, according to the Central Bank of Cyprus. Compared with December 2016 when such debt accounted for 119% of GDP there was a significant decrease of 22%. Data showed that the financial assets of households
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After just over one year in operation Cyprus Casinos celebrated another important milestone by welcoming its one-millionth visitor. Oana Georgiana Luca, a registered member, was the lucky one-millionth visitor to go through the doors at the C2 casino in Limassol on 18 July. She was presented with fine jewellery worth €5,000 as well as receiving
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. By Panayiotis Pachomiou Housing is so much more than simply having a roof over our heads. It gives us a personal sense of place and home and is the foundation of family and community wellbeing. However, with the increased cost of private sector housing compared with the level of household income and expenditure, a
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By Han Tan, Market Analyst at FXTM Asian equities are following US stocks lower, after US President Donald Trump once again adopted a confrontational tone in addressing the US-China trade imbalance. Such rhetoric fuels market caution, adding to the sense that a US-China trade deal remains far from imminent, even as negotiations are underway in
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