Chief economist of the European Stability Mechanism (ESM) called for keeping fiscal buffers as external risks, such as trade wars and Brexit, could affect Cyprus economic growth. In an interview with the Cyprus News Agency (CNA), Rolf Strauch said despite the drastic reduction of non-performing loans (NPLs) in the Cyprus banking system, bad loans, along
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. By Makis Georghiou After twice recalling its tenders in the past month, the Greek electricity transmission system operator ADMIE finally issued new tenders for its Ariadne subsidiary to seek bidders for the cable project that will connect Crete to mainland Greece. This confirms earlier reports that Greece was going on its own to build
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European elections in Cyprus produced a landmark on Sunday when a Turkish Cypriot was elected as an MEP for the first time on the ethnically divided island. On the Mediterranean isle where the majority Greek Cypriot and minority Turkish Cypriot communities are separated by barbed wire, both sides came together to vote for candidates on
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. Not a long time ago, Cyprus had to face the protests of the local Property Action Group. A Group which was set up by foreign buyers mainly to place pressure on the Cyprus Government, and through the E.U., to correct the wrongdoings of the Cyprus Real Estate Market. We supported the Group because
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While telecommunication companies remain committed to rolling out 5G, experts argue that developments on the ground do not bode well for Cyprus getting superfast mobile internet soon. Telecom experts argue that companies are not in a position to adopt 5G technologies by 2020, a goal set by the EU, as providers and the market are
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Cyprus’ construction industry is enjoying a revival and continuing to regain the lost confidence of the crisis years, with stakeholders encouraged by an increase in diversified activity such as demand for student accommodation. Stakeholders feel that the barren years of the real estate crisis are behind them, however, the industry is still heavily dependent on
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. Cyprus felt rather pleased with itself in defying the legacy of colonialism by backing a UN resolution demanding the UK return control of the Chagos Islands to Mauritius. As a former colony, Brit-bashing is one of the island’s unofficial sports, a chance for politicians to sound defiant and patriotic when accusing the British of
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An increase in sales of locally produced building materials and a significant spike in imports is a tell-tale sign that the construction industry is cementing its progress made over recent years. According to Cystat data, imports of iron rods used in the construction industry saw a substantial increase of 22% in 2018 compared to the
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As part of the official celebrations for the anniversary of 500 years from the death of Leonardo da Vinci, the Italian Embassy in Cyprus in collaboration with the art historian Maria Paphiti, organise a lecture by the renowned Italian Professor Maurizio Seracini. The lecture will take place on 28 May at 7:15 p.m. at The
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. At last, the tedious election period comes to an end on Sunday with 70 Cypriots vying for the six seats in the European Parliament, itself a body that is suffering from major identity and survival issues. The campaigns were as monotonous as a piece of wood waiting to be painted or burned in the
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