For the first time, Cyprus bank assets have dropped under €60 bln, mainly due to the closure of the Co-op as some assets not transferred in the Hellenic takeover. Total banking assets fell to €59.4 bln in September compared with €65.5 bln in June, while as expected, the value of loans dropped from €37 bln
More
Cyprus President Nicos Anastasiades has assured that the government is doing everything possible to upgrade standards of higher education. Addressing the 25th session of the Cyprus Rectors’ Conference in Nicosia, President Anastasiades expressed appreciation over the important role of promoting university education in Cyprus. In his speech, Anastasiades praised the results of cooperation between Cyprus
More
Limassol port dockers are to stage a 24-hour strike on Wednesday and will hold a demonstration outside the Presidential Palace in Nicosia while the Cabinet holds its weekly meeting. According to an announcement issued by trade union PEO’s branch representing port workers, the dockers will present President Anastasiades and his ministers with a letter explaining
More
Strong consumer spending put a smile on the economy with credit card transactions last year surging 33% compared to 2017, according to JCC payment systems. A reflection of the upward trend in transactions is the staggering total of €3.53 bln for 2018, from €2.73 bln the year before. In 2017 the increase was 13%. Card
More
While leaving 2018 behind, air carriers operating flights to and from Cyprus are preparing to battle it out for a bigger share of the market in 2019. Encouraged by the increase in the number of passengers passing through Cyprus’ two airports airliners are drawing up their flight schedules, while in some cases forming alliances, aiming
More
Cypriots with a toothache don’t have to go very far as Cyprus has the third highest number of practising dentists in the EU with 104 per 100,000 inhabitants. On the basis of a comparison in relation to population size, Greece recorded the highest number of dentists, at 123 per 100,000 inhabitants in 2016, according to
More
By Hussein Sayed, Chief Market Strategist at FXTM The first full trading week of 2019 may be characterised by improved investor sentiment, return of risk, and much less volatility in equity markets, thanks to the U.S. FOMC minutes and Fed talk that has shown a willingness to delay further tightening of monetary policy in an
More
. There has been deafening background noise over the doctors and nurses not wanting to sign up for a Cyprus national health service that will be free for all Cypriots whether rich or poor. And there seems to lie the problem in a scheme that treats everyone equally and aspires to deliver top quality healthcare
More
. Our support to the Cyprus citizenship through investment programme (passports/visas) is there, as is our objection to placing provocative adverts, especially after the EU warnings on the subject. This scheme has earned Cyprus more than €4.5 bln and as such, it is not something that we want to fool around with, but on the
More
Social insurance contributions have just gone up, but third-country nationals who pay their dues are not entitled to the same pension as Cypriots or EU nationals. Foreign workers from third countries are seeing their contributions to the Social Insurance Fund being flushed down a black hole, as the vast majority never collect a pension as
More