Cyprus has seen a significant increase in household internet access reaching 86.2% from 79.4% last year, with Cypriots mainly buying clothes and air tickets online, official figures show. The percentage of households with access to personal computers was also higher at 78.7% in 2018 compared to 75.9% in 2017. A slight increase was observed in
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Cyfield Group of companies has completed work on the beautification and landscaping project of the area surrounding the Archigramatia area of central Nicosia. The project, which was delivered on 6 December, included the construction of 586 parking spaces, a park, walkways, a cycle lane, connection with the Pedieos River Linear Park and maintenance of the
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Kirill Zimarin, CEO of RCB Bank was re-elected President of the Association of International Banks in Cyprus during the 16th Annual General Meeting in Limassol. Zimarin, who has been President of the Association since 2008, will continue to chair the Association for the next two years. Referring to the latest developments of the economy, Zimarin
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Good news for Cyprus motorists as filling up their tanks will cost them 6 euro cents less per litre as of 18 December after a bill was unanimously approved by parliament on Wednesday. The bill submitted by ruling DISY’s leader Averof Neophytou and DIKO president Nicolas Papadopoulos, will see all petrol/diesel prices drop by 5
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Non-performing exposures (NPEs) in the Cypriot banking system remained virtually unchanged in August, compared to July, declining by only €15 mln to €16.59 bln, corresponding to 40.4% of total loans. According to Central Bank of Cyprus data, compared with August 2017, NPEs declined by €5.3 bln, including the securitization of a BOC NPE portfolio amounting
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. By Marinos Kineyirou Things are quite clear. Rent rises have taken uncontrollable dimensions. The situation in Limassol is tragic, with Nicosia following suit, while of course the situation in other towns is also problematic. We are now at a point where a one-bedroom flat is rented out, that is of course if one is
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Excavation work on a 2,300-year-old Cyprus shipwreck offers insight into the evolution of Mediterranean shipbuilding technology in the ancient world, Cypriot officials said Wednesday. “After careful study of the excavated timbers, a very important element of shipbuilding technology has already come to light: both ligatures and mortise-and-tenons were used to join the garboard, the stem
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Cypriots should properly engage with UN envoy Jane Holl Lute as the outcome of her contacts will be critical in determining the future of Cyprus talks, said UN head of mission Elizabeth Spehar. Lute is due to arrive on Cyprus at the weekend to hold talks with President Nicos Anastasiades and Turkish Cypriot leader Mustafa
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The value of building permits spiked by an annual 46% to EUR 1.55 bln in the first nine months to September owing to the rise in large commercial and housing projects, according to official data. The number of building permits issued in the nine-month period of January – September 2018 increased 9.38% to 4,702 compared
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. ‘Brexit means Brexit’ was the defiant cry of British Cabinet ministers back in March 2017 when the UK handed its resignation to the European Union. Now, almost two years later, nobody seems to have the slightest idea what Brexit means to a deeply divided country with a Government in crisis and a Prime Minister
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