President Nicos Anastasiades said on Thursday the Cyprus problem is in effect a European one and healing this wound will contribute to a stronger Europe, especially in the energy field. "Reunification, a viable, functional and lasting solution that safeguards Cyprus’ independence…will allow it to further develop its role as an anchor of stability in the

Falling unemployment, a construction revival and strong tourism figures will ensure robust Cyprus GDP growth of 3.9% in 2018, 3.5% next year and 2.9% in 2020, said the European Commission autumn forecast. According to the forecast presented by Commissioner Pierre Moscovici, Cyprus public debt will decline from 105% in 2018 to 98.4% in 2019 and

Ratings agency Moody’s believes Cyprus' improving labour conditions is credit positive for banks because the growth in household income facilitates the restructuring and gradual repayment of stockpiled nonperforming household loans. According to Eurostat data, Cyprus' unemployment rate decreased the most in the EU, down 2.8 percentage points from a year ago to 7.4% as of

The demise of Amex in Cyprus is seen as a harbinger of the future where charges-driven traditional banking will be as extinct as the dinosaurs replaced by digital rivals. Amex is moving out of Europe but Dr George Theocharides, the chairman of the Board of Cyprus Blockchain technologies told the Financial Mirror that this may

The Bank of Cyprus (BoC) says it has stopped issuing new American Express cards to its 100,000 holders while all current cards are valid until March 31, 2019. The decision follows US-based company effectively pulling out of Europe after changes to the EU’s banking regulations, while analysts hint that pressure from alternative payment methods may

After attending the World Travel Market, Tourism Minister George Lakkotrypis said the London exhibition was special for Cyprus, as in 2018 the country will attract 1.3 million visitors from the UK, one third of its 4 million tourists. He said that following his meetings, the sense is that tour operators and airlines are confident that

President Nicos Anastasiades argues that decentralized powers in a Cyprus settlement create a feeling of security for Turkish Cypriots, put an end to Turkey’s intervention rights and address concerns of Greek Cypriots over functionality of the state. “Forty-four years after the invasion and after endless rounds of unproductive negotiations, the least we can do is

A statement of intent outlining Cyprus and US determination to bolster security cooperation was signed during a visit to Washington by Cypriot Foreign Minister Nikos Christodoulides. Bilateral relations, regional developments and the Cyprus problem were the main issues that were discussed during the meetings he had in Washington with his US counterpart Mike Pompeo and