UK Foreign Secretary Jeremy Hunt believes the Cyprus issue is “not insoluble” and that a federal solution would be better for all Cypriots than the “unacceptable” status quo. Addressing a ‘Conservative Friends of Cyprus’ fringe event at the Conservative Party conference in Birmingham, Hunt said that the UK has “a very big responsibility as a
More
President Nicos Anastasiades called on all Cypriots to reflect on the future and respect each other, during celebrations to mark 58 years of Cyprus independence. After the Independence Day in Nicosia, Anastasiades said that while it is a day to be proud of, at the same time it should be a day of reflection on
More
. The problems with title deeds is well known and because of Troika’s pressure the government has introduced a couple of interesting laws in order to bypass the problems, so that the deeds are issued at a faster rate, whereas blocked property due to bad mortgages and outstanding taxes, are now bypassed. In effect
More
Cyprus is one of the best performers in the EU in closing the VAT Gap managing to reduce it by more than half from EUR 174 mln to just EUR 83 mln, said the European Commission. According to the European Commission's report, regarding the VAT Gap of EU member states in 2016, Cyprus is one
More
. It takes a lot for Cypriots to be woken from their false sense of security as only events of seismic proportions usually rattle society from its navel-gazing. Events earlier this week was one of those rare moments Cypriot society was shocked to its core when two boys were abducted outside their primary school by
More
Wages in Cyprus are back on an upward trend after years of austerity and pay cuts in the wake of the 2013 financial crisis, according to data released by CyStat. According to preliminary data, the average gross monthly salary of employees in the second quarter of 2018 is estimated at €1,827, increasing by 1.4% compared
More
A European Commission report suggests that the high number of mortgage-backed NPLs is pushing property prices downwards. According to the EC’s report entitled ‘Housing Market Developments in Cyprus’ the large mass of NPLs is on the one hand affecting banks’ capacity and willingness to give out housing loans, and on the other is putting pressure
More
Five Egyptian fishermen, detained by Turkish forces in the north of Cyprus for a week, returned by boat to Limassol in the south on Saturday. The fishermen had been detained in custody by a Kyrenia court, in the Turkish-held north. No country, except Turkey recognises the Turkish Cypriot authorities in the north of the island.
More
Motorists will no longer have access to the popular beach at Konnos Bay in Ayia Napa from next summer but in future visitors may be able to catch a ride down via cable car. Authorities responsible for the Natura 2000 area have decided that in order to protect the forest from pollution caused by cars
More
. It’s no use talking about road safety and reducing the death toll among motorists, when half the blame is on the poor condition of Cyprus roads, with the problem exacerbated by poor inspection of cars, trucks and buses. Cyprus is a signatory of the “European Road Safety Charter” that aims to reduce, even halve
More