Despite the digital age, Cypriots and Greeks prefer to use cash to carry out their transactions, according to European Central Bank data. ECB's report called "Trends and developments in the use of euro cash over the past ten years", reveals data regarding the transactions of households in the eurozone, and their choice of payment method.
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Two 10-year-old boys who went missing outside their school in Cyprus were successfully located after a huge search operation while a man is in police custody suspected of their abduction, Cypriot authorities said. The schoolboys, both Greek nationals, were found several hours after they went missing and police said they are in good health after
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Cypriot authorities on Tuesday launched an unprecedented search operation for two 11-year-old boys, who are Greek nationals, taken from outside their primary school in Larnaca, Cyprus police said. Motive for the alleged adduction is unclear but random kidnapping of children – apart from the odd child custody dispute – are extremely rare on an island
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Whether two new crossings at Dherynia and Lefka open soon will depend on the outcome of separate discussions UN Secretary General Antonio Guterres will have with Cypriot leaders this week. On the agenda will be the first crossings to open to enable the free movement of Cypriots across the Green Line in eight years. The
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. By Mona Sukkarieh Preparations for the launching of Lebanon’s second offshore licensing round have begun. The Lebanese Petroleum Administration has published a tentative timeline for the tender, which will be officially launched by the end of 2018. The process, including the pre-qualification phase, will extend over a period of one year. The second licensing
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Britain will host in New York on Tuesday an informal trilateral meeting of Cyprus’ three guarantor powers to discuss the next steps on stalled reunification talks. According to a diplomatic source, at 1:00 pm (local time) British Foreign Minister Jeremy Hunt, Greek Foreign Minister Nikos Kotzias and Turkish Foreign Minister Mevlut Cavusoglu will attend a
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A World Bank report on governance indicators sees Cyprus losing ground on five out of six categories verifying a feeling among Cypriots that there is institutional corrosion. Cyprus has slipped behind on indicators regarding control on corruption, the rule of law, government effectiveness, regulatory quality and political stability during 2017. Cyprus exhibited some progress on
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It is estimated that around 10,000 vulnerable borrowers could be part of the government-backed ESTIA scheme set up to manage toxic mortgage-backed NPL portfolios weighing down the Cyprus banking system. A Ministry of Finance source confirmed to the Financial Mirror that the ESTIA scheme will cost a total of EUR 815 mln over a 25-year
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. It is interesting to record the change in shopping habits of the Cypriot consumer. Initially, the corner grocer was replaced by larger shops and then the latter by the very large supermarkets. The very large supermarkets such as the ex-Orphanides and others, who offer in addition to food, other products as well, are now
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British families whose homes have been torn apart in the Limassol village of Pissouri feel abandoned by the Cyprus government without a roof over their heads, according to the BBC. Peter and Kayt Field from Newbury and Herefordshire, Jeremy and Katherine Yeomans from Surrey, and Mick and Louise Ellis from Buckinghamshire have spoken about their
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