President Nicos Anastasiades will hold talks in Athens on Monday with Greek Prime Minister Alexis Tsipras on joint strategy in view of a renewed UN-backed effort to resume stalled reunification talks. They will discuss developments on the Cyprus problem, in the light of the contacts held by the UN envoy, Jane Holl Lute, and planned

An earthquake in the sea area between Turkey and Cyprus was felt across the island on Wednesday especially those working or living in tall buildings, no structural damage was reported. The Geological Survey Department that on Wednesday at 09:21, a seismic vibration measuring 5.5 degrees on the Richter scale was recorded. “The earthquake was centred

The Cyprus Investment Promotion Industry (Invest Cyprus) has launched a scheme to promote the local film industry, through an online platform (film.investcyprus.org.cy) to inform interested parties who apply for a cash rebates and other incentives. The Scheme provides Cypriots and foreign film industry professionals with incentives, cash rebates and or tax credits of up to

Three policemen, a driver for the Attorney General and two immigration officers, were among five arrested on Tuesday on suspicion of trafficking women for the sex trade. According to media reports, apart from the three police officers the other two suspects arrested in connection to the case, are a pub owner and a woman. The

Improving activity in investment, energy and tourism topped the agenda in talks that Egyptian parliament speaker Ali Abdel-Aal Sayed Ahmed had in Cyprus on Tuesday. Heading a parliamentary delegation, Abdel-Aal held talks with Energy, Commerce and Tourism Minister George Lakkotrypis and Finance Minister Harris Georgiades. Afterwards, Georgiades said that Egypt is a very important country

Plans to sell off the Berengaria hotel located in Prodromos at auction fell through on Tuesday as the Bank of Cyprus’ reserve price of €2.36 mln was not met. The auctioneer declared the big-ticket sale a no-go despite some interest shown, no bidder was willing to match BoC starting price of €2.36 mln. It seems

Greece and Cyprus are the only European pillars of stability and security in a turbulent region, Greek Prime Minister Alexis Tsipras told the European Parliament in Strasbourg on Tuesday. Speaking before MEPS, on the future of Europe, the Greek Prime Minister spoke of the foreign policy Greece and Cyprus had adopted. He said both countries

Employment in Cyprus rose 1% in the second quarter of 2018 compared to the previous quarter, putting it among the top three in Europe for job growth, data showed on Tuesday. Among EU Member States for which data are available for the second quarter of 2018, Estonia (+1.3%), Poland (+1.2%), Cyprus (+1.0%) and Luxembourg (+0.9%)

An increasing number of Bank of Cyprus shareholders are accusing the bank of favouritism over its decision to issue a bond of €220 mln – with an interest rate of 12.5% – for only a select group of investors. The Securities and Exchange Commission (CySec) announced that is looking into several written and oral complaints

Cyprus’ economy expanded by 3.9% in three-month period May-July, racking up fourteen quarters of consecutive growth. Compared with the previous quarter of 2018, GDP expanded by 0.8% compared with 1.0% in Q1, while based on seasonally and working day adjusted data, annual GDP growth rate in real terms is estimated at 3.9%. GDP growth rate