Passenger traffic at Cyprus’ two international airports jumped by 8% to nearly six million in the seven-month period January – July 2018. According to data released by operator Hermes Airports, Larnaca and Paphos airports saw a total of 5,939,198 passengers passed through terminal recording an increase of 8% in the seven months to July. There
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. It’s becoming harder to think of a good reason why we should keep our money in the bank or even have anything to do with them. There are tribes in the Amazon and the Australian outback that get along just fine without having to visit their local branch or execute an online transaction. Surely
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Cyprus has taken the first baby steps in preparing the ground for the introduction and promotion of game-changing Fintech and Regtech products which will revolutionise the way we do business. With a need to regulate the new Fintech and Regtech companies, and the technology they are using, the Securities and Exchange Commission (CySEC) has established
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A Nicosia District Court has ruled that Cyprus can cooperate with Russia in the case of British financier Billy Browder who had tried to stop Cypriot authorities acting on any legal request from Moscow. In the application filed by his lawyer in Cyprus, Browder called for an interim decree prohibiting the Minister of Justice to
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. We wonder if there are people in this country with a basic brain who are trying to destroy the Cyprus economy at a time that it is on the trucks of recovery. And to this we must consider the dangerous path that this Government is following with various handouts, increases for the civil servants,
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. News reports and public reaction to rising bank charges, supposedly in an effort to drive more customers to an ebanking culture, is the final nail in the coffin of what used to be people-friendly financial institutions. With the Co-operative now out of the picture, probably the last bank to maintain some level of personal
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Cyprus police have issued an arrest warrant for a 37-year-old woman believed to have stolen over EUR 100,000 from selling fake holiday packages to unsuspecting Cypriots. Aradippou police are investigating a case in which the suspect was paid substantial amounts under false pretenses, after running a travel agency in the village outside Larnaca. Since January
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An EUR 8 mln project will upgrade the heart of Nicosia’s commercial centre that has struggled to relive its glory days since the economic crisis. Contracts for the first phase of the project to upgrade the commercial triangle of Makarios, Stasicratous and Evagorou avenues were signed by Nicosia Mayor Constantinos Yiorkadjis and the consortium Cybarco
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Moody's ratings agency on Friday upgraded RCB Bank’s long-term Counterparty Risk Assessment (CRA) to Ba1 from Ba2 and affirmed the short-term Not Prime CRA. The bank's b2 baseline credit assessment (BCA), b1 adjusted BCA, B1 long-term deposit ratings and Ba2 long-term Counterparty Risk Ratings as well as its Not Prime short-term deposit and Counterparty Risk
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OSCE Representative on Freedom of the Media, Harlem Desir has called on Ankara to drop its prosecution against two journalists of the Turkish Cypriot daily Afrika for insulting the country. “I am very concerned over the judicial action initiated by the Turkish prosecution against Turkish Cypriot journalists,” Desir said in a letter to Turkish Foreign
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