Thousands turned out to support the victims of the Athens wildfires at a charity concert in Nicosia by popular Greek singers Antonis Remos and Anna Vissi to raise funds as part of a media campaign #StandByGreece. Tuesday night’s free concert was a big hit raising thousands in donations at collection stands with all proceeds going

Cyprus’ unemployment rate dropped to 8.2% in June from 8.3% in May and 11% annually, recording the largest decrease in Europe, according to Eurostat. The rate of unemployment among men was 7.6% and 8.8% for women from a total of 35,000 jobless from 47,000 a year ago. The drop from 11% to 8.2% was the

Efforts are being redoubled to find investors for a project that aims to transform old Larnaca airport into commercial complex following the experience from two previous failed attempts to develop the area. Ministry of transport Permanent Secretary Alecos Michaelides said the government is promoting the division of the area, which covers around 220,000 square metres,

The Consumer’s Association has warned bank customers to be wary of credit card charges after Bank of Cyprus said it will charge an extra 34.8% in the event credit card debt is not paid off. The Association warns these charges have spiked against clients who are not consistent with their payment obligations. It acknowledges that

Turkey has warned Israel and Egypt not to overstep the mark after suggesting that military action in the East Med against Turkish forces was an option in protecting Cyprus’ energy exploration. Ankara was riled by comments made by Israeli ambassador Sammy Ravel and his Egyptian colleague Mai Taha Mohamed during the overseas Cypriot conference in

Nicosia is waiting for a United Nations peace initiative to revive Cyprus reunification talks in limbo for more than a year, an official said on Monday. “The position of our own side, regardless of any other discussion…is that, yes, we want, and we expect the UN Secretary General to take the initiative to re-start the

The state-sold Cyprus Cooperative Bank (CCB) will pay up to €2 mln, in addition to the €125 mln it has paid back, for excessively charging customers in interest rate payments on loans. The money will go to rectify customer accounts that were overcharged due to a mistake in interest rate calculations concerning customer loans for

Despite Cyprus recovering from the 2013 banking crisis, Cypriots are still wary of financial institutions with trust levels at their lowest since the economic meltdown. Cypriots have cast a vote of no-confidence in the banking system according to a survey conducted by online financial newspaper Stockwatch. Local banks have garnered the lowest level of trustworthiness