All capital control restrictions are expected to be lifted by the end of the year “if all goes well” Cyprus Central Bank Governor Panicos Demetraides said on Friday. Speaking from Limassol, also expressed confidence that domestic restrictions will be lifted in the next few weeks. The CBC Governor, speaking after a meeting with his Lebanese

The Vatican has expressed satisfaction with the resumption of talks aimed at reuniting Cyprus after 40 years, with President Nicos Anastasiades saying that his proposals for confidence building measures were met with understanding by Pope Francis. On his first official visit after agreeing to a joint declaration that will become the framework for talks with

Time for Cyprus Finance Minister to fight back! Mr Haris Georgiades Minister of Finance Dear Mr Minister As taxpayers, we are fed up of every public servant going on strike, just because they feel like it. As taxpayers, we are fed up of every civil servant not answering the phone, just because it might be

The results of the third evaluation of Cyprus’ economic adjustment program by the Troika, (EC, ECB, IMF), are beyond our expectations, a Eurogroup official has said. In statements Friday in Brussels, the official, who did not wish to be named, said that the evaluation of Cyprus’ program will be among the issues to be discussed

Cyprus economy is on track to beat the projections of its international lenders, as the economic downturn in the fourth quarter of 2013 was limited to 5.3% of GDP, according to a flash estimate issued Friday by Cyprus Statistical Service (Cystat). If confirmed by the final data, the 2013 GDP contraction will be limited to

Cyprus Minister of Labour and Social Insurance Zeta Emilianides said she will tomorrow announce new schemes aiming at employing 5,000 youth for a period six months to acquire work experience. The plans, with a total cost of €40 billion were discussed during a meeting of the National Employment Committee. The plan will be co-financed by

Cyprus President Nicos Anastasiades is paying the Holy See an official visit, starting Friday. According to an official announcement, the President will be accompanied by his spouse and a delegation comprising Minister of Foreign Affairs Ioannis Kasoulides, the Minister of Energy, Commerce, Industry and Tourism Yiorgos Lakkotrypis, the Government Spokesman Christos Stylianides, the Permanent Secretary

Economic difficulties due to the financial crisis was the main reason why Cypriots were not able to go on vacation in 2013, according to the figures published Thursday by the Eurobarometer entitled “Preferences of Europeans towards tourism”. The Eurobarometer was carried out at the request of the European Commission’s Directorate-General for Enterprise and Industry by

Ukraine has designated four airlines that will conduct scheduled flights between Ukraine and Cyprus, after the lifting of limitations to the number of airlines that conduct scheduled flights between the two countries. The four airlines are “Ukraine International”, “UTAIR-Ukraine”, “Air Onix” and “Wizz Air Ukraine”. They will hold flights from Kiev, Donetsk and Odysseus to

The three largest semi-government organizations (SGOs), the Cyprus Telecommunications Authority, the Electricity Authority of Cyprus and the Cyprus Ports Authority began strikes on Friday, protesting against a government bill which calls for the privatisation of profitable SGOs. The four unions of EAC began their strike at 07.00. The Transmission System Operator (TSO) warned on Thursday