In a landmark move, the British Bases is lifting restrictions on property development within non-military areas, allowing for business and tourism growth stunted for decades. Nicosia describes the move as ‘historic’ and
The latest news on the campaign trail in the runup to the 2023 presidential elections is that leftist opposition AKEL seems to favour Andreas Mavroyiannis, a close associate of President Anastasiades whom
Recent dust clouds over Cyprus are a sign of climate change, as the phenomenon is becoming more persistent. In April alone, Cypriots had to cope with 20 days when dust levels were
Olivewood, Cyprus’ rebranded audiovisual industry, was cast a vote of confidence from big film studios, attracting major productions with award-winning actors to begin filming this month. Shaking off the nightmare after Hollywood
Cyprus is witnessing its highest inflation rate, at nearly 9%, in the past four decades, while consumer associations fear that the worse is yet to come. The news comes as the European
Cyprus and the EU are expediting the process to transform the state-owned Asset Management Company (KEDIPES) into a nationwide AMG to launch a mortgage-to-rent scheme. The scheme will cover non-performing loans collateralised
The percentage of fully vaccinated adults against COVID-19 in Cyprus has reached 86.7%, according to the Health Ministry. Evagoras Tambouris, deputy director of Nursing Services at the Health Ministry, told CNA that 12,553
The rate of non-performing loans in the Cyprus banking sector increased to 11.7% of total loans in January from 11.1% at the end of 2021, data released by the Central Bank of Cyprus on
Real estate stakeholders are concerned over the immediate prospects of the construction sector and warn against being duped by an upward trend in property sales, as the war in Ukraine will harm
An agreement with the European Investment Fund to manage a new financial instrument to support startups and innovation is seen as a milestone in the government’s effort to enhance alternative financing. Finance
