Government extends interest rate subsidy scheme

The government extended its interest rate subsidy scheme for housing and corporate loans until the end of 2021 and raised the ceiling for eligible loans, Finance Minister Constantinos Petrides said Friday. He

Government to create ‘bad bank’

The government has set in motion plans to create a ‘bad bank’ to relieve the Cyprus banking system of an excess of Non-Performing loans, confirmed Finance Minister Constantinos Petrides. In an interview

Government pledges to become more transparent

The government announced Friday a series of actions and measures designed to fight corruption based on the rule of law, transparency, and accountability to win back the public’s trust. President Nicos Anastasiades

Government condemns violence at migrant centre

Clashes between rival groups of migrants at the Pournara refugee reception centre on Monday night were unjustified, despite the facility being overcrowded, the Interior Ministry said. In an announcement on Tuesday, the

Government pledges to combat corruption

President Nicos Anastasiades appeared determined to fortify the country from corruption while calling on parliament to pass bills related to transparency in public life. As the government seeks to improve its image