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
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
According to a new outlook, the Cypriot economy is expected to recover in 2021 with GDP growth projected at 3.7% from a pandemic-induced contraction in 2020 of 5.7%, this is lower than
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
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
Health authorities will not revise their decision for private companies to send 85% of their staff to work from home, as it would defeat the purpose of the lockdown. Under the second
Emergency support launched by the government amid the coronavirus pandemic saved thousands of jobs and businesses, Labour Minister Zeta Emilianidou said. “Our strategic goal at this stage is to tackle the consequences
Cyprus’ state budget 2021 is not affected by the recent surge of coronavirus cases which has led to a local lockdown of Limassol and Paphos, triggering more financial support for employees and
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
After imposing an overnight curfew with catering establishments closing at 10.30 pm, the government has introduced more schemes worth €150 mln to support business, workers and the unemployed. Labour Minister Zeta Emilianidou
