Search

1. Moody's: Payment holidays shield Cyprus banks in 2020, but deterioration likely in 2021

Around one third of Cyprus banks’ gross loans were deferred as a result of the coronavirus pandemic, the Moody’s rating agency said Monday, noting that while the payment holiday may shield local banks in 2020, asset quality deterioration is “still very likely next year.”...

2. Nicosia midtown center in the works

A new modern business centre on the most popular main street in Nicosia is said to be in the pipeline, following reports that the Bank of Cyprus has sold a parking lot in the midtown area...

3. Handymen wanted in Paphos home larceny

Two residence maintenance workers are wanted by police in connection with an investigation into stolen money from a holiday home in Paphos...

4. Greek economy to get multi-billion-euro lifeline

Prime Minister Kyriakos Mitsotakis will announce steps to revive the economy in a televised address on Wednesday. These steps will be mainly focused on tourism but will also concern other sectors affected by the coronavirus pandemic. ...

5. Hellenic Bank sells its most expensive home

Hellenic Bank has sold its most expensive home according to a special report, with foreign investors shelling out 3 million for a mansion in Lakatamia...

6. Michael Kyprianou & Co LLC recognised internationally as a Leading Cyprus Law Firm

Michael Kyprianou & Co LLC had the honour of been recommended for all its areas of practice. At the same time it has received top tier recognition in the fields of Dispute Resolution, Employment Law and Real Estate & Construction Law....

7. Coronavirus derails southern Europe's clean-up from the last crisis

This year was meant to mark a turning point for Greek and Italian banks as they finally laid the ghosts of the financial crisis to rest. Then the coronavirus struck....

8. Interior Minister talks migration, Cyprus investment program with EU officials in Brussels

Interior Minister Nicos Nouris informed the EU Commission’s Vice-President Margaritis Schoinas on Cyprus’ needs and the issues the country faces in dealing with the increased flow of migrants, ahead of the presentation of relevant proposals by the Commission next month....

9. Cyprus enjoys strong growth prospects but contingent liabilities remain

Strong growth prospects and sustained fiscal discipline places Cyprus on a firm declining path but contingent liabilities, healthcare and public sector wage-related costs, as well as weaker external conditions, pose risks to the fiscal outlook, Scope rating agency said in commentary on Cyprus....

10. Cyprus 'golden passports' scheme a laundering risk, says watchdog

A European money laundering watchdog has cautioned that a secretive investment-for-passports programme run by Cyprus was vulnerable to money laundering and fraught with risk...

11. PRIO: A Cyprus solution could reap high economic benefits

A solution to the Cyprus problem will create large new markets, research conducted by the independent, bicommunal research centre PRIO showed....

12. President’s air travel under scrutiny

Cypriot President Nicos Anastasiades is firing back at critics saying his use of a private jet owned by a Saudi billionaire has actually saved the state a lot of money, while opposition parties raise fears of dependency and quid pro quo with foreign donors...

13. Three new endangered monk seals born in Cyprus

Three new births of the Mediterranean monk seal species (Monachus monachus), one of the most endangered mammals in the world and the only seal species in the Mediterranean, were recorded last year, the Agricultural Ministry announced on Friday....

14. Berengaria sees hope on the horizon

Local media reported on Thursday that investors have been found for a potential revival of the historic Berengaria, with rumours pointing to renovation plans for the abandoned property in the Troodos Mountains...

15. Land units and plots across Cyprus for sale by GoGordian

16. GoGordian, the new player in property investment

17. PwC presented its new publication for the real estate and land development sector

PwC Cyprus presented its publication on the Cyprus land development market, entitled "Cyprus Real Estate Market - First Half in Review", atan event held in Nicosia on 19 November...

18. Jho Low movie gaining popularity

A film about Malaysian financier and Cypriot passport holder Jho Low has been steadily gaining popularity, despite legal challenges over copyright infringement and potential defamation lawsuits...

19. «Growth momentum moderates» in Cyprus according to Εuropean Commission Autumn Economic Forecast

"Growth momentum moderates" in Cyprus, according to the headline assessment of the European Commission`s Autumn Economic Forecast for the country, presented today by Commissioner Moscovici in Brussels....

20. Financier's Cypriot passport rocks the boat

A well-known Malaysian financier wanted by authorities in several countries appears to have obtained a Cypriot passport following recommendations from Archbishop Chrysostomos who cited investment opportunities...

21. Cambodia’s elite exposed through Cyprus

Golden visas are back in the news following reports that members of the Cambodian elite received or applied for Cypriot passports, with Reuters raising questions over the citizenship by investment programme...

22. Touch the Sun and immerse in the Sea

Coral Bay is a superb resort – a world apart, renowned for its magnificent long sandy bays with calm shallow waters and natural landscapes, ideal for families as a permanent or a holiday home...

23. ONE redefines Limassol skyline

A new time-lapse video online shows a glimpse of the ongoing construction of ONE, one of Limassol’s skyscrapers reshaping the southern resort town’s skyline...

24. George Low murder still open case

The unsolved murder of George Low was back in the headlines this week, with some new information about additional possible suspects and a frustration over two identified suspects who remain at large...

25. New offices in Malta for Michael Kyprianou & Co LLC

26. Chinese Ambassador to Cyprus: No one stands to win in a trade war

27. Fiscal Council: Implement reforms and maintain surpluses

28. Tallest building in Cyprus selling fast

The sale of apartments in the tallest residential building in Cyprus is half way through, with officials saying 360 Nicosia is almost finished and parts of the skyscraper are already livable...

29. Economic ties indispensable FM tells business forum in Beirut

30. IMF warns of 'increasing headwinds to sustained growth'