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1231. Britain is the world's largest importer of Cyprus Halloumi

1232. Finance Minister tweets Winston Churchill

1233. Cyprus eyes 10-year low yield bond after S&P lifts sovereign to investment grade

1234. Cyprus back into investment grade

Cyprus got its investment worthiness stripes back on Friday as Standard & Poor’s raised the country’s credit grade from BB+ to BBB- with a stable outlook, five years following a devastating financial collapse...

1235. Investors in Cyprus can reap benefits

Participants at the third Cyprus International Investors Summit in Limassol got to see a list of competitive advantages that make Cyprus stand out in starting a business on the island...

1236. What’s on this week

If you can’t make it to Maastricht this Sunday, don’t panic. You can still go to Rialto Theatre in Limassol for an amazing live music experience. Also this week, learn Nicosia history, have fun at a fun concert, and get a tattoo for a good cause...

1237. Additional revenues of 4.7 billion euros needed to reach targets

The Greek government will have to collect additional tax revenues of 4.7 billion euros in the first post-bailout period of enhanced supervision (2018-2022) by its creditors, in order to achieve the agreed primary surpluses and record surpluses....

1238. Come back, support Greece

We are caught between celebrations over Greece’s “clean exit” from the bailout programs on one hand and, on the other, allegations that the country has effectively signed up to what can be considered a “fourth memorandum” and is headed to economic disaster....

1239. Shadows loom over government’s ‘clean exit’ scenario

Greece’s bailout exit has been eliciting condescending and bitter commentary on the country’s beaches and in its near-deserted cities, as few Greeks believes their lives are going to improve or that the country’s prospects will be akin to those of other bailed-out eurozone states. Greece’s “return to normalcy” and “clean exit,” much touted by the government, appear to be happening somewhere else....

1240. Greek bank deposits rise in June for fifth month in a row

Greek bank deposits rose in June for a fifth consecutive month, increasing by 1.3 billion euros ($1.52 billion), central bank data showed on Wednesday....

1241. Investing in knowledge

A growth rate of 1.9 percent is way too small for a country like Greece, especially as the rest of Europe’s performance is so much more robust. This is, after all, a country that shed 25 percent of its gross domestic product (GDP) in the course of a decade. What we should be seeing, therefore, is the effect of a tightly wound spring, whereby a virtuous cycle of growth begins and only gets faster with time. Instead, we’re hobbling along at 1.9 percent, the slowest rate an economy can achieve after hitting rock bottom....

1242. No more pretexts

The world will never be the same since Donald Trump was installed in the White House. In a sense, his election was unavoidable. Not because matters became unbearable in the last 30 years after the fall of the communist system in Europe. Rather, it was because they became in a way unnatural....

1243. Pee Power of Cypriot scientist travels to Kenya

A Cypriot professor is behind a technology that converts urine into electricity that was introduced in Nairobi, Kenya last month, after its successful trial in a boarding school, in Kisoro, Uganda...

1244. Government exploring ways to suspend pension cuts

The government is hoping that surpluses at the Single Social Security Entity (EFKA) will allow the non-implementation of pre-legislated pension cuts on January 1 next year....

1245. Greek airports unprepared for increased traffic volume

Pressured by the explosive growth of passenger numbers generated by Greece’s expanding tourism market, officials are calling for additional air traffic controllers to ensure safe travel....

1246. ND: Tsipras's 'delusions' delayed debt deal by four years

Commenting on the debt deal for Greece secured at the Eurogroup summit early on Friday, conservative New Democracy said that agreement could have been achieved in 2015 if Alexis Tsipras, then opposition leader, had not been "peddling his delusions on the backs of Greek citizens."...

1247. Conference on Funds & Cryptocurrencies, a success

A half day Conference with the subject of “Funds & Cryptocurrencies: The Development and the Technology” was successfully completed for a second consecutive year, on the 14th of June 2018 at the Four Seasons Hotel in Limassol...

1248. Greece cannot afford policy reversal after bailout ends, says EU's Costello

Greece is on course to complete its third international bailout program but cannot afford to backtrack on adopted reforms after its expiration in August, the European Commission’s mission chief to Greece said on Thursday....

1249. CTO sees tourism potential despite Russian defect

The Cyprus Tourism Organisation says tourist arrivals are expected to rise in 2018 despite a drop in Russian visitors to the island, while the government is moving forward with new plans for tourism on the island...

1250. Passport scheme could bring ‘Dutch disease’ to Cyprus

The Fiscal Council is warning that the passports-for-cash scheme could mean that some sectors of the economy could suffer while others grow, a phenomenon known as the Dutch disease...

1251. Turkey's Muslim-friendly holidays find a modest place in the sun

Turkey’s $26 billion tourism industry has been battered by security fears and political disputes in recent years but one corner of the market is quietly growing - beach holidays for conservative Muslims...

1252. Britons dash to become German before Brexit

Driven by the prospect of Britain’s withdrawal from the European Union next year, the number of British passport holders who became German citizens jumped by 162 percent last year, Germany’s Federal Statistics Office said on Wednesday...

1253. Cyprus forecasts high GDP growth of 3% plus until 2021

High growth rates exceeding 3% of the GDP and high primary surpluses are projected until the year 2021 in the Strategic Fiscal Policy Framework (SFPF) 2019-2021, which was approved by the cabinet...

1254. Cyprus, Malta, Greece want red tape cut to boost shipping

The shipping ministers of Cyprus, Malta and Greece say they want the European Union to cut red tape holding back growth in the sector, which they say provides 2.1 million jobs and 142 billion euros to Europe's economy...

1255. Booming Cyprus breaks more tourism records

An influx of Russian and British tourists has helped Cyprus break more records for the number of arrivals this year...

1256. Netflix's next big thing: feeding the service with its own movies

As Hollywood studios unleash their summer blockbusters into theatres, Netflix is trying to give film buffs a reason to stay home...

1257. International congress on Greece and Cyprus geoparks

The first International Congress of UNESCO Geoparks in Greece and Cyprus will take place in Athens on Thursday and Friday...

1258. Cyprus GDP growth is creating more jobs

Bailed out eurozone member Cyprus notched up its 13th consecutive quarter in positive growth with GDP rising 0.8 percent in the first quarter, an official estimate showed...

1259. Bank of England keeps powder dry on rate rise

The Bank of England held interest rates and said weak growth during a snowy start to 2018 was likely to be only temporary, but it wanted to see a pick-up in the economy in the next few months before raising borrowing costs...

1260. EBRD more upbeat about Cyprus growth rate

The European Bank for Reconstruction and Development has revised significantly its projection for Cyprus’ economic growth rate this year, in the context of a wider upward revision of its forecasts for the EBRD regions...