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241. Ruling on boy’s return expected within days

The Supreme Court has delayed again its ruling on whether a young boy would join his father in New York as per Paphos court orders or continue to stay in Cyprus with his mother, who has been accused of child abduction but has an appeal pending...

242. Cyprus, India FMs discuss enhancing bilateral relations

The Ministry of Foreign Affairs of the Republic of Cyprus and the Ministry of External Affairs of the Republic of India held extended political consultations at the highest level this afternoon, under Ministers Nikos Christodoulides and Subrahmanyam Jaishankar, respectively, during which views were exchanged on the further enhancement of the two countries` bilateral relations with particular focus on specific areas, including entrepreneurship, innovation, and tackling the pandemic. ...

243. FinMin: Cyprus to reduce debt once pandemic normalises

Cyprus Minister of Finance Constantinos Petrides told the Cyprus News Agency that the government will begin reducing public debt, increased due to strategic cash reserves, once the pandemic begins to normalise....

244. Policy priorities unaffected by pandemic, FinMin says

Despite the crisis of the Covid-19 pandemic Cyprus’ economic policies remain the same, targeting macroeconomic and financial stability, prudent fiscal policies, and establishing a competitive, business-friendly regulatory environment of high standards, Minister of Finance Constantinos Petrides said on Thursday....

245. Your gateway to global investment opportunities

In the past, having resolved to ‘save for a rainy day’ financial well being, for many, took care of itself and your life’s goal was aided by interest earned on those monies, which saw your money working for you but the equation today is not so simple...

246. Cyprus calls on Turkey to engage in maritime zone delimitation talks

In an interview with the UAE television channel Alarabiya, defence minister Charalambos Petrides called on Turkey to accept the Republic of Cyprus’ invitation to engage in talks in view of reaching an agreement over the delimitation of the contested maritime zones between the two countries, or alternatively refer the issue to the International Court of Justice....

247. Cyprus experiencing excessive macroeconomic imbalances

The European Commission said Wednesday that Cyprus continues to face excessive macroeconomic imbalances, particularly in view of the country’s very high percentage of non-performing loans that continue to plague the financial sector, but also in light of high private sector, government, and external debt....

248. GD leadership heading to jail after court ruling

A court in Athens announced on Thursday that the entire leadership of the neo-Nazi Golden Dawn will be jailed, after rejecting a proposal by the prosecutor who opined that their sentences should be suspended pending their appeal....

249. A second lockdown would be a grim financial equation

With the rise in coronavirus cases which are mainly located within the local community and not just at the country’s points of entry, whispers of a second lockdown looming have resumed....

250. Health experts from both sides discuss developing Covid-19 situation

The developing coronavirus situation on both sides of the Cyprus divide was discussed on Wednesday by the bicommunal technical committee on health, which convened via teleconference with the participation of epidemiologists of the Greek Cypriot and the Turkish Cypriot side....

251. Cyprus public debt spikes to €24.5 billion due to Covid-19 crisis

Cyprus General Government debt spiked to €24.56 billion according to official data in April, reflecting the large debt issuances by the Finance Ministry to mitigate the impact of the coronavirus outbreak to the economy....

252. Lagarde draws line on how far ECB largesse can go

European Central Bank President Christine Lagarde drew the line on how far the ECB could go in helping virus-stricken eurozone countries on Wednesday, saying lending to governments directly would be illegal and handing out cash to citizens difficult....

253. 'We've learnt nothing' from euro crisis, ex EC president Juncker says

In an interview with Politico's Brussels Playbook, former European Commission President Jean-Claude Juncker has expressed his disappointment over the discord that emerged between euro zone countries in their attempts to come up with a joint response to the economic fallout of the coronavirus pandemic. ...

254. 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....

255. Euro zone ministers look for economy quick fixes

Euro zone finance ministers are likely to converge on Tuesday on three quick options to support the economy in the wake of the coronavirus epidemic, officials have said, with some discussion also of longer-term ideas to aid a recovery....

256. Cyprus repays an IMF loan early, saving €13.4 million

The Republic of Cyprus fully repaid on Thursday an International Monetary Fund (IMF) loan, which had been granted to the country in the period 2013-2016....

257. Prince Charles and Camilla to visit Cyprus in March

The Prince of Wales and the Duchess of Cornwall will be flying over to Cyprus for their first joint official visit, to take place from March 18 until March 21, the British High Commission announced on Tuesday....

258. Fourth Italian dies from coronavirus in worst flare-up outside Asia

A fourth person infected with the coronavirus has died in Italy, officials said on Monday as the government struggled to contain an outbreak of the illness and financial markets slid on fears over the economic impact....

259. Cyprus' debt at €20.74 billion in end of 2019

260. New Life in Cyprus of Russian Businessman after unfair seizure of Promsvyazbank

In 2017 Dmitry Ananiev was at the peak of his success. He and his brother Alexei owned a bank, an IT firm and an office complex overlooking the Moscow River. ...

261. End of 2019 sees historic high in investment funds assets

Investment funds’ assets reached a historic high at the end of 2019, data released by the Cyprus Central Bank on Thursday showed....

262. Football duo free on bail until corruption trial

Two suspects in a high-profile football corruption case in Cyprus will face a criminal trial next month, while a judge has ordered for them to be released on bail pending trial...

263. Lagarde confident ECB will eventually buy Greek debt

The Greek economy continues to improve and chances are rising that the European Central Bank will eventually buy its debt under its asset purchase scheme, ECB President Christine Lagarde said on Thursday....

264. Cyprus pays off costly crisis loan early

The Cypriot finance minister says the government is repaying an IMF rescue loan faster and at a lower rate after a double bond issuance expected to secure most of the country’s borrowing needs for 2020...

265. EastMed bill squeezed through federal budget

US Senator Bob Menendez on Monday applauded a bipartisan deal on federal government spending that is comprised of 12 appropriations bills, including legislation shaping American strategy in the Eastern Mediterranean...

266. UN clears suspected landmines in Cyprus

UNFICYP announced on Monday the clearance of nine suspected hazardous areas each on both sides of the divided island, amounting to a total area of 210,882 square meters...

267. Underage girl accuses young man of rape

A 20-year-old male from Paphos is facing criminal trial next month following allegations that he raped an underage girl, while another young man is being accused of sexually abusing a girl in her early teens...

268. Tell-all interview with Christopher Pincher

Brexit would not change the relationship between the United Kingdom and Cyprus, according to British Minister Christopher Pincher, who gave a tell-all interview to Kathimerini Cyprus...

269. K.Treppides & Co Ltd: Time Value of Money

What if a close friend asks today to borrow 1,000EUR with the precondition to repay the exact same amount in five years? Would you take the deal or not?...

270. Moody's changes Cyprus outlook to positive

Rating agency Moody’s changed the outlook for the Cypriot economy to positive from stable, citing the reduction of the sovereign exposure to event risks stemming from the banking sector and the improving fiscal strength beating previous expectations...