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61. Cyprus sees increase in migrant arrivals

Commission Vice President Margaritis Schinas and Commissioner for Home Affairs Ylva Johansson presented a Report on Migration and Asylum on Wednesday,...

62. Cyprus receives 157 million for Recovery and Resilience Plan

The European Commission today has disbursed €157 million to Cyprus to help kick-start reforms and investments....

63. Nicosia fares well in intense EU council

Nicosia has welcomed a European Council statement that included conclusions on Turkey, after the EU27 leaders held long and protracted consultations that got testy at times especially during Russia talk...

64. ECB tells Cyprus lawmakers to get it right

Elizabeth McCaul, Member of the Supervisory Board of the ECB, advised caution over possible amendments to the Cyprus foreclosure law stressing that 'such policies can also backfire and destabilize the banking sector if designed in a haphazard manner'...

65. EU-US summit mentions eastern Mediterranean

In a move to restore transatlantic ties, the US commander-in-chief and his two EU counterparts stressed the need for “sustainable de-escalation' of tensions in the eastern Mediterranean, with a final draft making reference to Turkey and international law after some words were left out...

66. Rescued turtle released back into the ocean

Iole the sea turtle, who cheated death last year thanks to beach visitors and staff at the Cyprus Marine Aquaculture Research Center, has been released back to her natural habitat after a long rehabilitation treatment...

67. IMF: Withdrawal of support measures should be gradual

An International Monetary Fund (IMF) mission met virtually with the Cypriot authorities from March 8–29, 2021 to discuss recent economic developments and policy priorities on the island. In an interview with Kathimerini Cyprus, IMF mission chief for Cyprus, Anita Tuladhar, said the longer the recovery period in sectors related to tourism, the greater the chance that permanent scars will remain in the economy of Cyprus. Tuladhar also noted the importance of state-sponsored programs to support the economy....

68. Borrell report on Turkey covers all bases

A report by European Commission Vice-President and High Representative Josep Borrell spells out the 'political and economic consequences' that Turkey will suffer should the country 'not move forward constructively in developing a genuine partnership with the EU'...

69. Borrell: Cyprob solution must come from Cypriots

"The European Union fully supports the resumption of a settlement process under UN auspices, as soon as possible," and stands ready to provide whatever assistance both parties and the UN would find most useful, the EU’s Foreign Policy chief Josep Borrell said Thursday....

70. Syrian walks free after long detention

A Syrian man was detained since May 2019 on terrorism charges won his appeal on Thursday, after the Supreme Court ruled that his detention had exceeded any valid period that had previously been justified on national security grounds...

71. 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....

72. Cyprus parliament approves legislation for social enterprises

Parliament on Thursday passed into law a bill allowing social enterprises to be set up in the Republic of Cyprus....

73. Cyprus rationalizes sanctions against Turkey

Cypriot Defence Minister Charalambos Petrides has reiterated his country’s position in seeking a settlement of the Cyprus problem, adding that economic sanctions against Ankara remain on the table 'as long as Turkey continues to maintain tensions'...

74. Council of Europe report critical of Greece's migrant pushbacks, detention conditions

A Council of Europe report, released Thursday, calls on Greece to stop pushbacks of migrants and calls out the country on the conditions in several migrant detention centers....

75. China’s new ambassador lands in Cyprus

China’s new ambassador to Cyprus, Yantao Liu, landed on the island Thursday and quickly got to work in Nicosia, saying ties between the two countries were a at 'historic best'...

76. Fake marriage behind Larnaca murder

A marriage of convenience could be behind the disappearance and death of a Romanian man, after it emerged that his alleged killer had married the victim’s girlfriend to get a visa in exchange of money...

77. 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...

78. 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....

79. Woman gets seven years in white collar crime

A former employee at a credit union in eastern Nicosia has been sentenced to seven years in prison for financial crimes worth over half a million...

80. In Paris visit, Greek, French ministers agree to boost investments

Finance Minister Christos Staikouras, Development and Investments Minister Adonis Georgiadis and French Minister of Economy and Finance Bruno Le Maire, signed a declaration of intent on the Greek-French economic partnership in Paris on Wednesday, aimed at boosting investments....

81. Attorney general weighs in on spy van

The attorney general of the Republic of Cyprus has appointed a special investigator in the “spy van” case, while the Israeli company that sells controversial surveillance vehicles is calling on authorities to investigate what it calls a “false accusations” campaign...

82. «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....

83. Hellenic Bank posts profit of €59.1 million in first half of 2019

The Hellenic Bank has announced that it has posted a profit of €59.1 million after tax in the first half of this year with CEO Yiannis Matsis noting that the results reflect part from the benefits from the acquisition of the operations of former Cyprus Cooperative Bank. ...

84. 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...

85. Moody’s expects deleveraging to resume but warns over small economy and high level of debt

The credit profile of Cyprus reflects its small but wealthy economy, improved economic resilience and the government`s fiscal outperformance in the wake of the country`s banking crisis, Moody's Investors Service has said in an annual report. ...

86. Non-performing loans decline to €10.14 billion

Non-performing loans as defined by the European Banking Authority declined to €10.14 billion in March 2019, marking a reduction of €151 million compared to previous month. ...

87. Foreclosures: Parliament rejects President's referral

The House of Representatives today rejected a presidential referral regarding a number of foreclosure legislation amendments. ...

88. Belt and Road Initiative different from make oneself great again slogans says Chinese Ambassador

89. IMF: Cyprus economic recovery gradually decelerating but remains strong

90. Cyprus Tax Webcast May 2019