Search

1. SYPRODAT and Government join forces to end non-performing loans

Finance Minister Makis Keravnos expressed satisfaction with the progress made in divestments and the reduction of non-performing loans (NPLs) during a meeting at the Ministry of Finance with SYPRODAT President Costas Melas and Association Director Jenny Papacharalambous....

2. Nicosia and Limassol explore tram systems

Environment Commissioner Maria Panayiotou, alongside Nicosia's Mayor Konstantinos Giorkatzis, emphasized the necessity of commencing a comprehensive study for the introduction of tram systems in Nicosia and Limassol....

3. Christodoulides meets Guterres in New York

Cyprus President, Nikos Christodoulides, meets on Friday in New York with the UN Secretary General, Antonio Guterres. ...

4. €369 million EIB loan for smart investments

The government has secured a €369 million loan from the European Investment Bank (EIB) with favorable terms to support expenditures and investments within the framework of the "Thalia" program. ...

5. 43 undeclared workers uncovered in hotel raids

In July, the Ministry of Labor and Social Insurance's Inspection Service conducted targeted inspections at hotels across Cyprus, revealing 43 undeclared workers. This resulted in 20 Violation Notices and 19 Imposition of Fines, totaling €49,000....

6. Focus on growth, employment control, and surplus in the 2024 budget

The 2024 state budget to be tabled to the Council of Ministers for approval next week will have three key characteristics, Minister of Finance Makis Keravnos told CNA....

7. Cyprus and Chevron unite for Aphrodite gas field

The Cyprus government and Chevron International reaffirmed on Wednesday that the development of Aphrodite gas field, located in the country's Exclusive Economic Zone (EEZ), is of "strategic importance."...

8. Consulco’s London Credit Fund; Existing & New Investment Opportunities

9. Liquidity cover hits 318% in banking

Konstantinos Herodotou, the Governor of the Central Bank of Cyprus, delivered a robust message at the TechIsland conference in Limassol....

10. Erdogan and Netanyahu forge meeting at UN General Assembly

In a historic turn of events, Turkish President Tayyip Erdogan and Israeli Prime Minister Benjamin Netanyahu met in person for the first time on Tuesday, marking a crucial milestone in the ongoing effort to mend strained relations between the two nations....

11. Borrowers in a high-stakes game of loan roulette

In 2023, borrowers face a pivotal year, primarily due to the soaring levels of inflation, rising prices, and increasing interest rates. This year also carries significant importance for banks, not in terms of profits, ...

12. Erdogan calls for global recognition of 'TRNC' in defiant UN speech

In his address to the UN General Assembly, the Turkish President expressed doubts about the feasibility of a solution on the island based on the federal model, despite the sincere efforts put forth by the Turkish Cypriot side....

13. TechIsland's workshop marks Cyprus's tech hub aspiration

TechIsland’s 'Building Tech Islands' Workshop: A Milestone in Cyprus’s Quest to Attract Global Tech Giants...

14. EY achieves record global revenue of nearly $50 billion

EY reports record global revenue results of just under US$50b...

15. Ukraine sparks trade war with legal action over food bans

Ukraine has filed lawsuits to the World Trade Organization (WTO) against Slovakia, Poland and Hungary over their bans on food imports from Kyiv. ...

16. The missing piece in Greek-Turkish diplomacy

The public discourse has been flooded with commentaries in favor or against the ongoing efforts for a Greek-Turkish rapprochement....

17. Why did Brussels ignore Cyprus? Questions arise over EU inaction

Commission President Ursula von der Leyen delivered a comprehensive 16-page speech on the "state of the Union" before the European Parliament, speaking for an hour....

18. 135% debt reduction sparks hope for economy

According to the latest data from the Central Bank of Cyprus, the private debt-to-GDP ratio has shown a significant decrease from its peak at the end of the first quarter in 2015 to the end of March 2023. ...

19. SSM chief urges banks to be prudent amidst soaring profits

The Chairman of the Single Supervisory Mechanism (SSM), Andrea Enria, has emphasized that the gains from high interest rates for banks will eventually come to an end....

20. Cyprus' gas dilemma deepens

While Netanyahu's recent visit to Cyprus generated considerable attention, it's apparent that promises of cooperation in the Eastern Mediterranean have yet to materialize. ...

21. AKEL blasts government amid rising bank profits

The political party AKEL has voiced its discontent with the government's handling of economic issues, particularly in light of the recent decision to raise interest rates for the tenth time....

22. The Mediterranean's wake-up call

The devastating aftermath of the natural disaster in the Thessalian Plain leaves no one untouched. We cannot afford complacency in the face of such a biblical catastrophe, merely observing from the safety of our couches....

23. From ''entrance fees'' to gastroscopy checks, is this the solution?

Former Finance Minister Constantinos Petrides has commented on EDEK's proposals to tighten fuel controls for vehicles from the occupied territories....

24. ECB raises rates for the 10th time as it tries to quell inflation

The European Central Bank raised interest rates for the 10th meeting in a row on Thursday to counter stubborn inflation but signalled that it is likely done tightening policy....

25. CBC governor joins EU leaders in Frankfurt

The Governor of the Central Bank of Cyprus (CBC), Constantinos Herodotou, is in Frankfurt, Germany, to participate in the meeting of the Governing Council of the European Central Bank (ECB)....

26. Archbishop backs controversial sex education

Archbishop George has expressed a positive stance on sex education in schools. In a meeting held last week, Minister of Education Athena Michaelidou, Inspector of Secondary Education Home Economics Christiana Filippou Haridimou, and a representative of Secondary Education briefed His Beatitude on the content and details of the course....

27. Pyla's road construction issue stirs debate

The talk about building a road from Arsos (Larnaca) to Pyla is causing a stir among the occupation authorities, UNFICYP, and local authorities....

28. Big on big issues and small on small issues

Are you tired of scrolling and reading throughout long and multiple pages filled with every single detail of each accounting policy your entity of interest is using the last couple of years, only to find what really matters for you in page 25? Don’t get me wrong! I do that for living....

29. CEO confidence in artificial intelligence tempered by social, ethical and security risks

CEOs globally are embracing opportunities created by AI, but also remain wary of unknown, unintended consequences, according to the findings of the latest EY CEO Outlook Pulse survey. ...

30. Will Justice Minister and Chief of Police lose jobs over viral video?

When the video of Nikos Christodoulides' meeting at the Presidential Palace went viral the day after Limassol riots, many people thought that the Minister of Justice and the Chief of police might lose their jobs soon....