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1261. Eurozone set for record recession, EU Commission warns

The eurozone economy will contract by a record 7.7 percent this year because of the Covid-19 pandemic and inflation will almost disappear while public debt and budget deficits will balloon, the European Commission forecast on Wednesday....

1262. Greece condemns Turkey’s drilling intentions in Cyprus’ EEZ

Greece on Tuesday condemned Turkey’s announced intention to continue drilling inside Cyprus’ exclusive economic zone (EEZ), saying it ignores calls by the international community to respect international law....

1263. Cypriot food blogger drives passion home

As we experience these hard times it is difficult to identify, let alone rejoice the blessings COVID-19 will bring with it. One of them is going back to beautiful habits and rituals of home cooking which are all about togetherness...

1264. New decree allows repatriation of all legal residents

By Thursday, a sum of 9,282 students abroad who chose to remain put amid the coronavirus outbreak had received a €750 government benefit, as promised last month....

1265. Government revising price cap on antiseptics, masks

The government announced on Monday that it was revising the price cap it placed last month on antiseptics and surgical masks, as growing international demand is constantly bringing price fluctuations resulting in local shortages....

1266. Paphos mayor: Government should regulate 'black market pricing' of COVID-19 tests

Condemning the fact that some are taking advantage of the health crisis and making extraordinary profits, Paphos Mayor Phedonas Phedonos demanded on Friday that the government moves to set the price of coronavirus lab tests through a decree....

1267. Bill sparks kosher debate in Cyprus

Animal rights advocates are up in arms over a new government bill that would allow slaughterhouses in the Republic of Cyprus to incorporate kosher rituals, a procedure described by animal rights activists as inhumane...

1268. 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....

1269. Cyprus in the mix as world seeks cure

An Israeli military aircraft has delivered five tons of chloroquine to Cyprus this week, amid reports of secret wars over limited access to the drug but also uncertainty over its effectiveness in the fight against the coronavirus pandemic...

1270. Financial measures tackle coronavirus in Cyprus

Measures of Financial Support to address the Impact of the Coronavirus have been announced by the Government of the Republic of Cyprus...

1271. EAC vows to credit back overcharges

An undisclosed number of property owners in the Republic Cyprus were overcharged on their electricity bills in recent months, with the Cyprus Electricity Authority vowing to right a wrong in future billings...

1272. Pressed in Syria, Turkey ups the ante in the East Med

1273. 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. ...

1274. Potatoes to be brought in from the north after cold blast damages crops

Potatoes harvested in the north will be transferred next Monday to government-controlled areas, where potato crops suffered heavy blows after successive days of heavy rain and frost....

1275. Turkish clothes makers see orders shifting from coronavirus-hit China

Several fashion retailers that manufacture clothing in coronavirus-hit China are in talks with Turkish firms about shifting production to Turkey, two sector officials told Reuters, with one predicting new orders worth up to $2 billion....

1276. 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....

1277. 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...

1278. Cyprus gains ground in $92 million fraud case

MOKAS officers are making headway in an embezzlement case to the tune of $92 million involving a Cypriot company, after one of five suspects was taken into custody...

1279. How Russian uncapitalism works

Like a private equity firm enacting an acquisition-led ‘roll-up’ in a fragmented sector, Putin and Co in Russian have been busy in recent years quietly taking scores of small banks into state ownership...

1280. Fuel targets rehash gas price debate

Consumers are crying foul over rising gas prices at the pump, with some resorting to crossing the checkpoints to fill up in the north as the government draws criticism for failing to meet EU energy goals...

1281. 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...

1282. Cypriot dog charms Bristol neighbours

A kind gesture by four flatmates in England, whose landlord wouldn’t allow pets, paid off big time after they wrote a letter to complete strangers asking if they could spend time with their dog...

1283. Land units and plots across Cyprus for sale by GoGordian

1284. GoGordian, the new player in property investment

1285. 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...

1286. Cyprus signs deal for offshore gas concession

Cyprus and the Aphrodite consortium on Thursday signed an exploitation license and a revised production sharing contract, aiming to start natural gas production in 2025, generating projected revenues of $9.3 billion for a period of eighteen years ...

1287. «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....

1288. Cops build case following vice raid

A married couple has been remanded in custody in connection with their involvement in an illicit massage parlour business where foreign women worked part-time offering erotic services to male clients including handjobs...

1289. Coast guard seizes catch of the day

Another boat has been caught fishing without a licence off the coast of Cyprus, as local coast guard officers increase efforts to target illegal activities beyond territorial waters...

1290. Brexit deal agreed as EU summit begins

Britain clinched a last-minute Brexit deal with the European Union on Thursday, but still faced a challenge in getting it approved by parliament...