Search

1891. Turkey searches Saudi consulate again, as world condemns Saudi Arabia

1892. Taxation in a Digital Economy

1893. Opinion: Cyprus heaven bashing must end

1894. ‘No’ vote and abstention in FYROM referendum

1895. Mandatory disclosure rules: the calm before the storm

It is a well-known fact that a storm is always preceded by a strange calm. This could be the perfect description of what is about to come, as a result of the latest changes adopted on May 25th of this year by the Council of the European Union...

1896. Cyprus bond achieves best borrowing rate in Euro era

1897. More Turkish Cypriots seek higher wages in the south

Reports in the northern part of the island show the devaluation of the Turkish lira and higher wages in the south are driving more Turkish Cypriots to seek employment in the Republic of Cyprus...

1898. Finance Minister tweets Winston Churchill

1899. Cyprus eyes 10-year low yield bond after S&P lifts sovereign to investment grade

1900. Turkish Lira rallies as central bank raises interest rates to 24%

1901. Latest inflation figures point up

Inflation is on the rise in Cyprus amid hikes in fuel prices with the annual rate reaching 2.5% last month, almost one percentage point compared to last year until August...

1902. More hotels to stay open during winter

Cyprus hoteliers say the occupancy rate has reached or exceeded 90%, with officials expecting good performance through the end of the year despite Russian numbers dwindling...

1903. Merkel endorses Euro clearing move from London to Frankfurt

1904. Cyprus goes all out in the maritime insurance game

Cyprus has been a serious contender in the maritime and shipping industry, but recently it emerged as one of few unbeatable alternatives for big foreign P&I clubs looking to set shop home away from home...

1905. Turkish Cypriots to touch base with Ankara

Turkish Cypriot officials are reportedly getting ready for a trip to Ankara where they will discuss the Turkish economic crisis and its impact on the northern part of the island...

1906. 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....

1907. 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....

1908. 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....

1909. Regling says Greece will remain linked to ESM

Greece will be monitored more closely by the European Stability Mechanism (ESM) and the other institutions after its bailout ends six days from now compared to other countries that emerged from rescue programs, according to ESM chief Klaus Regling....

1910. Petrides announces 5 mln euros for development projects in 94 communities

Interior Minister Constantinos Petrides has announced that 5 mln euros have been allocated for this year to carry out 115 small development projects in 94 communities mostly in the mountain regions of the island....

1911. Global jitters hit Greek bonds

Just days before Greece is to emerge from its international bailouts, upheaval in international markets took a toll on Greek bonds on Thursday, driving yields up above 4 percent....

1912. Cops out and about to promote seat belts

This week’s road safety awareness campaign focuses primarily on the use of seat belts and child seats, all of which were contributing factors in recent fatal accidents...

1913. Officials step up efforts against fires

Cypriot and European authorities are on the lookout for new wildfire threats, as two local fires on Saturday, one in the northwest and one in the southeast, were caused by human action...

1914. Unions okay with CCB severance package

Union employees at Cyprus Cooperative Bank have agreed to sign up on a severance package plan this summer, ahead of a takeover by Hellenic Bank, saying it can contribute to labour peace...

1915. 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....

1916. 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....

1917. Moody’s says BoC better off after UK sale

Rating Agency Moody’s has described the sale of Bank of Cyprus UK as credit positive, noting that the sale would place Bank of Cyprus in a better position to focus on reducing its domestic high stock of problematic loans...

1918. Cabinet okays homeowner plan ahead of crucial House session

The Cabinet approved on Tuesday the “Estia” scheme aimed at addressing the high volume of non-performing loans in the Cypriot banking sector, but time is running out as a crucial legislation package on bad loans is also up for a vote on Friday...

1919. Cyprus jobless drop in May biggest in the EU

Cyprus recorded the largest unemployment drop in the European Union for May 2018, dropping to 8.4% from 8.6% the previous month...

1920. 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."...