Search

31. Cyprus real estate market falters as October sales drop 6%

With just two months left in the year, October has shown that, despite some resilience, the market remains unable to inspire optimism. Economic indicators for the average household have not sparked an uptick in investment interest, and the ongoing geopolitical instability is growing....

32. TGI Fridays files for bankruptcy to keep brand afloat

TGI Fridays, the American casual dining brand famous for its lively atmosphere and happy-hour tradition, has filed for Chapter 11 bankruptcy protection as it grapples with the lingering impacts of the COVID-19 pandemic....

33. Cyprus shifts westward with historic White House meeting

President Nicos Christodoulides recently met with U.S. President Joe Biden in a historic visit to the White House, marking a new chapter in Cyprus’ foreign policy as it turns toward the West, according to a report by Yiannis Ioannou in this Sunday's Kathimerini....

34. Cyprus repays over €1B in debt, easing financial strain

Cyprus made strides in paying down its debt in the second quarter of 2024, settling over €1 billion in bonds and loans....

35. Cypriot President's White House visit sparks hope and debate over path to unity

Cypriots are closely watching President Nicos Christodoulides' recent White House meeting with U.S. President Joe Biden, seeing it as a pivotal moment that could bolster efforts toward a fair solution to the Cyprus problem. ...

36. Turkey slams Christodoulides-Biden meeting as ''Diplomatic Defeat''

The Turkish opposition labeled the meeting between Cyprus President Nicos Christodoulides and U.S. President Joe Biden on Wednesday as a major setback for Turkish diplomacy, claiming it offered Greece and Cyprus an upper hand in regional affairs....

37. Biden backs Cyprus unity, recalls ''sad'' 50-year division in White House meeting

Cyprus President Nikos Christodoulides met with U.S. President Joe Biden at the White House on Monday, marking a major milestone in U.S.-Cyprus relations and emphasizing renewed U.S. support for a bizonal, bicommunal federation as a solution to the Cyprus issue....

38. Cyprus gains investor confidence as economic reforms and US ties bolster growth

International investors have shown sustained confidence in Cyprus’ economy and business ecosystem, recognizing the country as a stabilizing force in the region......

39. Newborns in stable condition after receiving ethanol-laced formula in occupied Cyprus

The condition of six newborns who were administered baby formula laced with ethanol remains stable, with treatment progressing positively, according to health authorities in Turkish-controlled northern Cyprus....

40. Cyprus’ strategic value highlighted in Biden and Christodoulides meeting

In what is seen as a pivotal meeting at the White House, President Joe Biden welcomes Cypriot President Nikos Christodoulides on Wednesday to discuss strengthening bilateral ties amid escalating tensions in the Eastern Mediterranean....

41. Cyprus and US: A partnership through decades of change and challenge

As President Nikos Christodoulides arrives at the White House today for an anticipated meeting with President Joe Biden, this event represents a defining moment in Cyprus-U.S. relations....

42. Cyprus faces financial imbalance as assets fall short of liabilities

As of December 2023, Cyprus' economy is navigating a complex financial landscape, with total assets in financial instruments reaching €869 billion. However, the country also faces a notable financial shortfall, with liabilities exceeding assets by about €29 billion....

43. Double premiere to mark 25th anniversary

For the track and the road: The new 911 GT3 and 911 GT3 with Touring package ...

44. New EU rules open Cyprus's troubled loan market to foreign investors

In a move that could reshape Cyprus's financial landscape, Parliament recently passed a European Directive that makes it easier for foreign investors to buy non-performing loans (NPLs) in the country....

45. Sunny skies, seasonal temps expected this week

Today’s forecast calls for mostly clear skies across Cyprus, with light, variable winds shifting to marine breezes at around 3 Beauforts by afternoon. ...

46. Cyprus finance chief moved amid questions over government transparency

Papnayiotis Rougalas reports in this Sunday's Kathimerini that the Council of Ministers of Cyprus announced a significant reshuffle on Thursday,...

47. FM Kombos rejects ‘middle ground’ in solution talks

In a recent interview with Kathimerini's Andreas Kimitris, Cyprus Foreign Minister Constantinos Kombos addressed the current state of Cyprus peace talks and the broader geopolitical landscape...

48. Cyprus achieves first A-level credit rating in major milestone

Scope Ratings has upgraded Cyprus's credit rating to A- from BBB+, marking the country's first A-level rating from a major credit agency....

49. The New Era of Accounting Services: A Complete Solution for CFOs

Comprehensive Solutions for CFOs in the Modern Accounting Landscape, in the fast-paced business world of today, strategic financial management has become increasingly critical....

50. Goodbye and thanks for all the halloumi!

I depart Cyprus after a little over two years as the British High Commissioner. What are my main reflections?...

51. CBC urges banks to show social responsibility despite sector’s strength

The Central Bank of Cyprus (CBC) released its annual Financial Stability Report for 2023 on Tuesday, indicating that the financial sector is overall strong and capable of handling unexpected challenges. ...

52. Five dead, 22 injured in terrorist attack

A terrorist attack on the Turkish Aerospace Industries (TAI) offices in Kahramankazan, near Ankara, resulted in five deaths and 22 injuries....

53. Bank of Cyprus shareholders moving at different speeds

CarVal Investors recently sold 3% of its 9.09% stake in Bank of Cyprus, sparking speculation that other shareholders may follow suit and sell their shares....

54. Cypriot banks sending loans abroad: A growing risk?

Yesterday, I had a conversation with someone who truly understands banking—probably more knowledgeable than many who think they do....

55. Cyprus strengthens military ties in Crete with key partners in MEDUSA-13/2024

The multinational aeronautical exercise "MEDUSA-13/2024" took place in the maritime area of Crete from 11 to 20 October 2024, with the participation of aeronautical assets and Special Operations Units from Cyprus, Greece, Egypt, France and Saudi Arabia....

56. Finance Minister stands firm on economic stability amid rising pressures

In a recent interview with Andreas Kimitris, Cyprus Finance Minister Makis Keravnos spoke candidly about his firm stance on the country’s economic stability. ...

57. Cyprus' infrastructure shines as MED9 Summit boosts tourism

58. Tatar: Turkey's guarantees are non-negotiable

The mission of Ms. Olguin has concluded. There is no need to appoint a new personal representative for the Secretary-General....

59. Global debt to exceed $100 trillion this year

Global public debt is nearing the size of the world economy, posing risks to living standards in developed nations, the International Monetary Fund (IMF) warned....

60. Bank profits in crosshairs as tax talks heat up

The future of a special tax on bank deposits paid to the state may be heading for a shift, though a final decision is not guaranteed. ...