Investigation into string of burglaries leads to three arrests
Police on Saturday said that three people, two aged 47, and one aged 33 had been arrested as part of an investigation into a string of burglaries and robberies in the Nicosia ...
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Justice minister receives damning prisons report, will ‘act accordingly’
Justice Minister Stefi Dracou has received the report of the four-member committee appointed by the attorney-general to investigate possible offences related to the use of mobile phones and drugs at ...
Child hit by a car in Paphos
A 12-year-old child was injured on Friday evening after being struck by a car while trying to cross Anavargou avenue in Paphos.
The child was taken to the emergency department ...
Fiscal Council: ‘public finances stable, no immediate risks’
The Cyprus Fiscal Council on Friday said that it expects increased pressures on the macro economy for 2023, with forecasts slightly more unfavourable than those of the Ministry of Finance, in ...
Cyprus banks tighten lending criteria as risk increases
Lending criteria became tighter during the third quarter of 2022 in Cyprus, both for businesses and households, according to a bank lending survey conducted by the Central Bank of Cyprus (CBC).
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Cyprus Business Now
The chairman of the Bank of Cyprus’ board of directors Takis Arapoglou this week proceeded with the purchase of 60,000 Bank of Cyprus shares.
Based on stock market updates, the purchases ...
Cyprus improves financial crime compliance but weaknesses remain
The Committee of Experts on the Evaluation of Anti-Money Laundering Measures and the Financing of Terrorism, also known as Moneyval, on Friday released its latest report on Cyprus’ compliance with ...
Paphos tourism sector tries to seduce Polish visitors
The Paphos regional board of tourism (Etap) this week travelled to Poland in order to promote the district as a tourist destination by engaging with local tourist industry stakeholders.
The ...
Cyprus Business Now
Finance Minister Constantinos Petrides on Thursday addressed the first annual Financial Markets Forum, speaking on a number of issues, including recent economic developments, the evolution of the financial sector, growth ...
Pilides leads effort to promote Cyprus as a business hub in London
The Ministry of Energy, Commerce and Industry on Thursday announced that minister Natasa Pilides travelled to London on Wednesday in order to lead a mission representing Cyprus at a business ...
Cyprus can profit from past mining activity
Cypriot mining company Venus Minerals board member and economic geologist Demetrios Constantinides earlier this week said that Cyprus can use modern tools to recover critical minerals from its mine tailings.
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Cyprus Business Now
The Cyprus Shipping Chamber (Kne) held its monthly general meeting on Wednesday, during which it closely examined and discussed the eighth package of sanctions against Russia, as it is expected ...
Foreclosure suspension akin to ‘shooting ourselves in the foot’
Finance Minister Constantinos Petrides on Wednesday described the recent decision by the House of Parliament to suspend the foreclosure bill as “shooting ourselves in the foot”, noting that the only ...
Business leaders stress importance of air connectivity
The vast majority of European business leaders have underlined the importance of air connectivity in terms of sustaining their competitiveness, according to a survey conducted by the International Air Transport ...
Kedipes chairman: ‘foreclosure bill will affect ability to repay the state’
State-owned asset management company Kedipes chairman Lambros Papadopoulos on Tuesday said that frequent interventions in the foreclosure framework will negatively affect the company’s ability to generate cash inflows.
The ...
Cyprus Business Now
The Cyprus Shipping Chamber (Kne) this week released a statement in which it welcomes the publication of a review of Cyprus’ economic policy by the Centre for Economic Research of ...
Cyprus real estate to be showcased in Israel
Events and conference management firm the Emanuel Group on Tuesday announced that it will be hosting an event in Israel aiming to showcase Cyprus properties to the country’s domestic ...
Cyprus consumer watchdog issues guidance on Black Friday
The Cyprus Consumers’ Association on Monday released a statement on the upcoming Black Friday sale, calling on consumers to conduct thorough market research ahead of any purchases of potentially discounted ...
Cyprus Business Now
Limassol port management company DP World Limassol on Monday said that as part of its active support towards the month-long Movember Cyprus campaign a number of its male employees have ...
Cyprus trade deficit increases by €1.5 bln
Cyprus’ trade deficit stood at €5.12 billion at the end of the period between January and August 2022, compared to €3.63 billion in the corresponding period of 2021, according to a report published on ...
Cyprus airline completes first direct flight between Israel and Qatar
Cyprus-based airline TUS Airways on Monday said that it completed the first direct flight between Israel and Qatar, a historic milestone in the relationship between the two countries.
“This is ...
Determination, optimism, open-mindedness: two days at Reflect Festival
Reflect Festival, the largest technology and entrepreneurial event of its kind in Cyprus, wrapped up on Friday evening, October 21, welcoming approximately 5,000 attendees in the process, who flocked to Limassol’s ...
Apple dominates tablet market, Chromebook sales falter
American technology giant Apple continued to dominate the tablet market during the third quarter of the year, with a 40.7 per cent share, according to a report released this week by ...
Cyprus looks to the Gulf for investment
National investment agency Invest Cyprus on Friday announced that through a mission in Kuwait made a series of contacts and presented to local government officials and investors Cyprus’ business and ...