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The Central Bank of Cyprus (CBC) has announced an increase in the countercyclical capital buffer (CCyB) requirement for licenced credit institutions from 1 per cent to 1.5 per cent. The change, aimed ...

South Korean authorities arrested impeached President Yoon Suk Yeol on Wednesday over insurrection allegations, with the embattled leader saying he agreed to comply with what he called an illegal probe ...

State-owned asset management company Kedipes this week provided updates on the implementation of the mortgage-to-rent scheme, revealing that approximately 25 rental agreements have been signed. In addition, the company said that ...

The Construction Production Index in Cyprus reached 110.92 points in the third quarter of 2024, with 2021 acting as the base year set at 100 points. This marks a 6.5 per cent increase compared to ...

The total value of non-performing exposures (NPEs) in Cyprus dropped to €1.6 billion by the end of September 2024, down from €1.7 billion in June. This decrease brought the NPE ratio to 6.5 per ...

No decision will be made for at least a couple of years on whether Britain will go ahead with a central bank digital currency for the general public, the Bank ...

The floating storage and regasification unit (Fsru), an integral component of the LNG project, is expected to remain in Malaysia for about two to three months, Energy Minister George Papanastasiou ...

Labour minister Yiannis Panayiotou never ceases to amaze with his economic thinking. On Tuesday morning, speaking on CyBC radio, he described the increases of about five per cent in the ...

A 45-year-old man was remanded in custody for seven days after being allegedly involved in case and stealing more than €700,000. The suspect, who allegedly denies these allegations, was arrested on ...

European Council President Antonio Costa will invite Lebanon’s new President Joseph Aoun to Brussels, Cypriot government spokesman Konstantinos Letymbiotis said on Tuesday. Letymbiotis said President Nikos Christodoulides had encouraged ...

President Nikos Christodoulides on Tuesday night called for Turkish Cypriot leader Ersin Tatar to have “positive” intentions when the pair meet over the matter of opening new crossing points between ...

A Greek Cypriot taxi driver appeared in court in northern Nicosia on Tuesday after having crossed to the north at the Ayios Dhometios crossing point with two women in the ...

Turkish Cypriot halloumi producer Meric on Tuesday became the fourth Turkish Cypriot halloumi mark to receive the European Union’s protected designation of origin (PDO) certificate. The company is named ...

Fears of a severe water crisis this summer have prompted urgent calls for action from Limassol’s water board, which urged the agriculture ministry to take immediate measures. Officials warn ...

In accordance with UN resolutions, Spain has reaffirmed its support for attempts to reopen discussions on the Cyprus problem to create a bizonal, bicommunal federation. The promise was made on ...

Francina Armengol, the chairwoman of Spain’s Congress of deputies, the lower of its two legislative chambers, on Tuesday said her country and Cyprus must “join forces” with the European ...

January is filled with music events. There are shows coming up, concerts, recitals, album presentations and intimate live gigs. Music lovers of the island, there is plenty to look forward ...

Shamishi was named as the “worst-rated” Cypriot food by users of popular gastronomic tourism website Taste Atlas. The dessert was given an average of just 3.2 stars by the website’s ...

Lawmakers on Tuesday discussed a bill that would criminalise market collusion, with its sponsor calling the legislation necessary as the government had failed in its duties. The legislative proposal was ...

Russia’s vast Arctic oil business is facing major disruption from US sanctions on its tankers and depots, stranding crude supplies previously snapped up by Asian buyers in storage, according ...

Energy Minister George Papanastasiou on Tuesday urged the House commerce committee to pass a bill which would set maximum prices for bottled water at some points of sale to a ...

The second round of the Australian Open begins on Wednesday with defending champion Aryna Sabalenka kicking things off in Rod Laver Arena and she will be quickly followed by 10-times ...

Three-times Australian Open finalist Daniil Medvedev allowed his frustrations to boil over in a Melbourne Park meltdown before advancing to the second round on Tuesday while Taylor Fritz made a ...

The government’s goal is to “create a new production model based on the use of smart technology” in the field of agriculture, Agriculture Minister Maria Panayiotou said on Tuesday. ...