Cyprus receives €250m in EU pandemic loan
The European Commission on Tuesday disbursed €14bn to nine EU countries, including Cyprus, in the second instalment of financial support to Member States under the...
commission
Rift forms between Cypriot MEPs over closure of crossings (Updated)
Disy’s MEPs said on Wednesday they were not convinced by moves from Akel colleagues at the European Parlaiment to submit an urgent question to the...
Cyprus opposed EU-Turkey co-operation in law enforcement
Cyprus has voted against a European Commission proposal to negotiate a deal with Turkey on the exchange of personal data by law enforcement agencies, according...
Cyprus to tap an additional €81m in EU funds
Funds drawn by Cyprus under the European Fund for Strategic Investments (Efsi) reached €45m in November, as the island was set to receive an additional...
EU likely to ask for budget cuts next spring, fiscal council member says
A year after completing its adjustment programme, Cyprus could be asked to create a fiscal buffer after a combination of tax relief and spending hikes...
European Commission warns Cyprus over budget (Update 3)
The European Commission on Wednesday urged Cyprus to take corrective measures as it risked missing its budgetary targets for 2017. Finance Minister Harris Georgiades...
Pope orders bishops to cooperate with sex abuse commission
By Philip Pullella Pope Francis on Thursday ordered Roman Catholic bishops around the world to cooperate as a matter of priority with a commission he...
‘Cyprus Airways isn’t far from closure’
By Marie Kambas Cyprus Airways could face imminent closure after the holidays if it fails to produce a credible restructuring programme and prove its financial...
EU court ruling on hair cut was flawed
By Alper Ali Riza QC ON 17 NOVEMBER 2014 the General Court of the European Union decided that the European Central Bank (ECB) and the...
Turkey must respect Cyprus’ sovereignty, EU says
The European Union said on Wednesday that Turkey must respect the sovereignty of member states over their territorial sea after the neighbouring country’s announcement that...
Helpless in face of ambulance scam
By Angelos Anastasiou EARLIER this month, Tom a 19-year-old from the UK had finished his school-leaving exams and to celebrate visited Ayia Napa with his...
Recession could end next year (updated)
By Angelos Anastasiou CYPRUS’ economic recovery is forecast to level out in 2014 before coming full circle in 2015, according to the European Commission’s winter...
EU to scrutinise cross-border tax obstacles
EU Member States’ tax provisions are to be scrutinised to ensure that they do not discriminate against mobile citizens. The focus is on both economically...
Funds investors should avoid
By Nicos Cotsapas The most important decision that investors need to make, is the way they allocate funds amongst the various asset classes available. These...
Stricken bank depositors seek compensation from EU
Over 50 depositors and shareholders of Cypriot banks are suing the EU and its institutions over losses they suffered when their deposits were seized to...
CBC governor agreed to pay ‘recapitalisation fee’ to Alvarez & Marsal (Updated)
By George Psyllides CENTRAL Bank (CBC) Governor Panicos Demetriades had agreed with an international company hired by the regulator to provide various services to afford...