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Island shows digital development but still lags behind Europe
Cyprus ranks 21st among the 28 EU nations on the European Commission’s latest digital scoreboard, published on Tuesday. According to the Digital Economy and Society Index (Desi) 2018, “Cyprus is...
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Cyprus aspires to be a bridge of cooperation between Asia and Europe
Cyprus aspires to act as a bridge to further enhance ties of cooperation between Asia, Europe, and Africa, House President Demetris Syllouris said on Tuesday. Syllouris was addressing the opening...
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Deposits rise to €50.9bn in May, central bank says
Deposits in the Cypriot banking system rose in May by €201.2m in a month, to €50.9bn, as total lending fell by €66.8m, to €48.8bn, the Central Bank of Cyprus said. Total savings in the banking system...
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Turkish Cypriots increase pressure over Republic passports
More than 5,000 Turkish Cypriots with one Turkish parent have expressed interest in obtaining a Republic of Cyprus passport, it was reported in the north on Wednesday. According to Turkish Cypriot...
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Cabinet to pass NPL laws ahead of Friday’s House debate
Finance Minister Harris Georgiades said that Cyprus had no other choice than to accept the European Commission’s conditions when it gave the go ahead for the sale of the Cyprus Cooperative Bank’s to...
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‘Birth date, not performance’ decides civil service promotions
With the performance of almost all civil servants currently rated as ‘excellent’, their birth date appears to be the only criteria for promotions, the head of the House ethic committee Zacharias...
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Customs declare war on fuel bought in north
The customs department said on Wednesday it would step up checks on vehicles at crossing points and seize fuel bought in the north. The department warned that vehicles could even be confiscated....
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Technical chamber opposes AC in classrooms
Installing air conditioning units in all 750 state schools before first assessing needs and taking other, environmentally friendly measures, would be reckless and irresponsible, the island’s technical...
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Temporary casino opens doors (Updated)
The temporary casino that paves the way for the City of Dreams Mediterranean resort opened its doors on Thursday in Limassol. The C2 Cyprus casino will be operational until 2021 when City of Dreams,...
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AG appoints co-op investigators
Attorney-general Costas Clerides has appointed a three-member panel to investigate the possibility of wrongdoing in the co-op bank, parts of which are expected to be acquired by Hellenic after a deal...
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Failure to approve Co-op deal would be disastrous, CBC warns (update 2)
A central bank official warned members of the parliament on Thursday that failure to implement Hellenic Bank’s agreement with the Cyprus Cooperative Bank to acquire that latter’s operations would be...
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Charge for plastic bags takes effect on Sunday
From Sunday consumers will have to buy plastic bags for five cents or bring their own bags to carry their shopping from supermarkets, Environment Commissioner Ioanna Panayiotou said on Thursday. The...
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Georgiades says pressure intense to reform NPL laws
The finance minister said that Cyprus is under ‘intense pressure’ created by an increasingly strict banking supervisory framework to once more modernise its insolvency and foreclosure legislation,...
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Austria offers to host reunification talks
Austria has extended an invitation to host Cyprus reunification talks, its ambassador told the Cyprus News Agency in an interview as the country takes over the EU presidency. “The EU has always...
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New reality for borrowers: ‘settle debts or face consequences’
The four bills on the management of delinquent loans approved by cabinet on Thursday provide for significant changes in the laws on the transfer of immovable property, on the sale of loans, on...
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Central bank says Co-op worst case scenario theoretical amid bank run
An increase in withdrawals at the Co-op compelled the Central Bank of Cyprus to say that Thursday’s comments made by one of its officials on the disastrous consequences for depositors of a failure to...
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Central bank says Co-op worst case scenario theoretical amid bank run (Update 1)
An increase in withdrawals at the Co-op compelled the Central Bank of Cyprus to say that Thursday’s comments made by one of its officials on the disastrous consequences for depositors of a failure to...
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Parliament rejects request to discuss bills on non-performing loans and Co-op...
Parliament on Friday rejected a government request to discuss as a matter of urgency five government bills relating to the management of non-performing loans and the state’s guarantee of the Co-op...
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Cyprus at top of scale in quest to eliminate human trafficking
Cyprus is in the group of countries doing the most to try to eliminate human trafficking after slipping back to a Tier 2 ranking last year, according to the US state department’s 2018 Trafficking in...
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Protest in Nicosia over fate of Co-op
A protest by the civil society group, the Movement Against Foreclosures, took place on Ledra and Onosagorou streets in Nicosia’s old town on Saturday morning, following an increase in withdrawals from...
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