Germany worried over Turkey's activities in Cyprus EEZ

Germany worried over Turkey's activities in Cyprus EEZ

German Chancellor Angela Merkel has expressed her concern over Turkish activities in Cyprus’ Exclusive Economic Zone (EEZ) and the need for international law to prevail. She communicated Berlin’s position during a telephone conversation with Cyprus President Nicos Anastasiades. A written statement about the exchange, said Anastasiades "informed the Chancellor over...
Local Friday, 11 October, 2019
Government gets tough on animal cruelty

Government gets tough on animal cruelty

Following public outcries over sickening animal abuse cases the government has introduced a bill increasing financial penalties and punishment in an attempt to clamp down on animal cruelty. Cyprus’ cabinet has approved a series of amendments to the animal welfare law tabled by agriculture minister Costas Kadis, which foresee heftier fines for offenders. It also includes...
Local Wednesday, 09 October, 2019
Cyprus towns step up efforts to become smarter

Cyprus towns step up efforts to become smarter

While Cyprus tourism is heading for a rough ride as connectivity takes a hit, the major towns are stepping up efforts to offer holidaymakers a more enjoyable experience by becoming smarter, environmentally friendlier and more accessible.   With financing from several European Union projects, Cyprus towns are moving forward with projects to enhance their tourism product w...
Local Monday, 07 October, 2019
Developers seek to self-finance projects

Developers seek to self-finance projects

Property developers are looking to self-finance construction projects due foreign investors fearing possible difficulties obtaining Title Deeds if developments are mortgaged and banks imposing stricter criteria for granting loans.     PROPERTY Developers of big projects try to avoid financing from Cyprus banks which have tightened their purse strings, preferring to...
Local Saturday, 05 October, 2019
Land Registry values down while prices rise

Land Registry values down while prices rise

The Cyprus Land Registry has come under attack over its valuation of properties on the island and while its 2018 valuations are lower than those in 2013, property prices continue to rise. RECENTLY, the Cyprus Land Registry has come under attack over its valuation of state-owned land in Nicosia. One piece of prime real estate in central Nicosia, which was valued at €70 mil...
Local Friday, 04 October, 2019
Nature Is Not a Dumpster

Nature Is Not a Dumpster

Dealing with the problem of uncontrollable rubbish dumping is both a matter of culture and legislation, Cypriot Environment Commissioner Ioanna Panayiotou has told the Cyprus News Agency (CNA).   A cleaning campaign at the bed of the Kouris dam in Limassol district, took place, on Sunday. The event was placed under the Environment Commissioner`s aegis.Where citizens and ...
Local Thursday, 03 October, 2019
Hellenic Bank Records Profit After Tax of €59,1 Million

Hellenic Bank Records Profit After Tax of €59,1 Million

Hellenic Bank announces today its annual financial results for the six-month period ended 30 June 2019. The Bank has the largest branch network in the island with market shares of 38,9% and 30,1% in household deposits and loans, respectively. Also, the Bank has successfully achieved an integration of around 400.000 customers on Hellenic Bank systems. It ha...
Local Wednesday, 02 October, 2019
Deposits in Cyprus banks at their highest level for 11 months

Deposits in Cyprus banks at their highest level for 11 months

Total deposits in Cyprus banks reached their highest level in the past 11 months, while loans remained at historically low levels, despite a net increase in August. According to Central Bank of Cyprus (CBC) figures, household loans declined by almost €6 bln in August while loans to non-financial corporations were down by almost €5 bln. Total deposits recorded a net ...
Local Monday, 30 September, 2019
School students join global climate action

School students join global climate action

Hundreds of Cyprus school children joined a world day of action against climate change as they marched through the streets of Nicosia on Friday. The protest is part of a global strike taking place to demand that world leaders take action against climate change and adopt urgent measures to stop an environmental meltdown. The global strike is spearheaded by ...
Local Saturday, 21 September, 2019
 Cyprus enjoys summer high for tourist arrivals

Cyprus enjoys summer high for tourist arrivals

An influx of British, Russian and Israeli tourists ensured Cyprus achieved its best ever figures for arrivals in August with a record 553,600 visitors, official data indicated on Tuesday. The Mediterranean island has beaten all previous August records this year with tourist arrivals reaching 553,626 from 534,847 in 2018, a 3.6 per cent annual increase, the state statistical se...
Local Wednesday, 18 September, 2019
Cyprus businesses bracing for a no-deal Brexit

Cyprus businesses bracing for a no-deal Brexit

Cyprus businesses are preparing for a hard Brexit in light of developments in the UK, with London adamant on leading Britain through the European Union exit door by 31 October with or without a deal. Particularly concerned about the effects on tourism, business associations, experts and hotels are preparing to face any scenarios that may play out after October. Sounding the a...
Local Monday, 16 September, 2019
 Government employed personnel remains stable at 51,486

Government employed personnel remains stable at 51,486

The number of government employees remained relatively unchanged at 51,486 in August 2019, compared with 51,475 in the same month last year, despite an increase in temporary staff. Official figures showed that permanent staff decreased by 444 or 1.5%, from 28,682 to 28,238 persons, while temporary staff increased by 5% reaching 14,800 persons compared with 14,091 persons in Au...
Local Thursday, 12 September, 2019
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