Strong growth prospects and sustained fiscal discipline places Cyprus on a firm declining path but contingent liabilities, healthcare and public sector wage-related costs, as well as weaker external conditions, pose risks to the fiscal outlook, Scope rating agency has said.

Bank of Cyprus and Hellenic Bank to sell loans worth €4 billion

Bank of Cyprus and Hellenic Bank will sell loans, worth €4 billion in total, according to the Governor of the Central Bank of Cyprus (CBC), Constantinos Herodotou. Herodotou briefed on Monday the House Committee on...
Russia, France and Britain call for compliance with UN Security Council resolutions on Famagusta

Russia, France and Britain call for compliance with UN Security Council resolutions on Famagusta

Russia, France and Britain call for compliance with UN Security Council resolutions in relation to Varosha, after recent statements from Turkish high-ranking officials regarding the status of the fenced-off part of Famagusta, also known...
Cyprus President to attend World Holocaust Forum in Jerusalem

Cyprus President to attend World Holocaust Forum in Jerusalem

The event, entitled “Remembering the Holocaust, Fighting Antisemitism,” is being organized by the World Holocaust Forum Foundation, in cooperation with Yad Vashem, under the auspices of the President of the State of Israel, Reuven...
Cyprus deployed on Sunday a Security Force to Greece, to assist with the country’s border protection in Evros region, amid migratory pressures from Turkey.

Cyprus sends 21-man team to Greek border

Cyprus deployed on Sunday a Security Force to Greece, to assist with the country’s border protection in Evros region, amid migratory pressures from Turkey. A total of 21 members, 16 from the Emergency Response Unit...
Residential property prices up in Q2 2019

Residential property prices up in second quarter of 2019

Residential Property Price Index recorded an increase of 0.5% in the second quarter of 2019, compared to the previous quarter and an increase of 2.8% on a yearly basis. According to data released by the...
Approximately 4.8 million students graduated from tertiary education in the EU, 8545 in Cyprus

Approximately 4.8 million students graduated from tertiary education in the EU, 8545 in Cyprus

It is estimated that approximately 4.8 million students graduated from tertiary education establishments in the European Union (EU). 8,545 in Cyprus, 69,929 in Greece. These figures are for graduates during 2017, according to data...
18 suspected hazardous areas in Cyprus are declared mine-free

18 suspected hazardous areas in Cyprus are declared mine-free

UNFICYP announced on Monday the clearance of nine suspected hazardous areas each on both sides of the island, amounting to a total area of 210,882 square meters. “The achievement of this confidence-building measure underlines the...
Budget approval enables continuation of economic stability, Minister says

Cypriot government statement on investment program after Jho Low impropriety

The Council of Ministers reaffirmed today the Government’s willingness to strictly adhere to the criteria, terms and conditions that govern the Cyprus Investment Program, as well as the overall carrying out of enhanced due...
UNSG monitoring the developments in the EEZ of Cyprus closely with concern

UNSG monitoring the developments in the EEZ of Cyprus closely

The UN Secretary-General is monitoring the developments in the EEZ of Cyprus closely with concern, said Farhan Haq, Deputy Spokesman for the SG. He made the statement when invited to comment remarks by Foreign Minister...
UNSG's Special Represenative to hold seperate meetings with Cyprus leaders on Thursday

UNSG’s Special Representative to hold separate meetings with Cyprus leaders on Thursday

UN Secretary General’s Special Representative in Cyprus and head of the UN peacekeeping force on the island (UNFICYP), Elizabeth Spehar, will hold on Thursday, January 9, separate meetings with Cyprus President Nicos Anastasiades, and...
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