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Fitch upgrades Cyprus to investment grade

Fitch Ratings has upgraded Cyprus’ sovereign rating to investment grade, ‘BBB-‘ from ‘BB+’, with a stable outlook as the island expects a 2.7 per cent fiscal surplus this year and continuous [...]

Residential prices index rises for eight quarters

  The increase of residential property prices remains moderate the Central Bank of Cyprus (CBC) has said as the residential property price index in the second quarter of 2018 marked [...]

Blue Air offers rescue fares to some Cobalt customers

Blue Air, the low-cost Romanian airline, has stepped in to offer some Cobalt customers rescue fares after Cobalt unexpectedly suspended operations last night.The airline is offering a selection of red [...]

Cobalt flights grounded from midnight

Cobalt airlines, the largest Cyprus-based airline, was expected to ground its flights as of midnight on Wednesday, after reports said that the company failed to reach a deal with a potential European [...]

Government to continue work to consolidate sustainable development

President of the Republic of Cyprus Nicos Anastasiades assured Thursday that Government will continue to work with the same determination and responsibility to consolidate sustainable [...]

Government to continue work to consolidate sustainable development

President of the Republic of Cyprus Nicos Anastasiades assured Thursday that Government will continue to work with the same determination and responsibility to consolidate sustainable [...]

NASA's chief scientist to come to Cyprus

NASA`s Chief scientist James Green will be in Cyprus next week to take part in an International Space Summit organised by the Cyprus Space Exploration Organisation (CSEO). On the occa [...]

Cyprus’ golden visa scheme exposes EU ‘to the corrupt’

Cyprus is high on a list of EU countries red-flagged in a damning international report on Wednesday suggesting its golden visa programme in spite of recent ‘cosmetic’ controls, as it stands, remai [...]

Green light for private individuals to build desalination units

The cabinet has approved a guide for the creation of small desalination units by private individuals to help meet the needs of large water consumers such as farmers, hotels and golf courses, Agricultu [...]

Households and businesses continue to be highly indebted

 Cypriot households and businesses continue to be highly indebted despite the decline in debt levels, according to a report released on Tuesday by the Central Bank of Cyprus.According [...]
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