Cabinet to issue exploitation licenses for Aphrodite gas field

The Cyprus Council of Ministers is expected to issue exploitation licenses for the Aphrodite gas reservoir paving the way for the monetization of Cyprus’ so far only commercial disco [...]

Trade deficit reach €1.9 bn

The first estimate for euro area (EA19) exports of goods to the rest of the world in May 2019 was €203.4 billion, an increase of 7.1% compared with May 2018 (€189.9 bn), according [...]

London's mayor blocks plans for controversial 'Tulip' skyscraper

  London's mayor Sadiq Khan has blocked plans for a controversial tower known as the Tulip, saying the structure would be of "limited" public benefit and "detrimental" to the capital's skyline. In [...]

Cypriot bonds purchased by ECB amount to rise to €1.8 billion

Cypriot bonds purchased by the European Central Bank (ECB) through redemptions of maturing bonds purchased during the Asset Purchase Programme (APP) amounted to €1.8 billion. The EC [...]

Finance Minister notes importance of corporate social responsibility policies

The government of Cyprus has prepared a bill which should be adopted by the Parliament by the end of the year in an attempt to enforce the establishment of companies which adopt polici [...]

London to get 'world's first' infinity pool with 360-degree views ( Video & Photos)

Get a new bikini and ready your Instagram – an infinity pool is coming to London. This is not just any infinity pool, however. This is an infinity pool on top of a building in the centre of the cit [...]

FinMin: The economy enters new promising phase

The government remains committed to maintain fiscal discipline but also to continue promoting an ambitious reform agenda to enhance the competitiveness and the growth potential of our [...]

Cabinet approves debt relief scheme for homeowners

Eligible borrowers will apply in September and the first payments are expected to be made in December   The long-awaited debt relief scheme for vulnerable homeowners was approved by t [...]

FinMin: State monopoly is not the answer in competitive sectors

Finance Minister Harris Georgiades has said that state monopolies are not the answer when it comes to competitive sectors. Replying to journalists’ questions at the Ministry, on Fri [...]

House prices dropped by 8% between 2010-2018

  Cyprus is among the few countries in the EU where house prices fell between 2010 and 2018, a new Eurostat report published on Wednesday said. The largest decreases among member states [...]
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