EBRD revises Cyprus’s growth forecast to 3.2%

“However, the legacies of the crisis, such as high public and private sector debt and a large overhang of non-performing loans (NPLs), remain important downside risks,” said the lender which has a [...]

Contractor corruption watchdog unable to carry out duties

The government has failed to properly support a committee it had set up to review cases of contractors suspected of bribery or misconduct forcing its chairman to resign, MPs said on Wednesday. During [...]

Cyprus heads to Eurovision Final

Eleni Foureira performs Fuego during the Semi-Final 1 for Eurovision Song Contest 2018 After a fiery performance at Tuesday night’s semi-final in Lisbon, Cyprus will be heading to the Eurov [...]

Cyprus and Egypt close to signing gas deal, says minister

Cyprus and Egypt are close to signing an agreement for connecting the Aphrodite gas field to the North African country, Energy minister Giorgos Lakkotrypis said on Monday. Lakkotrypis, who was in Ca [...]

A Glimpse Into The Future - What Happens When There Are No More Bitcoin To Mine?

ANALYSIS Bitcoin’s blockchain protocol makes mining more difficult as more miners join the pool, and the Bitcoin reward for mining a block also halves every 210,000 blocks. As it stands, mine [...]

Land lease fees to be scrapped

Fees on lease or rent of land will be scrapped by the land registration office, after a majority vote in parliament on Friday. Specifically, two bills on VAT were voted into law, both hailing from ru [...]

EC: Public debt to rise

Cyprus` unemployment rates will further decline to 9.0% in 2018 and 7.1% in 2019 (11.1% in 2017) according to the Spring Economic Forecast of the European Commission, published today i [...]

Property transactions up 29% in April

The highest increase was reported in Famagusta district where the number of transactions rose an annual 79 per cent last month to 52, the department said.

Tax department looking to tax Airbnb rentals

Tax authorities are now eyeing short-term property rentals such as Airbnb which, due to loopholes in the law, are not subject to tax. The matter was raised on Monday at the House finance committee, w [...]

Frequent flyer points, travel or cash back rewards, which one is best for you

There are a number of rewards credit cards out there, and each seems to offer the user something different. Some offer points rewards that you can spend in their online store or trade in for discounts [...]
Click here to get the latest news