Category Archives: General

Price Index for construction materials declines marginally in June

The Price Index of Construction Materials fell marginally in June compared with the previous month, but continued its upward trend on a year on year basis, Cyprus Statistical Service (Cystat) has said.According to Cystat, the Price Index of Constructio...

President ready to meet the Turkish Cypriot leader, Government Spokesman says

Government Spokesman Prodromos Prodromou said on Thursday that President Nicos Anastasiades was ready to meet with Turkish Cypriot leader Mustafa Akinci, welcoming the latter's proposal for an informal conference.The President of the Republic expresses...

CNA News – CNA – Rebekah Gregoriades – Nicosia 18/07/2019 12:11

Anastasiades' letter replying to Akincis proposal to be sent next week at the latest, Palmas tells CNADeputy Minister to the President, Vasilis Palmas, has told the Cyprus News Agency (CNA) that the letter by which Cyprus President, Nicos Anastasiades,...

Amendments to foreclosure framework hamper banks’ efforts to reduce problem loans, Moody’s warns

Moody's rating agency warned on Thursday that the amendments approved by the Parliament of Cyprus to the legal framework governing foreclosures were "credit negative", as it expected that they would "hamper banks' efforts to reduce problem loans".The c...

ENERGY: Cyprus eyes 10 drills over the next two years

Energy Minister George Lakkotrypis said that over the next two years five exploratory and five confirmatory gas drills will be carried out in licensed blocks of Cyprus' exclusive economic zone (EEZ).He told the Economist Conference in Athens that recen...

Cyprus and Serbian Ministers of Education discuss implementation of MoU

Serbian Minister of Education, Science and Technological Development, Mladen Sarcevic, is paying a two-day visit to Cyprus after an invitation by his Cypriot counterpart, Costas Hambiaouris. The main objective of the visit is to discuss ways for the tw...