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Economy

NICOSIA - The lingering COVID-19 pandemic all but forgotten as health measure restrictions were being rapidly eased, Cyprus’ opening to tourists again could bring more than 2 million this year, said Deputy Tourism Minister Savvas Perdios.

NICOSIA — Nine Lebanese banks are shutting down their operations on the Mediterranean island of Cyprus, a representative of the Cyprus Central Bank said on Tuesday.

NICOSIA — Nine Lebanese banks are shutting down their operations on the Mediterranean island of Cyprus, a representative of the Cyprus Central Bank said on Tuesday.

NICOSIA - Seven countries including Greece, the US, France, Italy and Israel have taken part in a series of drills in and around Cyprus designed to ease civilian evacuations from conflict zones and to conduct offshore rescue operations, amid a renewed sense of urgency due to the war in Ukraine.

NICOSIA - Seven countries including Greece, the US, France, Italy and Israel have taken part in a series of drills in and around Cyprus designed to ease civilian evacuations from conflict zones and to conduct offshore rescue operations, amid a renewed sense of urgency due to the war in Ukraine.

NICOSIA - Natural gas from the Aphrodite field off Cyprus could be exported by 2026, Energy Minister Natasa Pilides said, telling a parliamentary committee there are a number of options.

NICOSIA - Natural gas from the Aphrodite field off Cyprus could be exported by 2026, Energy Minister Natasa Pilides said, telling a parliamentary committee there are a number of options.

LATEST

Cyprus’ Money Maker Tourism Coming Back During Pandemic

NICOSIA - The COVID-19 pandemic is still going on but you can’t tell it from the numbers of tourists arriving on Cyprus as they’ve been pouring back in with the spring season underway and anticipations of a big summer.

NICOSIA - The COVID-19 pandemic is still going on but you can’t tell it from the numbers of tourists arriving on Cyprus as they’ve been pouring back in with the spring season underway and anticipations of a big summer.

Cyprus Plans 40-Million Euro Overhaul of Capital Nicosia’s Center

NICOSIA - The center of Cyprus' capital of Nicosia can be a grey and dreary place but will be renovated in a 40-million euro ($43.

NICOSIA - The center of Cyprus' capital of Nicosia can be a grey and dreary place but will be renovated in a 40-million euro ($43.

Tilting Toward Turkey, US Tells Cyprus: Forget EastMed Pipeline

NICOSIA - The United States' abrupt shift toward siding more with Turkey's insistence on taking part in energy hunts has seen Cyprus delivered the message there's no hope for the so-called EastMed Pipeline.

NICOSIA - The United States' abrupt shift toward siding more with Turkey's insistence on taking part in energy hunts has seen Cyprus delivered the message there's no hope for the so-called EastMed Pipeline.

European Central Bank Chief: No Data Suggests Stagflation

NICOSIA — No data currently suggests Europe will fall into stagflation, a combination of high inflation, little or no economic growth and high unemployment, the European Central Bank 's president said Wednesday.

NICOSIA — No data currently suggests Europe will fall into stagflation, a combination of high inflation, little or no economic growth and high unemployment, the European Central Bank 's president said Wednesday.

Breakfast in Cyprus: More Tourism Attractions, Air Connnections Needed

NICOSIA - The COVID-19 pandemic and limited air connections that combined to drive down tourism on Cyprus showed a need for more lures and activities for viewers beyond beaches, officials said.

NICOSIA - The COVID-19 pandemic and limited air connections that combined to drive down tourism on Cyprus showed a need for more lures and activities for viewers beyond beaches, officials said.

Ratings Agency Sees Trouble for Cyprus Over EU’s Russia Sanctions

NICOSIA - European Union sanctions against Russia for the invasion of Ukraine will likely see Cyprus' economy – which relies on Russian tourists and investors – taking a beating, ratings agency DBRS Morningstar reported.

NICOSIA - European Union sanctions against Russia for the invasion of Ukraine will likely see Cyprus' economy – which relies on Russian tourists and investors – taking a beating, ratings agency DBRS Morningstar reported.

Russia Ex-Foreign Chief Says Funds Stolen to Buy Yachts on Cyprus

NICOSIA - One of the reasons for Russia's failure to quickly conquer Ukraine in its invasion is because military funds over the years were stolen to buy mega-yachts on Cyprus, said Russia's former foreign chief Andrey Kozyrev.

NICOSIA - One of the reasons for Russia's failure to quickly conquer Ukraine in its invasion is because military funds over the years were stolen to buy mega-yachts on Cyprus, said Russia's former foreign chief Andrey Kozyrev.

Reluctant Cyprus Says Will Follow EU Sanctions, Go After Russian Assets

NICOSIA - Cyprus, home of so much Russian money and investments it's been called Moscow on the Med, nevertheless said it will go along with European Union sanctions over the invasion of Russia – at some point.

NICOSIA - Cyprus, home of so much Russian money and investments it's been called Moscow on the Med, nevertheless said it will go along with European Union sanctions over the invasion of Russia – at some point.

Cyprus’ RCB Bank to Close, Cites Russia’s Ukraine Invasion

NICOSIA — RCB Bank in Cyprus said Thursday an "extremely volatile geopolitical situation" has prompted it to wind down operations and turn itself into an asset management company.

NICOSIA — RCB Bank in Cyprus said Thursday an "extremely volatile geopolitical situation" has prompted it to wind down operations and turn itself into an asset management company.

Cyprus Says Island Having Trouble Getting Food, Raw Materials

NICOSIA - The world fallout on markets of Russia's invasion of Ukraine has ironically caused more problems for Cyprus, home to many Russians and a key tourism market for the country, over getting food and materials.

NICOSIA - The world fallout on markets of Russia's invasion of Ukraine has ironically caused more problems for Cyprus, home to many Russians and a key tourism market for the country, over getting food and materials.

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