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Economy

NICOSIA — Israel and Cyprus said Monday that they have made “significant” headway in resolving a long-running dispute over an offshore natural gas deposit and say they are committed to quickly reaching a deal as Europe looks for new energy sources.

NICOSIA - It’s not just the endless failure to reunify the island split by unlawful 1974 invasions that is making more Turkish-Cypriots giving up and leaving, but the faltering economy as the homeland Turkey has record inflation.

NICOSIA - It’s not just the endless failure to reunify the island split by unlawful 1974 invasions that is making more Turkish-Cypriots giving up and leaving, but the faltering economy as the homeland Turkey has record inflation.

NICOSIA - Cyprus wants the island’s red potato to get the European Union’s approval for a Protected Designation of Origin (PDO) product that was given to the so-called white gold halloumi cheese that doesn’t melt when grilled.

NICOSIA - Cyprus wants the island’s red potato to get the European Union’s approval for a Protected Designation of Origin (PDO) product that was given to the so-called white gold halloumi cheese that doesn’t melt when grilled.

NICOSIA - The valued Protection Designation of Origin (PDO) for Cyprus’ halloumi means other countries can’t claim it makes the product, but requirements for how it’s made and raw materials cost will bring price jumps.

NICOSIA - The valued Protection Designation of Origin (PDO) for Cyprus’ halloumi means other countries can’t claim it makes the product, but requirements for how it’s made and raw materials cost will bring price jumps.

LATEST

Bank of Cyprus Turns Down Texas Fund’s Takeover Bid

NICOSIA - A takeover approach from the Dallas-based Lone Star Funds was rejected by the Bank of Cyprus, the attempt made as the bank’s shares had gone up 11 percent this year, nine years after confiscating more than half the funds of those holding accounts of more than 100,000 euros ($99,650.

NICOSIA - A takeover approach from the Dallas-based Lone Star Funds was rejected by the Bank of Cyprus, the attempt made as the bank’s shares had gone up 11 percent this year, nine years after confiscating more than half the funds of those holding accounts of more than 100,000 euros ($99,650.

Bank of Cyprus Rejects 3 Lone Star Bids for Share Buyout

NICOSIA — Cyprus’ largest bank, Bank of Cyprus, said Friday it has rejected three successive cash bids over the last three months by LSF XI Investments LLC to buy all its share capital on the grounds that they “fundamentally undervalue” the financial institution.

NICOSIA — Cyprus’ largest bank, Bank of Cyprus, said Friday it has rejected three successive cash bids over the last three months by LSF XI Investments LLC to buy all its share capital on the grounds that they “fundamentally undervalue” the financial institution.

Tourist Arrivals in Cyprus Creep Closer to 2019 Record Year

NICOSIA - Despite the lingering COVID-19 pandemic and losing flights from Russia over European Union sanctions for the invasion of Ukraine, tourism on Cyprus had hit 75 percent of the big year of 2019.

NICOSIA - Despite the lingering COVID-19 pandemic and losing flights from Russia over European Union sanctions for the invasion of Ukraine, tourism on Cyprus had hit 75 percent of the big year of 2019.

US Firm Chevron Leads Aphrodite Gas Field Project Off Cyprus

NICOSIA - Cyprus has given the go-ahead for the American energy giant Chevron to develop the Aphrodite gas field offshore on the border of Israel's territorial waters as Turkey continues to hunt in other waters off the island.

NICOSIA - Cyprus has given the go-ahead for the American energy giant Chevron to develop the Aphrodite gas field offshore on the border of Israel's territorial waters as Turkey continues to hunt in other waters off the island.

Cyprus Εxpects Gas Field Development Plan by End of Year

NICOSIA — A plan to develop a sizeable natural gas field off Cyprus that could help the European Union find alternative energy sources to Russia will be ready by the end of the year, the east Mediterranean island nation's energy minister said Thursday.

NICOSIA — A plan to develop a sizeable natural gas field off Cyprus that could help the European Union find alternative energy sources to Russia will be ready by the end of the year, the east Mediterranean island nation's energy minister said Thursday.

Cyprus Electric Bills Rising, Help for People Who Can’t Pay

NICOSIA - Joining with other countries where electricity prices are soaring in the aftermath of Russia's invasion of Ukraine, Cypriots will see a 24 percent hike but the government said subsidies for those who can't afford it will cut it to 4 percent for them.

NICOSIA - Joining with other countries where electricity prices are soaring in the aftermath of Russia's invasion of Ukraine, Cypriots will see a 24 percent hike but the government said subsidies for those who can't afford it will cut it to 4 percent for them.

Anastasiades Lauds Ayia Napa Marina as Rich Tourist Magnet

NICOSIA - With countries reaching out more to the ultra-wealthy for higher-class tourism, Cyprus is making its bid with the 300-million euro ($315 million) Aya Napa Marina that offers world-class facilities for yachts.

NICOSIA - With countries reaching out more to the ultra-wealthy for higher-class tourism, Cyprus is making its bid with the 300-million euro ($315 million) Aya Napa Marina that offers world-class facilities for yachts.

Cruise Ships Help Revive Cyprus’ Tourism Economy During COVID

NICOSIA - Despite the loss of Russian tourists over European Union sanctions for the invasion of Ukraine, Cyprus – even during the COVID-19 pandemic that's receding – is drawing big crowds of visitors, helped by cruise ships.

NICOSIA - Despite the loss of Russian tourists over European Union sanctions for the invasion of Ukraine, Cyprus – even during the COVID-19 pandemic that's receding – is drawing big crowds of visitors, helped by cruise ships.

Cypriot Entrepreneurs Fueling Start-Ups But Women Left Out

NICOSIA - Women have largely been excluded from the otherwise success of some 55 startup companies on Cyprus that employ only a handful of people, said a study by the University of Cyprus’ Center for Entrepreneurship.

NICOSIA - Women have largely been excluded from the otherwise success of some 55 startup companies on Cyprus that employ only a handful of people, said a study by the University of Cyprus’ Center for Entrepreneurship.

No Russian Tourists Over EU Sanctions Costs Cyprus 600M Euros

NICOSIA - With its reliance on Russian tourists, Cyprus is perhaps the European Union country most hurting over sanctions for the invasion of Ukraine that bar Russian airlines from coming into the bloc.

NICOSIA - With its reliance on Russian tourists, Cyprus is perhaps the European Union country most hurting over sanctions for the invasion of Ukraine that bar Russian airlines from coming into the bloc.

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