HSBC has become correspondent bank for Bank of Cyprus for transaction services in dollars and this is a vote of confidence for the Cypriot lender, Phileleftheros reports.

Eurozone’s annual inflation rate was 1.4% in January 2020, up from 1.3% in December 2019, according to Eurostat data released on Friday.

Online auction of properties acquired by banks, mainly through debt-to-asset swaps to reduce their toxic loans, have started to take-off as many more are being sold off.

Cyprus shipping supports the Industry’s positions on the EU Green Deal and is fully committed to eradicating its greenhouse gas (GHG) emissions as soon as possible.

Cyprus was ranked 23rd among 180 countries in the ‘flourishing’ of children in a new UN-led research, ahead of Italy Israel and Slovenia and behind Portugal, Canada and Australia (22, 21 and 20 respectively).

The general-secretary of Greece’s New Democracy party, Giorgos Stergiou was in Cyprus on Wednesday for the opening of the party’s new offices within the building of ruling Disy in Nicosia.

The annual one million visits to the Akamas peninsula mentioned on Tuesday refer only to visits made by Cypriots and the number does not include tourists from abroad, Agriculture Minister Costas Kadis clarified on Wednesday.

Air traffic at Larnaca and Paphos airports increased by 8.6% in January 2020, according to Hermes Airports data.

A surge in tourists from Israel helped Cyprus achieve a record number of arrivals for January, increasing 4.5% annually to exceed 85,000.

Strong growth prospects and sustained fiscal discipline places Cyprus on a firm declining path but contingent liabilities, healthcare and public sector wage-related costs, as well as weaker external conditions, pose risks to the outlook, Scope rating agency said.