While deposit rates are at rock bottom with some banks even applying negative interest on large sums, Insurance companies argue that their investment funds may offer shrewd investors a way out.

Cyprus' central government debt declined to €20,739 million in December 2019, marking a reduction of €330 million compared with end-2018, according to new data released by the Ministry of Finance Public Debt Management Office (PDMO).

The Paralimni/Protaras area will be promoted as an ideal destination for couples as part of a new strategy by the Paralimni Municipality presented yesterday in the presence of Deputy Minister of Tourism Savvas Perdios.

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.