Developers said Friday banks made it difficult for people to get loans due to the strict criteria imposed by the central bank.

President Nicos Anastasiades said that multi-billion private developments and expenditure on public utilities, also amounting to several billion euros, are proof of the economy’s dynamic development and of restored confidence.

Cyprus has won back the halloumi trademark in the UK, more than 18 months after it lost it because of a blunder by Commerce Ministry officials.

Sustainable development and protecting traditional methods of farming were the main items on the agenda as discussions wrapped up in Omodos village on a European conference on the challenges facing mountainous areas of large Mediterranean islands during which the Troodos Cyprus Declaration was approved.

With liquified petroleum already being moved to the new facilities in Vasilikos and liquefied natural gas (LNG) scheduled to be transferred to the same area in December 2020, the Larnaca municipality has plans to transform the area of Livadia, once the refinery located there finally shuts down.

Famar S.A., one of Greece’s biggest pharmaceutical companies which belonged to Marinopoulos Group before its acquisition by American Pillarstone, has been taken over now by a Cypriot-US joint venture.

In 2018, Cyprus became the country with the highest stock of non-performing loans (assets) of general government, with 32.4% of GDP, far ahead of the other EU Member States, according to data released today by Eurostat the statistical office of the EU. According to Eurostat this was due to a large transaction, whereby non-performing loans from a Cypriot public financial corporation (classified outside government) were transferred to a government unit.

Britons living in Cyprus continue to register at the Civil Registry and Migration Department, due to Brexit, as the Interior Ministry tries to find ways to facilitate the process for around 5,000 expats with disabilities.

Cyprus was one of six EU states where annual unemployment actually went up in 2019 while jobless among the youth is coming down.

A leading cause of preventable deaths in Cyprus is lung cancer while mortality from diabetes is the highest in the EU, although it has seen a significant downward trend since 2004, a report reveals.