The biggest challenge for Cypriot banks is finding alternative profitable products beyond lending, central bank (CBC) governor Constantinos Herodotou said on Friday, as he urged lenders to speed up transaction clearing procedures to avoid losing business.

Cheesemakers have agreed to prepare a contract with the provisions of an agreement achieved last week during a meeting at the Presidential Palace as regards the milk ratio in halloumi, Agriculture Minister Costas Kadis said on Friday.

The Leptos Group, which is at the forefront of Real Estate since 1960, proudly celebrates 25 continuous years of publication of its Property Gazette (in English and Russian) with 60,000 copies published per year and more than 1.5 million to date.  At the same time, the issue of the Chinese Property Gazette continues its successful publication for the last 3 years.

Among EU member states, Cyprus has one of the highest number of radio broadcasting enterprises per million inhabitants, a Eurostat report showed on Thursday.

Three more films by Hollywood director of Greek origin Demetris Logothetis are to be shot in Cyprus, with the next to start filming in April, the company said on Thursday.

The economy in Cyprus will grow by 3.2% in 2019, 2.8% in 2020 and 2.5% in 2021, according the European Commission’s Winter Economic Forecast, published on Thursday in Brussels.

The government has reached agreement with a Cyprus-Israeli consortium for the redevelopment of Larnaca port and marina, Transport Minister Yainnis Karousos has announced.

Cyprus credit card transactions in January increased by 6%, reflecting stable consumer confidence while online payments to the state did not play a significant role in the rise.

The European Commission has sent legal warnings to Cyprus, Portugal, the Netherlands and five other EU states over their delays in applying new anti-money laundering rules adopted at European Union level two years ago.

The number of building permits issued by municipal and regional authorities increased by about 11% during the period January-November 2019, compared to the year before.