The liquidator of an Irish company who has been seeking the return of £56m (€66m) paid by the firm to a connected Cyprus entity more than two years before he was appointed has failed in the High Court …
Minthis ranked 29th among Europe’s top 100 golf resorts for 2024
Minthis resort has been ranked the No.1 golf resort in Cyprus, and 29th top golf resort in Europe for 2024, as rated by the prestigious Leading Courses ranking system, based on reviews of travellers …
A bank windfall tax is not the answer in Cyprus
By Erol Riza Last week the two major opposition parties locked swords with Akel calling for a windfall tax on the “unexpected” earnings of the banks while Disy accused Akel of populism, wishful …
Moody’s upgrades Cyprus outlook to positive
Rating’s agency Moody’s on Saturday upgraded the outlook on the government of Cyprus to positive from stable. The decision to improve the outlook reflects Moody’s confidence in the potential for …
Cyprus sees slight increase in non-performing loans
There was a slight increase in the absolute numbers of non-performing loans (NPLs) in Cyprus in January of this year, with the ratio of NPLs to total loans remaining stable at 7.9 per cent. According …
Cyprus rental costs surge by 9.3 per cent — Limassol sees highest property price increases
Property values in Cyprus marked an increase during the first quarter of 2024, compared to the same period during the previous year, according to a report released on Friday by real estate analytics …
As wealth inequality rises in Cyprus both people and democracy suffer
It has profound socioeconomic effects, as well as political consequences in shaping the outcome of elections and policiesCyprus is a wealthy nation; but that wealth is very unevenly divided. These …
AI’s use in finance may need new rules, ECB says
The use of artificial intelligence in finance is still in its infancy but it needs to be … also considering potential reputational risks,” the ECB said. The Cyprus Mail is the only English-language …
8 EU members say conditions in Syria should be reassessed to allow voluntary refugee returns
NICOSIA, Cyprus (AP) — The governments of eight European Union member states said Friday the situation in Syria should be re-evaluated to allow for the voluntary return of Syrian refugees back to …
Cyprus developers highlight GDP contribution, creation of 35,000 jobs
The Cyprus Property Developers Association (LBDA) marked its 40th anniversary this week, stating that during this time it has emerged as a “dynamic advocate and representative of the land and property …