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The Cyprus Justice Minister has announced a decision approved by the cabinet to minors (under the age of 18) who have broken the law or committed a misdemeanor from now on will be reprimanded without involving the judicial system. This marks the start alternative legal processes for young offenders in…


The Cyprus Tourism Organisation (CTO) shared figures last week which showed the aggregate total profits for Q1 and Q2 in Cyprus have now reached a record of almost €1 billion. The CTO remarked that the increase in revenue specifically in the month of June amounted to a rise of 15% and profits of €346…


According to data recently published by Eurostat, Cyprus came in last out of all EU member states regarding figures related to government expenditure in the healthcare sector in 2015 and 8th out of 28 in education-related government expenditure. Cyprus’ government spending on healthcare amounted to…


Eurobank, Greece’s third largest lender recently decided to open a subsidiary in Cyprus (Eurobank Cyprus Ltd) have generated a net profit of €24 million in the first half of 2017 compared to €37 million net profit generated throughout the entire financial year in 2016. The bank released an emailed statement…


The European Research Council using figures provided by the University of Cyprus continue to research the latest trends and general consensus of the population in Cyprus, and recent figures show that the islands economic sentiment indicator dropped by 7 points last month to 110.9; the lowest it has been…


Hellenic Bank, the islands second largest Cypriot lender, announced in a statement on the Cyprus Stock Exchange website has announced predictions that a €13 million after tax loss will be filed in Q2, in the months from April to June 2017; despite registering a €50 milllion increase in damage provisions…



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