Cyprus

Cypriot Teachers Have the Biggest Spending Power in Europe

A European Commission report released on Saturday, showed that teachers in Cyprus have more spending power than their European colleagues despite an 8.5% reduction to their salaries due to the economic crisis. The report entitled "Teachers’ and Schoolheads’ Salaries and Allowances in...

Cyprus: International Manhunt for Stolen Degas Painting

An international manhunt is now underway to recover a painting attributed to the French impressionist Edgar Degas. "Ballerina Adjusting Her Slipper" was stolen by a group of thieves earlier this week in Limassol, Cyprus. Cypriot authorities are making organized efforts to...

ECB to Change Rules to Buy Greek, Cypriot Debt

The European Central Bank is set to change its rules to allow it to buy asset-backed securities with junk ratings issued by Greek and Cypriot banks. The ECB’s executive board, meeting Thursday (2 October), is to propose that its requirements...

Obama: Cyprus is a "Valued Friend and a Partner"

President Barack Obama has reiterated the US’ strong support for efforts to bring about a settlement in Cyprus, describing the Republic as a “valued friend and a partner” of Washington. “I also reiterate my strong support for efforts to achieve...

7.6 Million Dollar Painting Stolen on Cyprus

On Tuesday the Cypriot police announced that thieves had looted a valuable painting from the house of a 70-year-old Greek Cypriot in the city of Limassol. The painting, a masterpiece entitled "Ballerina Adjusting Her Slipper" by the French painter Edgar...

The Sunrise: Victoria Hislop's New Novel About Famagusta

40 years ago, the Cypriot town of Famagusta was occupied by Turkish forces. Today it's capturing media attention once again, as the subject of Victoria Hislop’s new novel, “The Sunrise,” which will be released in Greece on October 22. “As I...

Greece, Egypt and Cyprus Agree to Strengthen Relations

Greece, Egypt and Cyprus have expressed their commitment to work closely and strengthen their cooperation in areas of mutual benefit, following a trilateral meeting the Foreign Ministers Evangelos Venizelos, Sameh Shoukry and Ioannis Kasoulides had in New York, on...

Banks vs The People

The most important thing to remember when dealing with banks is a simple rule; banks are a business, motivated by profit. Banks are not sensitive to social needs, do not take risks and bank managers are not your friends....

Kykkos Monastery in Cyprus Strapped for Finances

The Kykkos Monastery of Cyprus is the latest victim of the country's ongoing economic crisis. Reports emerged yesterday that the monastery – historically, the island's wealthiest – has been forced to carry out a series of cutbacks, including layoffs. According...

Greek-Cypriot Footballer Transfers to Turkish-Cypriot Club

The first transfer of a Greek-Cypriot football player to a team located in the Turkish-occupied part of Cyprus has Greek fans shocked. Dimitris Vasileiou, 35, has played for several Cypriot football teams, but has now signed on with Değirmenlik FC,...