Hellenic Bank profits halved to €21 mln

Hellenic Bank saw its nine-month after-tax profits halved to €21 mln, from €40 mln in the same period last year, following a flat third quarter. It reported €8.2 mln in after-tax profits

BoC Q3 turnaround, NPLs dip further

Bank of Cyprus is on track to return to steady profits after it announced a third-quarter after-tax profit of €19 mln and a significant reduction in its non-performing loans. The bank reported

Markets gripped by Omicron menace

By Lukman Otunuga, Senior Research Analyst at FXTM A wave of risk aversion upset European markets on Tuesday as concerns over the effectiveness of existing Covid-19 vaccines against the Omicron virus left


Maronites hope Pope can save them

As day breaks over a tiny hamlet in northwest Cyprus, some 20 people in an ancient Church observe a morning liturgy in an even more ancient language. For centuries, this small community

Second suspect sought over missing women

Cyprus police have issued an arrest warrant for a second person connected to the disappearance of two Russian women, 33 and 43, believed to have been murdered. Authorities have detained a 32-year-old

China, Cyprus elevate relations

Cyprus and China issued a joint statement on the 50th anniversary of establishing diplomatic relations as the two countries agreed to elevate bilateral ties to a Strategic Partnership. Upgrading ties could see


List of high tech firms grows

Courting Big Tech and Fintech firms is paying off; as more companies pack their bags to set up shop in Cyprus, Eurisko Mobility, active in digital transformation, announced plans to relocate. Eurisko

COVID19: Omicron could signal pandemic end

The Omicron COVID-19 variant is highly transmissible and could escape vaccine immunity, but some scientists feel the latest mutation could end the pandemic. Speaking to the Cyprus News Agency, epidemiologist Dr Michalis

COVID19: More measures to save Christmas

Emergence of the Omicron COVID-19 variant, coupled with the island’s new spike of infections, has authorities ready to introduce PCR testing for all Cyprus arrivals. Cyprus introduced tighter measures to clamp down

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