Cyprus justice is heading for a total overhaul with a number of bills tabled to parliament aimed at reorganising the creaking court system. Presenting the bills before the House Justice Committee, Justice
Parliament has called the energy minister to a committee hearing to explain why the Greek government refused to support the Israel-Cyprus-Crete-Attica electricity cable as an EU project of common interest (PCI). Daily
Cyprus financing needs for 2020 will be covered by bond issuances on international capital markets amounting to €1.25 bln, the Finance Ministry’s Public Debt Management Office (PDMO) said. In an investor presentation,
European Parliament approval of the new European Commission, under Ursula von der Leyen, is expected to be postponed until next month, due to rejection of nominees from France, Hungary and Romania. Sources
Fitch Ratings has revised Bank of Cyprus conditional pass-through (CPT) mortgage covered bonds Outlook to Positive from Stable and affirmed the rating at A. The rating action follows the Outlook revision to
A British teenager accused of falsely claiming she was gang-raped by 12 Israeli tourists told a court in Cyprus on Wednesday that her retraction of the claim was coerced by police. During
Ireland President Michael Higgins called on Turkey to seek the negotiating approach in Cyprus and to stop its military offensive in Syria which is causing a humanitarian crisis. Higgins addressing a special
Non-performing loans (NPLs) rose for a second consecutive month in May amounting to €8.05 bln with non-performing exposures (NPEs) dropping by €11 mln to €10.13 bln, or some 30.8% of total loans.
By Han Tan, Market Analyst at FXTM Most Asian stocks are following their US counterparts higher, after strong earnings reports out of US banks gave equities another reason to climb higher, after
Discovery of basic forms of life under the surface of Mars would have a similar impact of discovering the first planet around another star other than our Sun, a leading scientist said.
