Hellenic Bank’s property recoveries subsidiary APS Debt Servicing Cyprus has sold six properties worth EUR 16.1 mln in March, acquired by the bank mainly through debt-to-asset swaps. APS said it has sold
Egypt, Greece and Cyprus started Monday a joint aeronautical military exercises known as Medusa-8, in the Mediterranean Sea off Alexandria. The military drills are part of annual joint exercises carried out by
Cyprus National Betting Authority has asked the House to approve a EUR 1 mln budget for the creation of support mechanisms for young people exposed to gambling and become addicted to it.
The leaders of Jordan, Cyprus and Greece agreed to establish a Permanent Secretariat in Nicosia, which will anchor and facilitate their trilateral cooperation in the fields of regional security, energy and trade.
Rating agency, Fitch, affirmed Cyprus’ Long-Term Foreign-Currency Issuer Default Rating (IDR) at `BBB-` maintaining with a Stable Outlook. The agency, noted that Cyprus’ ratings balance per capita GDP and governance indicators in
Greek firm Energean, the oil and gas producer focused on the Mediterranean announced that its Karish North exploration well offshore Israel has made a “significant” gas discovery. Preliminary analysis indicates: Initial gas
EuroAsia Interconnector, the project promoter of the 1,000 MW electricity cable between Israel, Cyprus, Crete and mainland Greece, is suing the energy regulator RAE in Athens for breach of contract after the
While the government is all at sea over what the state is liable to pay in compensation after civil servant salary cuts in 2012, were deemed unconstitutional, private sector workers are now
. Cyprus can never be considered a military power but that doesn’t mean it has to be a sitting duck if push comes to shove and it needs to defend itself. The
. With restructuring of the Banks, the NPLs, the pending management of repossessed real estate, debt for asset swaps and forced sales, have created a rather sudden demand for real estate valuers/administrators/architects
