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CYPRUS: State-owned asset management company generates EUR 101 mln

Cyprus’ state asset management company (KEDIPES) generated income of €101 mln in the first four months of operation, following the sale of the Cooperative Bank to Hellenic Bank. KEDIPES was established as

20th February 2019
Business

CYPRUS: Radisson looking to establish six hotels on the island

Radisson has signed a deal with SunnySeeker Hotels to have six of its branded hotels on Cyprus after the first one opened in Larnaca last year. The Radisson Hotel brand will upgrade

20th February 2019
Business

CYPRUS: Holding European elections estimated to cost EUR 3.5 mln

Cyprus has budgeted around €3.5 mln to cover the cost of the upcoming European parliament elections on May 26 but interest in voting is low. Head of the electoral service Demetris Demetriou

20th February 2019
Cyprus

CYPRUS: Championship title race takes new twist after Uzoho punishment

Cyprus’ first division championship has turned on its head with Apollon Limassol topping the table after awarded three points when the football association reversed a 1-0 defeat to Anorthosis over an ineligible

19th February 2019
Cyprus

FINANCE: Cyprus raises one bln euros in first ever 15-year bond

Cyprus on Tuesday raised 1 billion euros through its first ever 15-year government bond issue which was eight times oversubscribed. “The issue of the first 15-year bond of the Republic of Cyprus

19th February 2019
Business

CYPRUS: RCB Bank enters credit card clearing sector

RCB Bank announced Tuesday it has expanded its list of payment solutions offered to customers to include card clearing operations, as it takes on board some of the island’s biggest commercial businesses

19th February 2019
Business

TRAVEL: Louis puts Cyprus back on cruise map with Celestyal

Celestyal Cruises, the cruising division of Cyprus-listed Louis Plc, is returning to its home base towards the end of the year, offering five week-long cruises out of Limassol, calling on Piraeus, Rhodes,

19th February 2019
Cyprus

CYPRUS: Number of building permits issued jumps 12%

During the 11-month period January to November 2018, building permits issued in Cyprus increased 12.05% to 5,929 compared to 5,291 in the same period of 2017. The total value of these permits

19th February 2019
Business

CYPRUS: Picking a top-class school for ex-pat pupils

. Parents in Cyprus want the best possible education for their children. But many are being ripped off by freebooting teachers and unlicensed colleges charging as much as €600 a month to

19th February 2019
Comment

CYPRUS: Cypriot drivers are notorious highway speed offenders

Cyprus has one of the highest violation rates of breaking the speed limit on highways (63%) in the European Union, according to the PIN Flash Report, published by the European Transport Safety

19th February 2019
Cyprus
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