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BANKING: Cyprus Non-performing facilities decline by EUR 24 million in July

Banks’ Non-performing facilities (NPFs) decreased by €24 million in July 2018 to €16.61 bln from €16.63 bln in the previous month, according to figures released by the Central Bank of Cyprus. The

8th November 2018
Business

CYPRUS: Charges-driven traditional banks could lose out to digital rivals

The demise of Amex in Cyprus is seen as a harbinger of the future where charges-driven traditional banking will be as extinct as the dinosaurs replaced by digital rivals. Amex is moving

8th November 2018
Cyprus

CYPRUS: French stakeholder in airports operation looking to Chinese buyers

France's Bouygues Batiment International, the owner of 21.99% of Hermes Airports, is reportedly in advanced negotiations with Chinese investors to sell their stake in the Cyprus operation. According to Phileleftheros daily, Chinese

7th November 2018
Business

BANKING: Around 100,000 Amex holders in Cyprus must switch loyalty

The Bank of Cyprus (BoC) says it has stopped issuing new American Express cards to its 100,000 holders while all current cards are valid until March 31, 2019. The decision follows US-based

7th November 2018
Cyprus

TOURISM: Cyprus confident UK market will grow post Brexit

After attending the World Travel Market, Tourism Minister George Lakkotrypis said the London exhibition was special for Cyprus, as in 2018 the country will attract 1.3 million visitors from the UK, one

7th November 2018
Cyprus

CYPRUS: Anastasiades says decentralised powers would help solution to survive

President Nicos Anastasiades argues that decentralized powers in a Cyprus settlement create a feeling of security for Turkish Cypriots, put an end to Turkey’s intervention rights and address concerns of Greek Cypriots

7th November 2018
Cyprus

DIPLOMACY: Cyprus-US committed to boosting ties and security in East Med

A statement of intent outlining Cyprus and US determination to bolster security cooperation was signed during a visit to Washington by Cypriot Foreign Minister Nikos Christodoulides. Bilateral relations, regional developments and the

7th November 2018
Cyprus

Why Cyprus is the right place at the right time for investors

. Cyprus has a rich history, great climate and outstanding scenery, a veritable Mediterranean haven for holidaymakers. But it is also a significant and growing player on the world economic stage –

6th November 2018
Comment

CYPRUS: Halloumi shortages as UK goes mad for the squeaky cheese

Cyprus is struggling to meet the heightened demand for halloumi as fans of the famous white cheese in the UK brace themselves for going without it during fears of a summer shortage.

6th November 2018
Cyprus

CYPRUS: Halloumi cheese set to make it big in China

A protocol for the export of Cypriot dairy products to China was signed on Tuesday paving the way for the famous Cypriot white cheese halloumi to wow the huge Chinese market. Cypriot

6th November 2018
Cyprus
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