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TECHNOLOGY: Cyprus laying the groundwork for 5G future

Cyprus telecom companies are preparing the ground for the next generation of faster 5G connectivity while battling it out for a bigger share of the lucrative mobile phone pie. With 5G networks

16th December 2018
Business

CYPRUS: Reviving the glory days of central Nicosia

.  After almost four years of construction, the new Nicosia square (Eleftheria) seems that it is reaching the end and with the delivery date set for early 2019. The square which will

16th December 2018
Comment

FINANCE: Cyprus records largest drop in NPLs but debt still high

Cyprus recorded the largest decrease among EU countries in Non-Performing Loans (NPLs) between June 2017 and June 2018, said a European Banking Authority (EBA) report. According to the EBA’s risk assessment of

15th December 2018
Business

CYPRUS: Government welcomes approval of 2019 surplus budget

A majority of Cypriot MPs have approved the government’s 2019 budget that provides for a surplus amounting to 3% of GDP. Thirty MPs from ruling DISY, the DIKO and the Solidarity Movement

15th December 2018
Business

EDITORIAL: Cyprus must relearn how to make things again

. What seems to be different about the new consortium bidding to take over and develop Larnaca marina and port is that the investors are keen to help develop the town’s economy

15th December 2018
Comment

CYPRUS: Lost Halloumi UK trademark still up for grabs

John & Pascalis, the British firm which revoked the Cyprus Republic’s UK Halloumi trademark intends to continue its legal action against Nicosia through the European courts. After achieving the revocation of the

15th December 2018
Cyprus

ENERGY: Hungary eyes Cyprus gas as it seeks to diversify from Russia

Hungary said on Friday it would be a customer for untapped offshore Cyprus gas as it seeks energy security and to diversify supply away from dependence on Russia. Hungarian Foreign Minister Peter

14th December 2018
Cyprus

CYPRUS: BOC Holdings gets green light from Ireland for EUR 220 mln cap securities

Bank of Cyprus Holdings, the LSE and CSE-listed parent of the island’s biggest lender, has received the green light from the Irish authorities to issue EUR 220 mln in fixed-rate capital securities,

14th December 2018
Business

CYPRUS: Countdown to the biggest facelift in Larnaca\\\’s long history

A huge €1.5 bln development project that will change the face of Larnaca port and its marina is expected to get the go-ahead on January 16.  Government officials are mulling over a

14th December 2018
Cyprus

CYPRUS: President to hold crucial talks with UN envoy on Sunday

Cyprus President Nicos Anastasiades will hold key talks with UN envoy Jane Holl Lute on Sunday in efforts to restart a peace process dormant for 17 months. The UN has said that

14th December 2018
Cyprus
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Latest News

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  • WTI rally slows down as Tehran leaves door open to diplomacy
  • Cyprus NPLs drop marginally to €830 mln
  • Gold under pressure on inflation, Iraq supplies, Iran crisis
  • Burnham should keep Miliband “out of the Treasury”

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WTI hits 6-week high of $86, as supply concerns rise

Oil prices continue rallying on Wednesday as hostilities in Iran

WTI rally slows down as Tehran leaves door open to diplomacy

West Texas Intermediate traded around $81.30 on Monday, down 0.54%

Cyprus NPLs drop marginally to €830 mln

Non-performing loans in Cyprus remained almost unchanged at €830 mln

Gold under pressure on inflation, Iraq supplies, Iran crisis

Gold is down 0.7% to near $4,030 in European trading

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