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DIPLOMACY: US-Cyprus security bond in East Med growing stronger

Cypriot Foreign Minister Nikos Chirstodoulides believes that relations with the United States have made important steps in strengthening the security dimension, with Washington increasingly acknowledging that Cyprus is a solid partner in

15th November 2018
Cyprus

CYPRUS: Maintaining large non-EU deposits and shell companies is over

The practices of maintaining large deposits by non-EU citizens accompanied with shell companies are finished, Cyprus Minister of Finance Harris Georgiades said. He blamed such practices on contributing to the financial meltdown

15th November 2018
Cyprus

CYPRUS: Credit card transactions surge 24% in October

A strong 24% increase was recorded credit card transactions during October, reflecting the recovery in consumption, while income tax payments also played a part. According to new JCC data, the value of

14th November 2018
Business

CYPRUS: Cypriots awarded at International Olympiad on Astronomy and Astrophysics in Beijing

The Cypriot delegation to the 12th International Olympiad on Astronomy and Astrophysics (IOAA) held in Beijing received two awards. English School student Hradzia Zakarian received an honorary mention for his overall contribution

14th November 2018
Business

CYPRUS: EBRD conference for Cypriot SMEs in the hospitality industry

The European Bank for Reconstruction and Development (EBRD) is hosting, on 22 November, a conference entitled “Reshaping the hospitality industry – Challenges and opportunities for Cypriot SMEs”.  The conference at Radisson Blue

14th November 2018
Business

CYPRUS: EP Rapporteur calls for suspension of EU-Turkey accessions talks

European Parliament Rapporteur Kati Piri proposes the formal suspension of accession negotiations with Turkey reiterating her call on Ankara to refrain from threatening Cyprus. Dutch socialist MEP Kati Piri presented on Wednesday

14th November 2018
Cyprus

ECONOMY: Cyprus GDP growth estimated at 3.6% in Q3

Cyprus’ economy expanded by 3.6% in three-month period July-September, racking up 15 quarters of consecutive growth, official data showed Wednesday. Compared with the previous quarter, GDP grew by 0.7% in Q3 2018

14th November 2018
Business

ECONOMY: EBRD says Cyprus must focus on renewable energy, NPLs and business reform

Despite a major economic recovery, Cyprus has put privatisation on hold, needs to take renewable energy seriously, reduce NPLs and focus on targeted business reform, said the EBRD in its 2018-19 Transition

14th November 2018
Cyprus

BANKING: RCB named Safest Bank in Cyprus for third consecutive year

RCB Bank for the third consecutive year has won the prestigious “Safest Bank in Cyprus” award by the internationally renowned Global Finance magazine. In its exclusive annual survey, which serves as a

14th November 2018
Business

A tale of two islands: why Ireland’s problem is a headache for Cyprus

. They are islands on the fringes of the European Union; two former British colonies that struggled for independence and became friends with their old rulers once they had achieved it. They

13th November 2018
Comment
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Latest News

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