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TELECOMS: MTN Cyprus EUR 260 mln cash sale to Monaco Telecom is over the line

Johannesburg-listed telecommunications group MTN said Tuesday it has received R4.5 billion (€260 million) from the sale of its Cyprus operation to Monaco Telecom. MTN announced on 16 July that its wholly owned

4th September 2018
Business

CYPRUS: Larnaca-based drug dealer who used mum to run UK op is jailed

A Larnaca-based Cypriot dealer who let his mother run a £300,000 drug ring from the UK has been jailed for eight years after being extradited. George Pikounis, 29, set up a crack

4th September 2018
Cyprus

CYPRUS: Hellenic is leading retail/SME bank after Co-op buyout

The transition of the Cyprus Co-operative Bank’s operations and transfer of its healthy assets to Hellenic Bank has established the new entity as the island’s ‘leading retail and SME bank’, a company

4th September 2018
Cyprus

ECONOMY: Cyprus and India to boost activity in shipping, investment and tourism

Cyprus and India have pledged to up their game in the bilateral promotion of shipping, tourism and investment. India's president Ram Nath Kovind invited Cyprus to invest in his country to take

4th September 2018
Cyprus

MOODYS: Bank of Cyprus sale of nonperforming exposures is credit positive

Moody’s has welcomed Bank of Cyprus’ deal to sell a portfolio of loans with a gross book value of €2.8 bln to Apollo Global Management LLC, a global alternative investment manager but

4th September 2018
Business

INVESTMENTS: More pain for emerging markets?

By Hussein Sayed, Chief Market Strategist, FXTM   Asian equities were mixed on Tuesday as U.S. markets were closed for Labour Day on Monday and investors continued to price in a further

4th September 2018
Business

CYPRUS: PrimeTel takes part in first 5G pilot programme for EU

PrimeTel has announced its participation in the first 5G test platform in the European Union, which will also actively contribute to the digital reconfiguration of the telecom landscape in Cyprus. The “5Genesis”

4th September 2018
Business

CYPRUS: Landmark hotel goes under the hammer for 2.36 mln euros

The landmark Berengaria hotel located in Prodromos is going under the hammer with a reserve price of EUR2.36 mln, putting an end to hopes the historic property can be revived as a

2nd September 2018
Cyprus

MIGRATION: Cyprus is worried over increased migrant flows to the island

Cyprus Interior Minister Constantinos Petrides is concerned over the increasing trend in the flow of migrants to Cyprus, calling for a holistic solution to people smuggling in the EU. Nicosia warned that

2nd September 2018
Cyprus

CYPRUS: Fake news will not cut it in the classroom

. There was a mass protest in Nicosia this week by school teachers unhappy that the government wants to initiate reforms in education which they don’t like. Like most public rows in

2nd September 2018
Comment
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