Economic sentiment in Cyprus improved in December 2016 as the Economic Sentiment Indicator (ESI-CypERC) increased by 3.1 points compared to November following a pickup of business confidence in services, retail trade and
* Shares to debut on LSE, resume CSE trading from January 19 * Bank of Cyprus reached another milestone on Thursday (January 5) when it announced it had fully repaid its bailout-imposed
The number of unemployed persons registered at the District Labour Offices dropped by 6.1% year-on-year to 41,852 in December, the statistical service Cystat said. The drop was mainly in construction (a
Cyprus recorded its first rate of inflation in 24 months in December. The Harmonised Price Index (HICP) for December increased by 0.1%, compared to December 2015, while for the 12-month period between
Nearly 9 mln passengers travelled through Larnaca and Paphos airports last year, an increase of 18% from 2015, according to operator Hermes Airports. A significant increase was recorded in the number
The Co-operative Central Bank, the amalgamation of 18 Co-op savings that were bailed out and taken over by the government in 2014, has restructured loans to the tune of EUR 1.25 bln,
Lebanese banker Maurice Sehnaoui, who has controlling stakes in USB Bank and Societe Generale Cyprus through parent company BLC Bank SAL, and other investors have acquired a majority stake in Piraeus Bank
The Cooperative Central Bank got the green light to list on the Cyprus Stock Exchange on Friday, after it’s a shareholders’ extraordinary general meeting approved the merger of the 18 cooperative credit
A meeting between Greek Cypriot negotiator Andreas Mavroyiannis and Turkish Cypriot negotiator Ozdil Nami on Tuesday was “good and substantial,” according to the Cyprus News Agency. The two men discussed the
Real estate sales rose by 43% in 2016 from the year-earlier figures, according to data from the Department of Lands and Surveys (DLS). Sale contracts submitted to the DLS reached 7,013
