The Public Debt Management Office announced that during Monday’s 13-week Treasury Bills Auction, tenders for a total amount of EUR 117 mln were submitted, out of which 100 mln were accepted with
Tourism revenue rose by 4.4% year-on-year in 2015, according to the Statistical Service, with total earnings estimated at EUR 2.11 bln, compared to EUR 2.02 bln in 2014. On the basis of
. As of next week, if the upcoming Eurogroup meeting does not implode over the ongoing refugee standoff, Cyprus should get its release papers and officially exit the Memorandum of Understanding for
Hellenic Bank closed 2015 with a bigger, healthier balance sheet and a reducing trend in non-performing loans, it announced on Friday. Despite the difficult and challenging economic environment and the increased
Bank of Cyprus reported losses of EUR 438 mln for 2015, according to the preliminary financial results released by the board, having raised provisions for impairment of loans by EUR 600 mln
The Co-operative Central Bank (CCB), bailed out by the state to the tune of EUR 1.5 bln, and recapitalised by a further 175 mln last year, reported a net profit of EUR
* High stock of NPLs starting to reduce Central Bank Governor Chrystalla Georgadji has said she is optimistic about the course of both the economy and the banking system, as the island
The two main consortia that have won the three tenders for the commercialisation of Limassol port will pay a license fee of EUR 10 mln, and an additional 9.1 mln in annual
. By George Theocharides Most people know Korea because of the threat for world stability that is posed by Kim-Jong un, the young leader of Pyongyang, North Korea. Indeed, it is a
* Pilakoutas Group enjoys lead position with Nissan and BMW brands The recently reported 20% rise in new saloon car sales is evidence that the tide has turned for the economy, according
