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CYPRUS: Pharma prices 20-30% too high, says WHO

The single most important challenge of the pharmaceutical sector in Cyprus is the absence of a health insurance scheme and the resulting lack of a reimbursement system that accounts for the peculiarities

21st August 2014
Cyprus

BANKING: EBA releases templates for stress test

The European Banking Authority (EBA) has published the final templates for the 2014 EU-wide stress test that will be conducted on 128 Eurozone banks and will be announced in October. In a

21st August 2014
Business

CYPRUS: Industrial turnover index down 7.3% in May

The Cyprus Industrial Turnover Index decreased by 7.3% in May, compared to May 2013, and reached 77.8 units (base 2010=100), the Statistical Service Cystat announced. It said that for the period January

21st August 2014
Cyprus

NATGAS: Cyprus keen to sell ENI-Kogas output to Egypt

The Cyprus government will enter into concrete talks with Cairo over a possible natural gas sale to Egypt after the first results of the exploration activity by ENI-KOGAS in Cypriot offshore blocks

21st August 2014
Cyprus

ASSETS: Bank of Cyprus to sell Romania hotel for €95 mln

The Bank of Cyprus said it has signed an agreement for the sale of its assets in Romania, saying it would enhance its liquidity by €95 mln. The bank said it was

21st August 2014
Cyprus

SANCTIONS: Cyprus hopes to send unsold Russia produce to Gulf

Agriculture Minister Nicos Kouyialis said he is optimistic that the agricultural produce that was to be exported to Russia and has been affected by the embargo imposed on the EU by the

21st August 2014
Cyprus

TRADE: Eurozone surplus rises to €16.8 bln in June

Euro area trade surplus was €16.8 bln in June, from €15.4 bln in May and €15.7 bln in June 2013, according to Eurostat. The statistical office of the EU said that in

21st August 2014
Business

NO GREEN: Cyprus industries spent only 0.17% of GDP on eco

A mere 0.17% of Cyprus GDP was spent on environmental protection activities in industry in 2012, less than half that in other EU countries where expenditure reached 0.39%, the statistical service Cystat

21st August 2014
Cyprus

TOURISM: Jan-July up 6%, UK and Scandinavians shun Cyprus

Tourist arrivals increased by 5.7% year-on-year in July, the statistical service Cystat said, while Cypriots’ trips abroad were up 11.4% in the same month last year, probably as many did not travel

21st August 2014
Cyprus

CYPRUS: President seeks consensus on revised foreclosure bill

President Nicos Anastasiades held a series of meetings with key members of his cabinet on Monday with the aim of seeking consensus among most of the political parties and to get it

18th August 2014
Cyprus
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