The government has welcomed Friday’s upgrade by the Dominion Bond Rating Service (DBRS) of Cyprus’ long-term foreign and local currency issuer ratings from CCC to B (low). Government spokesman Nikos Christodoulides said
The Cyprus government has condemned the inhumane abuse of a stray dog by hotel employees, saying this is a disgrace to society and pointing out that innocent animals must be protected and
The International Monetary Fund is set to decide on Monday over the disbursement of an 86 mln euros tranche to Cyprus. The Fund’s Executive Board will discuss the fourth review of the
The near-term outlook for Cyprus remains grim as a result of last year’s near-meltdown of the financial sector and an aggressive austerity programme, but GDP is expected to contract by 4.3% this
Bank of Cyprus, the island’s former finance giant that has been brought to its knees by a painful bailout plan following years of bad management, edged closer to returning to normalcy when
Drugs abuse killed 154 people in Cyprus between 2004 and 2014, Justice and Public Order Minister Ionas Nicolaou said in a message on the occasion of the International Day Against Drugs. The
Total sales of petroleum products for the first five months of the year declined 5.8% year on year, according to figures released by the Cyprus Statistical Service. However, total sales of petroleum
Troubled national carrier Cyprus Airways is very close to finalising the framework that would allow foreign investors to take a strategic stake in the loss-making airline, while the European Commission ponders a
By Jameel Ahmad, Chief Market Analyst, FXTM The currency markets have been slightly quieter than usual this week. Although this could possibly be attributed towards the emerging geographical tensions in the Middle
* €750m 5-year issue a “success” * The government plans to proceed with a second bond issue, maybe as early as next autumn, after the relative success of the 5-year 750 mln
