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Six members of the Kyperounta Cooperative bank were each fined €5,000 by the Limassol District Court on Monday for sacking the board’s secretary last year and apologised for their actions having expressed

The island’s trade deficit narrowed by a quarter or about 1 bln euros in January-November, due mainly to a proportionate fall in imports linked to lack of consumer spending because of the

The centre-right Democratic Party (Diko) may have elected a new leadership on Sunday, but the battle for control of the island’s third biggest party seems not to have abated. The party’s recently

PrimeTel successfully managed to secure the license for a 3rd Mobile Network in Cyprus and evolves from Mobile Virtual Network Operator (MVNO) to Mobile Network Operator (MNO). This development enables the creation

Finance Minister Harris Georgiades and Central Bank Governor Panicos Demetriades are expected to have a meeting with the Troika heads of mission in Cyprus, on Monday. CNA sources say that an updated

Cyprus President Nicos Anastasiades has urged the island’s political leadership, the media and civil society to work together to achieve a viable solution that will secure a modern, European state for all

The government plans to lease some of the commercial activities of the state-owned Cyprus Port Authority, Communications and Works Tasos Mitsopoulos said, adding that partners will be sought to invest in this

Non-performing loans (NPLs) in commercial banks and cooperative credit institutions accelerated to €26.25 bln by end-November 2013, according to figures released by the Cyprus Central Bank. Compared with September 2013 NPLs marked

A chain of decisions related to the restructuring of the nationalised Co-operative Credit Institutions (Co-ops), as expected from a roadmap in accordance with an international bailout, will start to be implemented from