* 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 debt and was on track to list its new shares on the London Stock Exchange on January 19. Finance Minister Harris Georgiades promptly

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 decrease of 1,088 unemployed persons), manufacturing (-575), trade (-426), public administration (-425), transportation (-356) and newcomers in the labour market (-238). Based on

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 January and December, the HICP dropped 1.2% from a year earlier.   The HICP for December, compared to November, increased by 0.3%. Compared

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 of passengers processed through both airports and a further boost to Cyprus’ connectivity, with the entrance of new airlines and the introduction of

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, up 20% from 2015, and reduced the ratio of non-performing loans to 47%.   The CCB’s CEO, Nicolas Hadjiyiannis, said in a memo

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 Cyprus in a deal that involved a EUR 40 mln capital increase.   The Greek parent Piraeus Bank did not partake in the

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 institutions (CCIs) into a single legal entity.   The bank, 99.5%-ownd by the government after a EUR 1.7 bln bailout in 2014 and

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 chapters of territory, property and the EU, and also prepared the meeting which will take place on Wednesday between President Nicos Anastasiades and

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 in 2016 compared with 4,952 in 2015. The data exclude sales to foreigners to be released at a later stage. December sale contracts

The government issued 13-week Treasury Bills on Tuesday amounting to EUR 100 mln with the average yield dropping to 0.02%, the lowest level ever, the Finance Ministry’s Public Debt Management Office (PDMO) said in a statement.   The issuance was oversubscribed by four times, as total offers reached EUR 400 mln. According to the PDMO,