Restructured loans in the Cypriot banking system reached €12 bln in April or 27% of all loans in the island’s system, according to figures released by the Association of Cyprus Banks (ACB). According to an article co-written by Michael Kammas, the ACB’s Director General and senior officer Michalis Kronides, total loans in April amounted to

The monthly economic sentiment indicator continued to rise last month to 101.3 points, but at a slower pace than the 2.3-point increase seen in May. The ESI for June rose for the 14th consecutive month and by 0.6 points month-on-month, due mainly to a rise in consumer confidence and a marginal improvement in the construction

The sea has always been attractive to most people, for various reasons – inspiring, charming, fascinating, beautiful, serene are but a few adjectives one can associate with the waters that cover most of our planet. What is even more exciting is what the deep blue sea and its seabed has in store for us –

Cyprus Economic Adjustment Programme remains on track and fiscal targets for the first quarter of 2014 were met with a considerable margin, reflecting better than projected revenue performance and prudent budget execution, the country`s fourth review indicates. Staff teams from the European Commission (EC), European Central Bank (ECB), and the International Monetary Fund (IMF) visited

President of the House of Representatives Yiannakis Omirou is currently in Slovakia for an official visit at the invitation of Speaker of the National Council of the country Pavol Paška. Omirou will be meeting with Paška at 9.30 in the morning and then the two men will give a briefing to journalists. Next, Cyprus House

 * Bank needs €1bln in fresh capital – investors offer €1.9 bln * Bank of Cyprus board members are faced with a dilemma – do they drag their feet and insist on finding their own investors to recapitalise the bank (a process that could take ages) or do they consider offers already on the table

Students who excelled in the MBA Program of the University of Cyprus for the academic year 2013-2014 were honored at a ceremony held on June 26, at the Events Hall of the University of Cyprus. Awards were given to the most distinguished first-year and second-year students of the Full-Time MBA Program, the Part-Time English speaking

A report commissioned by the international accountants body ACCA paints a rather glum picture of the SME sector in Cyprus, showing how rapidly small businesses are shutting down due mainly to the lack of funding as less than half succeeded in getting an overdraft facility recently. But the conclusions are somewhat optimistic, if only the