S&P Global Ratings raised its long-term issuer credit rating on Bank of Cyprus Public Co. Ltd. (BOC) to ‘BB’ from ‘BB-‘ and affirmed the ‘B’ short-term rating, citing “significant progress toward rebalancing
Cyprus Airways launched its summer 2024 flight schedule, increasing it’s seat capacity by 40%, with two new aircraft expected early in the new year and a handful of new destinations. The airline
Construction of the €1.9 bln section of an electricity cable that will connect the power grids of Greece and Cyprus is slated to begin in the new year, according to news reports,
APOEL Nicosia, the historic football powerhouse in Cyprus, is up for sale, with the club’s owners hiring an international agency to seek a wealthy buyer to dig them out of a financial
Low-cost carrier Wizz Air has reached a milestone of 7 million passengers travelling to and from Larnaca airport since the airline started its operation in Cyprus. To celebrate this milestone, LSE-listed Wizz
Sony’s debut of its latest gaming console, the PlayStation 5, marked a transformative chapter in the gaming landscape, primarily propelled by the groundbreaking features it introduced. Despite encountering initial challenges related to
The Attorney General’s office is set to challenge a second court decision granting compensation to clients of the former Laiki Bank for the 2013 deposit haircut, following a Limassol court’s ruling in
With the issue of the first ‘green bond’ which will be listed in the Cyprus Stock Exchange by Scandinavian Solar Parks, new opportunities emerge for retail and institutional investors to diversify in
Finyard, an innovative software solutions provider, that helps global brands within the FinTech space offer their clients cutting-edge applications, has opened its doors in Cyprus. The brand radiates simplicity and innovation, perfectly
Fitch has upgraded Hellenic Bank’s long-term issuer default rating (IDR) by two notches to ‘BB+’ from ‘BB-‘, and viability rating (VR) to ‘bb+’ from ‘bb-‘, while maintaining the outlook at ‘stable’. Fitch
