To cope with COVID-19, Nicosia has borrowed more than €3.5 bln this year from international markets through bond issues bought by the European Central Bank and the Central Bank of Cyprus through
The Residential Property Price Index (RPPI) for the first quarter showed signs of slowing down due to the stricter criteria imposed on the Cyprus Investment Programme and uncertainty created by the coronavirus
Cyprus’ investment funds sector continued its upward growth trend in the second quarter with the number of entities rising 5.4% to 199 from 189 in the previous quarter as total assets neared
Cyprus COVID-ravaged economy plunged an estimated 11.9% of annual GDP in the second quarter of 2020 as it tried to contain the pandemic. Based on seasonally and working day adjusted data, GDP
Social networking platforms owned by Facebook founder Mark Zuckerberg have access to about 6.98 billion users as of July, representing nearly half or 47.8% of the active users among the top 15
By Peter van der Borgh Over the past quarter-century, mining has changed dramatically, due to ever-changing technology, improved regulations, and better working conditions. The roots of modern mining in Cyprus, which was
The 6-year government retail bonds programme is expected to continue despite no longer carrying an attractive interest rate of almost 6% and having to depend solely on local investors. Despite being removed
Retail operator Ermes Group – the CSE-listed Ermes Department Stores, Cyprus Trading Corporation and Woolworth (Cyprus) Properties – have sold their two flagship stores in Nicosia and Limassol for €119 mln to
Bank of Cyprus agreeing to sell a portfolio of nonperforming loans with a gross book value of €916 mln to funds affiliated to global fixed-income investment manager PIMCO is a positive step,
Τhe Cyprus Chambers of Commerce and Industry (KEVE) on Tuesday expressed its discontent with government policy to publicly name businesses where employees contracted the coronavirus. In a statement, KEVE argued that announcing
