Hellenic Bank, taking the mantle of leading retail and SME bank in Cyprus, whilst de-risking its balance sheet and business model, posted record post-tax profits of EUR 320 mln for 2018, driven
Cyprus raised €1.25 bln from a double-bond issue that was hugely oversubscribed as Nicosia tapped European markets to pay-off a 2011 Russian loan early. Nicosia marketed a five-year and its first ever
Across Europe girls and women were largely in a minority, accounting for only 17% of all ICT students but this figure was much higher in Cyprus at 26%. When it came to
By Hussein Sayed, Chief Market Strategist at FXTM The last time we celebrated a record high on U.S. equities was seven months ago. Back then the celebration did not last
Economic sentiment in Cyprus improved in April 2019 as the University of Cyprus Economic Sentiment Indicator increased by 2.4 points compared to March. “The increase was driven by stronger business confidence in
Cyprus’ trade deficit in January 2019 declined to €277.6 mln, marking a reduction of 33% compared to €416.4 mln the year before. The reduction is mainly due to rising exports, associated with
Alexandria’s governor Abdel Aziz Konsowa told Cypriot House speaker Demetris Syllouris that he is negotiating with budget airlines aiming to connect the Egyptian port city with Cyprus via flights costing €60. “We
Cyprus has mandated major investment banks to manage a double bond issue comprising a 5-year and a 30-year euro denominated bonds to pay off a €2.5 bln Russian loan. Finance Minister Harris
Cyprus had the highest deficit ratio in the EU last year at 4.8% of GDP and fourth widest government debt ratio at 102.5% of GDP. Cyprus’ debt is estimated at €21.258 bln
Rents in Cyprus are continuing their upward trend, spiking by 40% on average in Limassol and 33% in Nicosia compared to last year, according to the Labour Ministry. Zeta Emilianidou, the Labour
