Motorists have seen no benefit after Cyprus MPs voted for a decrease in consumer tax on petrol in December, as pump prices are nearly back to the same levels. After international oil
Cypriot businesses are adequately prepared for Brexit, even a no-deal Brexit, according to Director General of the Employers and Industrialists Federation (OEB) Michalis Antoniou. In statements to CNA about Brexit, Antoniou said
The European Central Bank has called on European banks with high NPEs to submit documents describing their strategy to bring down their non-performing loans. According to the ECB, each bank is entitled
Over recent months the British High Commission has supported a series of Innovation Workshops delivered by the Northern Ireland Cooperation Overseas (NICO) in Famagusta, Kyrenia and Nicosia. The workshops gave innovators and
Cyprus and Portugal have underlined their wish to further enhance their cooperation in the sector of maritime transport during an official visit of Shipping Minister Natasa Pilides to Lisbon this week. Pilides
Fitch Ratings has upgraded Hellenic Bank (HB) Long-Term Issuer Default Rating (IDR) to B+ from `B` and Viability Rating (VR) to b+ from b. The Outlook on the Long-Term IDR is Stable.
Education experts from Cyprus and the UK have discussed collaboration of the higher education and research sectors post-Brexit. This issue dominated the first Higher Education and Research Forum organised by the British
Cypriot firm EuroAsia Interconnector urges Greece to cooperate in an EU-funded project so the power grids of Cyprus-Crete and mainland Greece can be connected as scheduled by end 2020. A similar appeal
Cyprus registered the EU’s highest decline in consumer credit and mortgage lending in January, contracting 27.4% and 21.9%, respectively, DBRS said in its latest edition of the Macroeconomic Update for Europe. Consumer
Cyprus President Nicos Anastasiades pledged his government will comply with EU fiscal rules to maintain prudent financial management and promote structural reforms that put the Cypriot economy on a sustainable growth path.
