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Business - Page 198

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SOCIETY: Cyprus has hard glass ceiling for women in senior management

When it comes to promoting women in senior management positions Cyprus has a poor record in the EU with only 11.2% in the boardroom,  although this figure is up 0.8 percentage points

6th March 2019
Business

CYPRUS: Exports to UK under threat from a ‘no-deal’ Brexit

The future of Cyprus exports to the UK remain uncertain, as contingency measures taken by EU in the event of a no deal Brexit, do not provide for any arrangement for both

6th March 2019
Business

CYPRUS: Central Bank sounds alarm over house prices due to passport scheme

The Central Bank of Cyprus (CBC) called for vigilance and close monitoring of rising house prices principally in Limassol that are being pushed skywards by the Invest Citizenship scheme. The residential property

6th March 2019
Business

CYPRUS: Registered unemployed falls by 4,450 YOY

Registered unemployed in Cyprus has fallen to below pre-crisis levels when the island needed a bailout to save its economy and dysfunctional banking system in 2013. Jobless figures for February are now

5th March 2019
Business

CYPRUS: Larnaca airport duty free shopping area undergoes facelift

Hermes Airports, the operator of Larnaca and Paphos Airports, said construction work for the redesign of shops and restaurants has begun inside the Retail Area of Larnaca Airport by CTC-ARI and Cyprus

5th March 2019
Business

CYPRUS: Property sales increased by 25% in February

February saw property sales go through the roof, as the second month of the year recorded an increase of 25% in sales documents being submitted with the Land Registry. While sales in

4th March 2019
Business

FINANCE: Bank of Cyprus posts EUR 104 mln post-tax loss

Bank of Cyprus on Monday announced a loss after tax of EUR 104 mln for 2018, noting it to be a significant improvement compared to the EUR 551.9 mln losses made in

4th March 2019
Business

ECONOMY: EBRD and Cyprus join forces to support local SMEs

The European Bank for Reconstruction and Development (EBRD), in collaboration with the Ministry of Energy, Commerce and Industry, is promoting a scheme to support small and medium-sized enterprises (SMEs) looking to increase

3rd March 2019
Business

ENERGY: Cyprus MPs vote for creating a national Hydrocarbon Fund

Cyprus’ Parliament has approved legislation creating a National Investment Fund to manage revenue from the exploitation of the country’s hydrocarbon resources. With a vote of 43 in favour and 7 against, the

1st March 2019
Business

MARKETS: Unexpected ending to Trump-Kim summit rattles investor confidence

By Lukman Otunugam Research Analyst at FXTM A negative vibe swept across financial markets Thursday morning after the US-North Korea summit ended abruptly and with no agreement reached. With US President Donald

28th February 2019
Business
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