Officials from the Troika of international lenders said that Cyprus was on track with its economic adjustment programme following a €10 bln bailout plan in 2013, and that no new fiscal measures
‘Cans For Kids’, a volunteer-based charity set up in 1990 to raise funds for hospitals from the sale of recycled cans, has so far collected more than 25 mln cans, according to
The European Union’s foreign policy chief said on Friday that the cost of not reaching a solution to the island’s 41-year division is far greater than that of a potential solution and
FBME said that the U.S. Treasury’s FinCEN ruling on Thursday to maintain it as a “primary money laundering concern” has failed to consider the evidence of forensic investigations and reports, and makes
* New CEO expected in 2 weeks * The sale of Russian subsidiary Uniastrum to a smaller bank for €7 mln will be credit positive for the Bank of Cyprus, according to
The NK Shacolas Group, the largest retail operator in Cyprus, has sold its two commercial properties in Nicosia to the Johannesburg-listed Atterbury Property Group for €194 mln. This continues Group founder Nicos
The Council of Europe’s anti-money laundering watchdog said that Cyprus banks seem to have made significant progress in banking checks and will report on its next assessment in September. Money laundering –
A Bloomberg survey of seven economists has indicated an improved GDP growth rate of 0.7% for the whole of the year, up from a contraction of 0.4% indicated in the previous forecast.
* Mogherini, Netanyahu, UAE ForMin to visit Cyprus * Cyprus Foreign Minister Ioannis Kasoulides has welcomed the agreement reached on Iran’s nuclear programme and noted the EU’s contribution towards the achievement of the
The defence budget of Cyprus was reduced by almost 8% between 2010 and 2015, according to the annual report of the Cyprus Centre for Strategic Studies. The report notes that for every
