The monthly Economic Sentiment Indicator (ESI) remained unchanged at 104.2 points in June, due to a marginal drop in consumer confidence and an equal improvement in business confidence in the retail, construction
Porter companies at Limassol port will get €28 mln in compensation for their licenses, equalling a cool €1 mln for each of the 28 porters, but lifting the final hurdle in tendering
A deterioration of the economy in Greece and a potential Greek exit (Grexit) from the eurozone, could have a negative impact on Cyprus banks, despite the fact that the island’s lenders have
Two hundred runners took to the mountains on June 14 for Dro.Me.A. Racing’s «6th annual Garmin Troodos 15-km Green Race», making it an event to remember. The race, which is amongst the
The Ministry of Finance sold 6-year government bonds worth €31 mln in its monthly offer this week, the second highest in the programme that started last year, suggesting that investors were unaffected
Marios Clerides, a soft-spoken and well-respected economist, resigned as chief executive of the Cooperative Central Bank, less than half-way through his five-year contract. It has been reported that he resigned for “personal
The trade deficit widened further in the first quarter of the year, after two consecutive months of relative stability in imports and increase in exports, according to the statistical service Cystat. Total
Stavros Pantzaris (left) is taking over as the Country Managing Partner of EY Cyprus as from July 1, succeeding Andreas Demetriou who is retiring after a professional career of over three decades.
More than 70 firms have so far expressed an interest to bid for one or all three concessions of the privatisation of services at Limassol port, the island’s main port of call
President Nicos Anastasiades inaugurated a public escalator in the scenic village of Kalopanayiotis on Sunday, praising the community for effectively tapping into EU structural and rural funds. “We continue to face major
