The economic climate improved in February with the Economic Sentiment Indicator increasing by 0.9 points compared with January, according to the latest business and consumer survey conducted by the Economics Research Centre
Finance Minister Haris Georgiades said on Friday that he hopes the controversial bills on foreclosures and insolvencies will be concluded “within March”, despite parliament delaying their implementation by a further two weeks
Hellenic Bank, the recently recapitalised lender majority controlled by foreign funds, announced an operating profit for 2014, before provisions, totalling €158 mln, up 22% from 2013, claiming a strong capital position and
Bank of Cyprus, the island’s biggest lender that was bailed out by foreign investors who pumped in about €1 bln last year, following a near €4 bln bail-in by depositors the year
Cyprus is Russia’s most credible ally within the EU, President Nicos Anastasiades said on Wednesday, during a meeting with Sergey Naryshkin, the Chairman of the State Duma, after which h signed a
* €270 mln in funds moved to BOC * The Central Bank of Cyprus and its appointed administrator have been told to back off from any attempt to sell FBME Bank to
* Expert says most politicians seek informed decisions * A senior lobbyist says that contrary to public and media misconceptions, good facts and arguments is what wins the debate at the end
Cyprus Trading Corporation Plc, the island’s premier retail company headed by the NK Shacolas empire, announced unprecedented profits of €41.7 mln for last year, boosted by the sale of its airport catering
* Interest in Cyprus property revived * A handful of prospective buyers are believed to have shown keen interest to invest in the Venus Rock project, the biggest integrated beachfront resort already
The deadlock in the bailout funding caused by the refusal of parliament to approve a package of measures on foreclosures could end soon, with the Cabinet expected to review the final piece
