Uncertainty over the controversial foreclosures law and the insolvency framework is discouraging foreign direct investors who intended to pump money into projects in Cyprus, investor groups told the House Trade Committee on
Per capita income in purchasing power parities (PPP) was € 23,600 in 2013, the Ministry of Finance said in an announcement. According to Eurostat’s revised data for National Accounts, GDP per capita
The government accepted bids worth 125 mln euros for its 13-week Treasury Bills during an auction on Tuesday, with an average yield of 2.96%. The Public Debt Management Office at the Ministry
New data released on Wednesday to mark World Cancer Day 2015 projects that an $18 bln increase in funding per year by the international community could see a 30% drop in cancer
Hellenic Bank, the recently recapitalised lender that boasts Daniel Loeb’s Third Point Hellenic Recovery Fund and online game developers Wargaming.net among its major shareholders, has decided to proceed with a 50:1 reverse
An out-of-court settlement for the nearly €600 mln worth of Laiki capital securities held by about 60,000 bondholders seems a highly unlikely outcome, even after members of the the Association of Capital
Companies from Russia, Luxembourg and Greece are showing interest in specialised investment tools and funds, such as the Undertakings for Collective Investment in Transferable Securities (UCITS), Cyprus Securities and Exchange Commission Chairman
Just a month after its opening, Caffe Nero in Engomi Nicosia is taking its customer by a pleasant surprise by placing painting, ‘The Birth of Venus’ by famous Cypriot artist Ioannis Kissonergis,
Transavia is the first airline to offer direct flights between Larnaca and Amsterdam and does so twice a week. The airline also flies this route in combination with a stop in Paphos
The Cyprus problem is a key litmus test for Greek-Turkish relations, Prime Minister Alexis Tsipras said in Nicosia on Monday on his first state just eight days after his sweeping election victory.
