The dependence of the bailed-in Bank of Cyprus (BOCY) on the Emergency Liquidity Assistance (ELA) recorded a further decrease to 8.68 bln euros in July from 8.78 bln the previous month, continuing
The fiscal deficit was reduced by €198 mln in the second quarter of the year compared with the same period of 2013, mainly as a result of a significant decrease in civil
Cyprus ranks among the three countries in Europe that saw the rate of self-employed people rise by at least 12% between the first quarters of 2013 and 2014. According to a report
More than 20,000 applications have been received so far for the guaranteed minimum income (GMI) benefit to needy and low-income families, Labour Minister Zeta Emilianidou told the Cyprus News Agency, adding that
Israel’s Delek Group announced that its gas subsidiaries have accepted a request from the Cyprus state gas distributor DEFA to postpone the period of validity of the proposal and acceptance in its
Demand for electricity supply this July was approximately at the same levels as last year, the Director of the Transmission System Operator (TSO) Dr. Christos Christodoulides told the Cyprus News Agency, adding
* MPs drag their feet – DIKO may have change of heart with foreclosures bill * A delay in passing the controversial foreclosures bill in parliament could delay or even cancel payment
Russia’s embrago on EU food products is expected to have both a direct and an indirect impact on the economy, Nelly Koulia, the Trade Service Director said on Tuesday, following a technical
A Cypriot expatriate with business interests in the U.S. was the sole bidder for the Limassol Old Port facilities, clinching the ten-year tender for an annual lease of 2.6 mln euros, 300,000
FBME Card Services (FBMECS) announced the redundancy of 70 of its 105 employees on Monday following the suspension of the company’s business since last Thursday. The company said staff “will receive their
