An additional fiscal effort of a permanent nature will be required to achieve a primary surplus of 4% of GDP by 2018, Delia Velculescu, IMF Mission Chief for Cyprus, told a conference
The Bank of Cyprus announced on Wednesday that it releases the twelve-month time deposits of about €927 mn, that were blocked as per the decrees relating to the recapitalisation of the Bank
The ministries of Finance and Interior have submitted a revised bill on foreclosures that is expected to be debated and passed by parliament in order to secure the sixth tranche of about
A drop of 3.0% was recorded during January-May in the Industrial Production Index, compared to the respective period in 2013, according to the Statistical Service Cystat. The Index of Industrial Production for
The Cyprus government and representatives of the Eni/KOGAS joint venture signed a memorandum of understanding (MoU) in Nicosia on Wednesday aimed at investigating areas of cooperation related to Cyprus potential gas resources
Recession in Cyprus is projected to continue next year as well, the Economics Research Centre of the University of Cyprus said in its July Economic Outlook, forecasting a contraction in GDP of
Bank of Cyprus announced Wednesday that it will reduce all debit interest base rates from August 4 by 0.25 percentage points, as follows: Base rates from 5.25% to 5.00%; Base rates for
The ink had hardly dried on a deal that will see Bank of Cyprus get a €1 bln capital increase, mainly from foreign investors, and the bank’s CEO announced that the island’s
European Young Citizens Initiative Fourteen youth-serving organizations and 250 young people from Italy, Bulgaria, Cyprus, Lithuania, Poland, Portugal and Romania, were involved in the YiA 1.3 “A European Young Citizens’ Initiative” project.
* Board agrees to 24c offer price * The Bank of Cyprus board decided after a marathon 12-hour meeting on Monday to offer 4.17 bln new shares in a private placement to
