Interest rates on loans to households recorded a general decrease in May, according to data from the Central Bank of Cyprus for deposits and loans. The figures show that the interest rate
Contraction in the economy will be at 4% of GDP this year, according to the Finance Ministry macroeconomic indicators for May. This is an improvement over the 4.2% revised prediction by the
* Cyprus has 102 managed funds with €3 bln, Malta has €9.4 bln and Ireland €2.5 trln * Fund managers in Cyprus are urging the state to consider issuing Islamic bonds (Sukuk)
The European Commission has awarded €1 billion funding to 19 projects to fight climate change under the second call of the so-called NER 300 funding programme. The funding for the projects comes
The number of applications filed for registrations of new companies rose for the sixth consecutive month in June, on an annual basis, figures released by the Department of Registrar of Companies and
Discussions between the Cyprus National Hydrocarbons Company (CNHC) and the Leviathan partners Noble and Energy and Avner have reached a very good point, CNHC said on Tuesday. Natural gas discoveries so far
Zambartas Wineries is proud to see their wines gaining international recognition, as the highly esteemed Decanter World Wine Awards (DWWA) has just judged four of its wines to be among the top
President Nicos Anastasiades has said that his administration would launch an attack on bureaucracy. “The encouragement of business activities in specialized markets in the services sectors is of paramount importance for our
The Board of Directors of the European Stability Mechanism (ESM) approved Monday the disbursement of €600 million to Cyprus. This follows the positive assessment of the fourth quarterly review of Cyprus’s macroeconomic
Relations between the Greek and Cypriot government are more than excellent, with both sides cooperating on a daily basis, President of Cyprus Nicos Anastasiades underlined on Monday. Speaking at the Presidential Palace,
