The near-term outlook for Cyprus remains grim as a result of last year’s near-meltdown of the financial sector and an aggressive austerity programme, but GDP is expected to contract by 4.3% this
Bank of Cyprus, the island’s former finance giant that has been brought to its knees by a painful bailout plan following years of bad management, edged closer to returning to normalcy when
Drugs abuse killed 154 people in Cyprus between 2004 and 2014, Justice and Public Order Minister Ionas Nicolaou said in a message on the occasion of the International Day Against Drugs. The
Total sales of petroleum products for the first five months of the year declined 5.8% year on year, according to figures released by the Cyprus Statistical Service. However, total sales of petroleum
Troubled national carrier Cyprus Airways is very close to finalising the framework that would allow foreign investors to take a strategic stake in the loss-making airline, while the European Commission ponders a
* €750m 5-year issue a “success” * The government plans to proceed with a second bond issue, maybe as early as next autumn, after the relative success of the 5-year 750 mln
The 6-year Cyprus retail bonds, part of a plan to raise 100 mln euros locally, did not attract much interest for July as total bids received by the CSE reached 4.3 mln
* Board to discuss HSBC restructuring plan * Bank of Cyprus may seek an injection of up to €1 bln in fresh capital to cover the €944 mln outflow in customer deposits
The Central Bank of Cyprus has once again revised down its projections for the economy’s contraction this year to 4.0%, slightly milder from the 4.2% estimated by the Troika of international lenders
Greeks around the world went into a frenzy on Wednesday night when striker Giorgos Samaras scored a last-minute penalty and hurled the national team into the final 16 of the World Cup
