The government plans to lease some of the commercial activities of the state-owned Cyprus Port Authority, Communications and Works Tasos Mitsopoulos said, adding that partners will be sought to invest in this
Non-performing loans (NPLs) in commercial banks and cooperative credit institutions accelerated to €26.25 bln by end-November 2013, according to figures released by the Cyprus Central Bank. Compared with September 2013 NPLs marked
A chain of decisions related to the restructuring of the nationalised Co-operative Credit Institutions (Co-ops), as expected from a roadmap in accordance with an international bailout, will start to be implemented from
The Central Bank of Cyprus has issued its second warning in two months over risks related to virtual currencies, saying that the Bitcoin is not legal tender. “The CBC does not authorise
Cyprus Energy, Trade and Tourism Minister Georgos Lakkotrypis met with his Egyptian counterpart in Nicosia on Friday with whom he discussed cooperation in the oil and gas sectors, assistance on energy infrastructure
The need to combat bureaucracy, simplify procedures and update the structures and practices in Cyprus are confirmed through the results of the World Bank’s “Doing Business Report 2014”, which was presented during
Despite the setbacks of the decisions of Eurogroup international shipping companies continue to support the Cypriot economy contributing around 7% of GDP, said Director General of the Cyprus Shipping Chamber, Thomas Kazakos.
The dependence of Cypriot banks on the Emergency Liquidity Assistance (ELA) in December 2013 recorded a further decrease by €224 million, with the amount dropping to €9.55 billion in the last month
Transparency International Cyprus has welcomed the European Commission’s first EU Anti-Corruption Report, an in-depth assessment of all 28 member states’ strengths and weaknesses in curbing corruption. The report also includes an 8-page
The Association of Cyprus Banks discussed with Troika technocrats its concerns over the new classification of non – performing loans and the impact this may have on the financial results of banks.
