The centre-right Democratic Party (Diko) may have elected a new leadership on Sunday, but the battle for control of the island’s third biggest party seems not to have abated. The party’s recently
PrimeTel successfully managed to secure the license for a 3rd Mobile Network in Cyprus and evolves from Mobile Virtual Network Operator (MVNO) to Mobile Network Operator (MNO). This development enables the creation
Finance Minister Harris Georgiades and Central Bank Governor Panicos Demetriades are expected to have a meeting with the Troika heads of mission in Cyprus, on Monday. CNA sources say that an updated
Cyprus President Nicos Anastasiades has urged the island’s political leadership, the media and civil society to work together to achieve a viable solution that will secure a modern, European state for all
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
