Bank of Cyprus said a deterioration in its loan book in the third quarter and the cost of staff redundancies has pushed the Core Tier 1 liquidity ratio down 3 bips from
* Block 12 may have 1.49bln barrels of crude * Noble Energy expects the first natural gas to be produced from its Block 12 concession in the first half of 2019, despite
The Board of Directors of the European Stability Mechanism (ESM) approved Wednesday the disbursement of €100 million to Cyprus. This follows the approval of the updated Memorandum of Understanding (MoU) by the
Central Bank of Cyprus announced Monday that credit institutions are obliged to inform and explain adequately to borrowers experiencing financial difficulties, their rights and obligations during the procedure of management of delays
Cyprus and Greece are the only countries in the Eurozone, which recorded a negative inflation in November. According to figures published Tuesday by Eurostat, the statistical office of the European Union, inflation
The government of Cyprus is preparing a bill on cohabitation, Government Spokesman Christos Stylianides has said. The Spokesman was speaking Monday at an event during which Cypriot Alecos Modinos, a gay rights
By spring 2014 will we will know whether there are oil reserves in block 12, Cyprus Minister of Energy, Commerce, Industry and Tourism Giorgos Lakkotrypis said in Brussels. "The estimates on natural
Cyprus is a global maritime power, President Nicos Anastasiades has underlined, while noting the shipping industry’s potential contribution to the national economy. Addressing an event on Monday evening to mark the 50th
Fitch Ratings expects downward pressure on covered bond ratings to ease in 2014 due to the stabilisation of sovereign rating outlooks. However, it said that most covered bond ratings in Cyprus, Greece,
The trade deficit in Cyprus sawa big decrease in the first nine months of 2013, down by 900 mln euros in relation to the corresponding period of 2012, according to the data released
