Cyprus ELA shoots to EUR 9.6 bln in July

The absence of a government deal with the troika is leading to a growing liquidity crisis for one or more Cypriot banks, judging from the latest Central Bank data. “Other claims on

Cyprus falls deeper into recession in Q2

**Fourth straight q/q decline** As expected, the Cyprus economy fell deeper into recession in the second quarter, with real GDP declining on a seasonally adjusted basis by 2.4% compared with the same

HB buys Louis House in Cyprus for 21 mln euros

Hellenic Bank has bought Louis House for 21 mln euros from Clin Company, a holding company controlled by Louis’ major shareholder and executive chairman Costakis Loizou. The property on Amfipoleos street in