The government is addressing the capital deficit of the banking system with the due attention and has prepared a comprehensive plan to effectively tackle the challenges in the banking sector, the Ministry
The government is expected to announce Saturday the new Central Bank Governor, after the President’s decision to replace incumbent Governor Athanasios Orphanides. According to reliable sources, President Demetris Christofias, who met Friday
Barclays beat forecasts with a 22 percent rise in first-quarter profit, as a strong rebound in revenue from its investment banking arm and a drop in bad debt countered increased compensation for
Samsung Electronics posted a record $5.2 billion quarterly profit as it shifted over 20,000 Galaxy smartphones an hour in January-March, outselling Apple's iPhone in a duel for the lucrative high end of
Fast-food chain KFC has been ordered to pay A$8 million ($8.3 million) in damages to the family of an Australian girl who was left severely brain damaged and in a wheelchair after
Cyprus Government has described as “illegal” the drilling for hydrocarbons in the Turkish occupied area of Famagusta, noting that this action demonstrates Ankara’s and Turkish Cypriot leadership’s lack of will for a
A total of 69.612 patients were admitted for treatment and discharged from the general hospitals during 2009, recording an increase of 4,8% over the previous year, according to the annual report “Health
Minister of Finance Vassos Shiarly has expressed the government's determination to reduce the fiscal deficit to 2.5% this year. In statements to the press Thursday, the Minister said that any additional financial
The European Commission has issued a reasoned opinion requesting from Cyprus, Belgium, Spain, France, Poland and Portugal to conform with the latest Directive on e-money. The Directive aims at facilitating market entry,
Saxo Bank, the specialist in online trading and investing, today announces the opening of its new office in Cyprus which will provide Cypriot investors with access to international financial markets. Vitali Boutbaev
