The headline figures for industrial output show a continued decline but this masks differences at the subsectoral level. The overall index of industrial production fell by 5.9% compared with the same period
Marfin Popular Bank recorded 71 mln euros in first-quarter net profitl, lifted by the disposal of its Australian unit. The second biggest lender in Cyprus said net profit adjusted for one-off capital
Cyprus plans to increase the maximum amount it can borrow under its current medium term euro-denominated note (EMTN) programme to 9 bln euros from 6 bln this year, its debt chief said
“Not enough to curb unemployment” — Hellenic Bank chairman Andreas Panayiotou told the annual shareholders meeting of the island’s third largest lender that the prospects for the Cyprus economy are somewhat positive,
The Supreme Court of Cyprus has overturned a fine on local fuel companies for uncompetitive pricing after ruling the composition of the regulatory watchdog that had imposed the penalty was invalid. The
The much-mocked hat worn by Princess Beatrice to Britain's royal wedding last month — widely described as looking like a toilet seat — sold for 81,100 pounds ($131,000) on eBay, charities which
Marfin Popular Bank, the second biggest lender in Cyprus, has issued 1 bln euros ($1.4 bln) in mortgage-backed covered bonds which have been listed and trading on the Irish Stock Exchange. The
Britain will review its military bases in Cyprus as it seeks to extract maximum value from a shrinking defence budget, Defence Secretary Liam Fox said in a statement to parliament on Tuesday.
By Shavasb Bohdjalian Cyprus has taken the lead in attracting Polish investment funds that are eager to take advantage of the recent change in Polish tax law, which allows EU Funds the
Two German airports halted flights on Wednesday as ash from an Icelandic volcano drifted across northern Europe, but traffic across much of the region started to return to normal. The weekend eruption
