Cyprus business sentiment improves in July

The Cyprus Business climate index in July 2009 improved by 3.2 units month-on-month to 66.5 units, according to the Business and Consumer Survey conducted by the Economic Research Centre of the University

Options sells property at a gain

Options Cassoulides Plc (OPT) announced that its subsidiary I.G Cassoulides & Son Ltd reached an agreement with Messrs. Anastasios Elias and Georgios Andreou (who already hold 50% of Marelia Development Ltd) for

European data spurs economic revival hopes

Europe produced a raft of survey reports on Friday that suggested the worst of the recession may have passed by mid-year and that industrial output is starting to stabilise, albeit on government

Cyprus wants to squeeze loan sharks

Cyprus plans to legislate against usury after an apparent spike in cases of people struggling with costly debt from loan sharks profiteering during the financial downturn. Although there is no hard data,

Cyprus Employers worry about state of economy

The Chairman of the Cyprus Employers and Industrialists Federation (OEV) Andreas Pittas expressed the Federation’s concern regarding the course of the local economy, saying that according to the International Monetary Fund, Cyprus’