Alex Efthyvoulou, a veteran foreign correspondent who worked throughout most of his career for the Associated Press, died on Monday. He was 97. After graduating from the English School in Nicosia and
The Industrial Production Index in Cyprus reached 112.5 units in October, an increase of 2.0% compared to the same month last year, while for the January-October period, the index rose 3.8% compared
Hermes Airports, the international consortium operating the two main airports of Cyprus, marked a historic milestone in mid-December to serve a record 12 mln passengers this year and is expected to accommodate
Total sales of petroleum products in Cyprus amounted to 113,640 tonnes in November, a decrease of 4.7% from the same month last year, and a drop of 16% from the pervious month.
The annual growth rate of a leading indicator used to predict the future direction of economic movements in Cyprus, continued to improve for the sixth consecutive month in November, as a result
Capital Intelligence has upgraded the Bank of Cyprus ratings on the back of improved earnings and strong liquidity, but warned that revenues continue to rely on interest from central bank placements. The
The ruling coalition partners and the main opposition Democratic Rally (DISY) approved the Christodoulides administration’s second budget, that foresees a 3.25% increase in expenses and 4.1% higher revenues. In all, 37 of
Thomas Kazakos, the Director General of the Cyprus Shipping Chamber for the past three decades, has been appointed to the prestigious position of Secretary General of the International Chamber of Shipping. Kazakos
Capital Intelligence Ratings has upgraded Hellenic Bank’s ratings, but revised the outlook from ‘positive’ to ‘stable’, based on a strong capitalisation, the ability to absorb future shocks and the synergies expected from
Moody’s has upgraded the Government of Cyprus long-term issuer and senior unsecured ratings by two notches from Baa2 to A3, returning to investment grade for the first time in 13 years. This
