Bank of Cyprus, the island’s largest lender, has agreed to sell its UK subsidiary to British retail and property entrepreneurs for EUR 117 mln to help reinforce its Cypriot operation. The announcement
Car sales reached a decade-high as data on vehicle registrations shows that 21,642 saloons were registered during the first six months of the year. It is the highest number of registrations recorded
By Charlie Charalambous Are Cypriots innately bad drivers or simply a product of their environment – this is an age-old nature versus nurture argument. Over the generations have Cypriots inherited a specific
Finance Minister Harris Georgiades’ future remains in the balance despite parliament approving a legal framework to reduce the island’s debt mountain and push through state guarantees to enable Hellenic Bank to absorb
Greece’s Energean is seeking approval from Cyprus to build a pipeline from its Israeli offshore gas fields and import 0.5 to 1 billion cubic meters of gas a year to the island.
A mini-bank run on the Co-op seems to have subsided as MPs will vote on Sunday on state guarantees allowing the Hellenic deal to go through while also protecting home owners in
* Concerns over ambitious project’s lease laid to rest by official By Kyriacos Kiliaris Larnaca International may soon find that it will have nothing to envy from the world’s leading
* Confident that lost tax revenue will be replaced by growth The Employers and Industrialists’ Federation (OEV) is calling on the government to lower the corporation tax by two and
Cyprus is promoting three projects that were selected by the European Commission as projects of common interest (PCIs), because of their benefits to the European energy market, President Nicos Anastasiades said on
In March, economic sentiment in Cyprus deteriorated as the Economic Sentiment Indicator of the University of Cyprus (ESI-CypERC) decreased by 1.6 points compared with the previous month, due to a worsening of
