The “City of Dreams Mediterranean” integrated casino resort, licensed to Asian investors, will be operational by 2021, earning EUR 700 mln a year for the Cypriot economy, the project’s operator Joint Venture
Non-performing loans, the scourge of the island’s banking system with troubled mortgages accounting form just under half of all loans, fell EUR 944 mln or 4.2% in aggregate in the third quarter
The euro area (EA19) seasonally-adjusted unemployment rate was 8.7% in November, down from 8.8% in October and from 9.8% in November 2016, the lowest rate recorded in the euro area since January
Moody’s rating agency said Hellenic Bank’s recent sale of a non-performing loan (NPL) portfolio was positive, noting the deal paves the way for additional problem loan sales both by the bank as
The Gallery, a new high-rise developed by the Askanis Group of Companies on the Limassol seafront, is expected to have its first roof-top restaurant when the building is completed in 2021. News
Leptos Estates recently opened a new sales and marketing office in Limassol, to further capitalise on the success of the Limassol Del Mar and pave the way to their new developments in the town. The
Eden Seniors Resort, a project developed by the Cypriot-Lebanese joint venture Eveningfall Investments Ltd., is set to open its doors to its first pensioner tenants in February, according to a company announcement.
* Mostly unserviced corporate loans; Unsecured portfolio reduced by 6.2pps * Hellenic Bank announced that it has sold a fair chunk of its non-performing loans to a Norwegian-owned recovery company, reducing
Reuniting Cyprus and economic recovery were the main messages presidential hopefuls sent out last week, as they submitted their candidacies for the January 28 elections, the Cyprus News Agency reported. In all,
The CFA Society of Cyprus welcomed its eleven new charterholders at a special ceremony in Nicosia, in the presence of Transport, Communications and Works Minister Marios Demetriades. The eleven new charterholders acquired
