The European Union is making strides in renewable energy generation with the share of energy from renewable sources in gross final consumption hitting 17% in 2016, double the share in 2004 (8.5%). The EU
The external trade deficit for January – October 2017 reached EUR 3.8 bln, an increase of 18% compared with the respective period of 2016. According to the Statistical Service Cystat, total imports
Bank of Cyprus Holdings and Bank of Cyprus Public Company announced the appointments of Pola Hadjisoteriou and Maria Philippou to its boards, subject to approval by the European Central Bank. Once approved
Just weeks into the project’s first official announcement, Cybarco has started construction work at the site of Trilogy Limassol Seafront. The company’s latest landmark development is in its pre-launch phase and has
Members of the public and leaders of the island’s shipping industry got together for the first time in an open event to discuss the sector’s future and its impact on society and
Cyprus hosted the first trilateral summit with Jordan and Greece on Tuesday where the leaders of the three countries pledged to boost efforts to help resolve refugee problems and descale regional, while
The coverage ratio of non-performing loans (NPLs) in the Cypriot banking system remains steadily above the EU average, according to figures for the third quarter of 2017 published by the European Banking
The Co-operative Cyprus Bank has signed its third borrowing facility with the European Investment Bank which will provide EUR 25 mln in low-interest loans to support small and medium-sized enterprises (SMEs). Co-op
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
