The Cooperative Central Bank got the green light to list on the Cyprus Stock Exchange on Friday, after it’s a shareholders’ extraordinary general meeting approved the merger of the 18 cooperative credit
A meeting between Greek Cypriot negotiator Andreas Mavroyiannis and Turkish Cypriot negotiator Ozdil Nami on Tuesday was “good and substantial,” according to the Cyprus News Agency. The two men discussed the
Real estate sales rose by 43% in 2016 from the year-earlier figures, according to data from the Department of Lands and Surveys (DLS). Sale contracts submitted to the DLS reached 7,013
The government issued 13-week Treasury Bills on Tuesday amounting to EUR 100 mln with the average yield dropping to 0.02%, the lowest level ever, the Finance Ministry’s Public Debt Management Office (PDMO)
The Central Bank of Cyprus (CBC), acting as the Resolution Authority, has appointed Kleovoulos Alexandrou as the new special administrator of Cyprus Popular Bank (Laiki Bank), which has been put into resolution
Property sales continued to grow for the eleventh consecutive month in 2016, both from the domestic and especially for overseas buyers, particularly from Russia, Ukraine, China and the Middle East. Paphos
Pafilia Property Developers has launched a new residential project in Limassol: Park Residences. This is a collaboration with award-winning architects Armeftis & Associates to deliver another unique luxury property development. Consisting
* First ‘Juncker plan’ transaction for Cypriot businesses * The European Investment Fund (EIF) and RCB Bank have signed the first EFSI agreement in Cyprus which will provide EUR 10 mln to
The value of net wealth of Cypriot households dropped by 40% in 2014, the year following the collapse of the banking sector and a harsh bailout, recording the largest decrease in the
The employment rate increased slightly in the third quarter of the year, while unemployment stood at 13%, recording an increase compared to the second quarter of the year and an increase compared
