DBRS Ratings Limited (DBRS) has confirmed the Republic of Cyprus’s long-term foreign and local currency issuer ratings at B and changed the trend to Positive from Stable. DBRS has also confirmed the
Moody’s rating agency changed the outlook on the Cyprus government bond rating to ‘positive’ from stable, earlier in November. The rating agency had affirmed Cyprus’ long term issuer and senior unsecured
Seasonally adjusted GDP rose by 0.7% and 2.8% in Cyprus in quarterly and annual basis, during the third quarter of 2016. Meanwhile, the Euroarea GDP rose by 0.3% and by 0.4% in
The investment-for-passports scheme has raised EUR 3.3 bln for state coffers in the past three years, according to Interior Minister Socrates Hasikos, with a further EUR 700 mln earned from residency permits
Recently reborn Cyprus Airways has received the first aircraft for its fleet, an Airbus A319 with the new company’s livery, as it waits for its air operator certificate (AOC) by the end
STEP Worldwide introduced a new “Worldwide Excellence Awards” scheme in order to award the top-scoring students on each STEP (Society of Trust & Estate Practitioners) exam. One of the top scoring
Economic sentiment edged up in November as the Economic Sentiment Indicator conducted by the Economics Research Centre of the University of Cyprus (ESI-CypERC) increased by 0.3 points compared to October because of
Cyprus is close to taping financing from the EUR 315 bln European Fund for Strategic Investments (EFSI), the so-called Juncker Plan, as projects are in the pipeline for evaluation, a senior European
Over the past few days, Lufthansa pilots went on strike, causing chaos and disruption in Germany and across Europe. According to the European Trade Union Institute, Germans go on strike relatively rarely
Hellenic Bank announced profits for the third quarter in a row, with earnings more than double from last year at EUR 5 mln, the level of non-performing loans reduced significantly and liquidity
