During a charity dinner in aid of the Independent Social Support Body and in the presence of President Anastasiades, officials and guests, First Lady Andri Anastasiades awarded the CEO of RCB Bank
Once the hype from the launch of the island’s newest low-cost carrier had died down, some of the teething problems started to surface at Cobalt, forcing a management change within a month
* ‘Tonnage Tax’ system seems to be paying off * Following years of fluctuations in the size of the Cyprus-registered or Cyprus-owned maritime fleet, due to a major facelift and infrastructure change,
* But 4% of world shipping fleet controlled from Cyprus * The Cyprus Registry currently ranks as the tenth largest merchant fleet worldwide and the third largest fleet in the European Union
* ELA reduced to €1.5 bln as Irish Holding set up * Bank of Cyprus announced EUR 56 mln in first half profits, saying in a statement that the “positive momentum continued
Hellenic Bank announced that it had a “marginally profitable” first half of 2016, realising a profit of €1.1 mln, approving €152 mln in new and with further restructurings of €334 mln.
Former Central Bank Governor Athanasios Orphanides is back in town, giving testimony in parliament over the banking crisis, saying that the Christofias administration could have averted the haircut on deposits and that
Economic sentiment in Cyprus improved in August as the Economic Sentiment Indicator (ESI) of the University of Cyprus Economics Research Centre increased by 5.1 points to 115 points compared to July’s 109.9,
Industrial production was up in June, as well as in the first half of the year, according to the Statistical Service Cystat. The Index of Industrial Production for June reached 89.3 units,
* Stages 1 and 2 to cost EUR 3.5 bln, fully funded by EuroAsia Interconnector * The biggest investment in Cyprus is finally taking shape as the final and comprehensive investment dossier
