Energy Minister Yiorgos Lakkotrypis has reinforced the importance of training offshore personnel to one internationally recognised standard to ensure the country’s oil and gas workforce are safe and competent as it moves
The Cyprus Securities and Exchange Commission (CySEC) expects to have the first conclusions after examining the data provided by entities under its supervision in relation to the leaked Panama Papers. CySEC
Almost ten years after it was put out to tender, the Paphos marina build-finance-operate-transfer (BFOT) license has been awarded to “Poseidon Grand Marina”, a consortium majority controlled by Aristo Developers. This
The trade deficit in March reached EUR 264.9 mln in March, according to preliminary results from the Statistical Service Cystat. Thus, the first quarter cumulative deficit is at EUR 730.6 mln, considering
The Bank of Cyprus said it will post a net profit of around EUR 50 mln in the first quarter, building on “strong momentum” in its loan restructuring activities. The bank
Revenues from the shipmanagement sector dropped marginally in the second half of 2015 to €462 mln, down €2 mln or 0.43% from the first half, according to the Central Bank of Cyprus
Fitch Ratings has affirmed the Bank of Cyprus covered bonds at ‘BB+’ assigning a ‘stable’ outlook, following the upgrade of the bank’s Issuer Default Rating (IDR) to ‘B-’ from ‘CCC’ a few
For the government of Cyprus the relations with Russia “were and remain of strategic importance”, Finance Minister Harris Georgiades said in his address to the business forum on “Russia and Cyprus: Lessons
Deposits in the Cyprus banking system dropped by €95.5 mln in March to €45.7 bln, according to Central Bank of Cyprus data. In February, deposits increased by €78.4 mln, while on
Cyprus issued 13-week Treasury bills amounting to €100 mln with the average yield rising to 0.84%, compared to 0.58% in the February 29 auction, according to the Public Debt Management Office of
