It’s been a busy week for the Bank of Cyprus, the island’s main lender bailed out by depositors and foreign investors in 2014, that has lowered its debt, disposed of its last
Hellenic Bank Group posted net profit of EUR 13 mln for 2015, marking a turnaround from a loss of EUR 118.6 mln in 2014. Releasing its final audited results for
Greece is the main trading partner for Cyprus with 11% of trade volume, followed by Ireland (10%) and the UK (7%), according to statistical data released by Eurostat. In general for
Unemployment dropped to 15% in 2015, compared to 16.1% a year earlier, according to the Statistical Service. Based on the results of the Labour Force Survey, average unemployment reached 63,736 people,
The changes to sanctions on Iran and what they mean for the business community were analysed during a dinner organised in Nicosia by the Cyprus Chamber of Commerce and Industry and the
Cyprus exited from its three-year bailout rescue programme at midnight on Thursday, March 31, but it will still have to repay the principal on ESM loans from 2025 to 2031. Cyprus
Revenue from tourism has increases for the seventh consecutive month in January, according to the latest figures released by the Statistical Service. On the basis of the results of the Passenger Survey,
Cyprus-based carrier Cobalt has signed agreements for three Airbus A320 aircraft, the first of which will arrive within a few days, in time for the airline’s launch to European and Middle Eastern
The hijacker of an EgyptAir Airbus A320, who surrendered to Cyprus authorities after a 7-hour ordeal on Tuesday, could face a life sentence, court reports said in Larnaca where the 59 year
The Ministry of Energy, Commerce, Industry and Tourism announced the call for tender for the development and operation of the Science and Technology Park at Pentakomo, near Limassol. The tender, the third
