The impact of the 2013 financial crisis on Cyprus companies, as well as on the economy in general, has been marked by a rapid fall in the rate of bounced cheques and
* Anastasiades-Georgiades announce exit from MoU; Only €7.25 bln of 10 bln used; exclusion from ECB QE ‘is not news’ President Nicos Anastasiades and Finance Minister Harris Georgiades announced on Monday that
Seasonally-djusted GDP rose by 0.4% in the last quarter of 2015 in Cyprus compared to the previous quarter and by 2.7% compared to the same quarter of 2014, according to data released
Bureaucratic delays at the highest level in government continue to hamper potential foreign investments, with international companies based in Cyprus troubled by the endless red tape for permits, according to a survey
Given prevailing economic conditions and the turbulence in the Cyprus banking system, there were few property transactions in the fourth quarter of 2015, although volume was higher on a year on year
The Economic Sentiment Indicator (ESI) for February compiled by the University of Cyprus Economics Research Centre (ERC) dropped marginally due to reduced confidence among consumers. The ESI declined by 0.5 units
The Public Debt Management Office of the Ministry of Finance sold retail bonds worth EUR 14.1 mln through 85 offers that had been submitted for the March series. The PDMO said
The Public Debt Management Office announced that during Monday’s 13-week Treasury Bills Auction, tenders for a total amount of EUR 117 mln were submitted, out of which 100 mln were accepted with
Tourism revenue rose by 4.4% year-on-year in 2015, according to the Statistical Service, with total earnings estimated at EUR 2.11 bln, compared to EUR 2.02 bln in 2014. On the basis of
Hellenic Bank closed 2015 with a bigger, healthier balance sheet and a reducing trend in non-performing loans, it announced on Friday. Despite the difficult and challenging economic environment and the increased
