European Commission Vice President Maroš ŠefÄoviÄ arrived in Cyprus on Monday as part of his Energy Union Tour and discussed recent natgas finds in the region, as well as the EU-Israel subsea
The government decided on Monday to go ahead and unbundle the heavily union-controlled Electricity Authority of Cyprus (EAC) by splitting it into two state-owned entities, but retracted previous plans for its privatisation.
The Public Debt Management Office of the Ministry of Finance raised €75 mln from a 2-year bond auction on Monday, with a yield of 1.83%. The Treasury Bills were oversubscribed almost
Cyprus’ foreign trade deficit was reduced by a provisional €353 mln in the January to November period compared to the same 11-month period in 2014, and remained at similar level with the
* Consumer confidence worse, household spending expected to drop * The business climate improved in December with the Economic Sentiment Indicator (ESI) generated by the Economics Research Centre of the University of
* Sales to foreigners up 13% in 2015, says Land Registry * December was the best month for property sales last year, with the Land Registry Office recording a total of 513
The Public Debt Management Office sold a total of EUR 120 mln in 13-week Treasury Bills at an auction on Monday. The issue was oversubscribed, while the average yield was substantively
Non-performing loans (NPLs) in Cypriot banks rose in October by EUR 101 mln, the Central Bank of Cyprus said, but cited data that suggest a gradual reduction of NPLs through restructurings.
The Index of Production in Construction has recorded a positive annual rate of growth for the first time in the seven years. According to the statistical service Cystat, the Index of
FBME Bank, the Cyprus arm of the Tanzania-based lender whose license was revoked by the Central Bank of Cyprus last week, on the grounds of alleged money laundering, has lashed out at
