The Co-operative Central Bank (CCB), bailed out by the state to the tune of EUR 1.5 bln, and recapitalised by a further 175 mln last year, reported a net profit of EUR
* High stock of NPLs starting to reduce Central Bank Governor Chrystalla Georgadji has said she is optimistic about the course of both the economy and the banking system, as the island
The two main consortia that have won the three tenders for the commercialisation of Limassol port will pay a license fee of EUR 10 mln, and an additional 9.1 mln in annual
* Pilakoutas Group enjoys lead position with Nissan and BMW brands The recently reported 20% rise in new saloon car sales is evidence that the tide has turned for the economy, according
Cypriot seafarers could channel more than 50 mln euros a year to state funds, the President of the Association of Merchant Marine Officers Paris Demetriou said. Addressing the fourth Annual General
The Energy and Transport Ministers agreed on Monday with big oil companies TOTAL, ENI and Noble to set up a technical committee that would take note of their needs with a view
RCB Bank has joined forces with with the European Investment Bank (EIB) and the government of Cyprus to achieve viable growth for the local economy by supporting small and medium sized enterprises
Zacharias Zachariou, Chairman of the House Trade Committee, said that a new bill to extend the network for consumer protection in regard to the abusive clauses imposed by the banking institutions will
The Cyprus International Institute of Management (CIIM) and Youngship Cyprus, a branch of the international non-profit association for young shipping professionals, are offering a unique training opportunity for the members of the
The Cyprus Tourism Organisation (CTO) aims to boost tourist arrival numbers to 2.9 mln this year, Chairman Agelos Loizou told the House Finance Committee which was discussing the Organization’s budget.
