A joint mission from the Troika of international lenders (EC, ECB, IMF) will be back in Cyprus on Tuesday to conduct its eighth evaluation of economic adjustment programme, aka “bailout plan” that
On November 2, 2015, the English-language Cyprus Mail, the longest newspaper on the island, will celebrate its 70th anniversary, a remarkable achievement for a tightly knit, family-run publication that prides itself on
Cyprus raised EUR 1 bln from the 10-year eurobond (EMTN) issued on Tuesday with a yield of 4.25%, the third attempt in the bond markets in a year, prompting Finance Minister Haris
Economic sentiment improved in October with the Economic Sentiment Indicator (ESI) rising by 0.7 points, according to the Economics and Research Centre of the University of Cyprus (CypERC). The monthly survey said
The island’s financial assistance package may have been a success but significant challenges remain with the reduction of the high stock of non-performing loans (NPLs) considered as the top priority, a Bruegel
President Nicos Anastasiades praised RCB Bank saying it is an international bank, which has become an integral part of the Cyprus banking sector and the country’s economy, but, most importantly, has provided
Labour Minister Zeta Emilianidou said that the social expenditure in the 2016 budget of her Ministry marked an increase. Speaking in a joint Parliamentary Finance and Budget Committee hearing, Emilianidou said that
The Ministry of Finance said it sold EUR 11.78 mln six-year retail bonds due from Novenmber, mildly oversubscribed above the monthly target of 10 mln. The Public Debt Management Office, said that
Fitch Ratings upgraded on Friday Cyprus’ long term foreign and local currency issuer default ratings (IDRs) by two notches to ‘B+’ up from ‘B-’ with a positive outlook, saying that “Cyprus has
Τhe House Committee on Financial and Budgetary Affairs began the discussion on the 2016 state budget with Finance Minister Haris Georgiades analysing the state revenues, the situation of the public finances and
