RCB Bank Ltd., one of four local systemic banks that underwent stringent capital stress tests by the European Central Bank last month, has topped the Cyprus Banks Reliability Rating, an index conducted by RAI for the portal Stockwatch. The survey among 500 households saw RCB rise one place year-on-year from November 2013 to the top
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. By Olga Kandinskaia The sale process of Cyprus Airways (CAIR) has been put on hold waiting for the results of the European Commission investigation on the legality of the aid package of EUR 103m, which was provided by the Cyprus government to the distressed national airline in December 2012 and January 2013. The highest
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The 2nd Cyprus Businesses Growth Conference took place on 27 November 2014 in Limassol, with the participation of more than 200 executives and officials from the business community. Presentations and discussions that took place during the conference evolved around subjects such as economic developments in Cyprus, changes in the behaviour of Cypriot consumers and enhancing
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By Jameel Ahmad, Chief Market Analyst at FXTM The overwhelming majority of market attention on Thursday was directed on the OPEC meeting, where a decision was made not to cut Oil production. As Thursday progressed, speculation intensified that OPEC that this would be the decision, which led to the Oil markets facing intense pressure throughout
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. The Democratic Rally will be holding a vote this weekend to choose new members for its central political office (politburo) with elections also slated for other party ranks, such as the women’s organisation GODISY. The vacancies follow recent changes when Christos Stylianides became Commissioner, having already given up his party office as an MEP,
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Aegean eyes Cyprus hub, Paphos new route Aegean reports a strong set of 9-month 2014 results, driven by successful network expansion and Olympic Air synergies. Consolidated revenue increased by 10% to €736m, pre-tax earnings improved to €105.4m from €75.9m while net earnings rose by 31% to €78.6m from €60m in 2013 . ΑEGEAN and Olympic
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Limassol Marina is set to celebrate this year’s festive season with a calendar of events for all visitors and residents to enjoy. In support of Funraising Charity Foundation, an open invitation to light up the development’s first “Christmas on the sea” aims to provide live entertainment in the Limassol Marina Square from 6pm on Saturday
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. By Andreas Theophanous The philosophy and policies of draconian austerity are being challenged in the EU and beyond at a time when the Cyprus Ministry of Finance has submitted its 2015 Budget to the House of Representatives for debate. This necessitates an assessment of the broader economic environment as well as the pursued economic
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MTN gives 600 euro total discount to all new subscribers who transfer their line to MTN Smart Unlimited plan, to get: – a smartphone without paying anything upfront – the new Prestigio Multipad Color 8.0 3G, worth €189 AS A GIFT AND – a lower monthly fee! Celebrate Christmas by choosing one of the most
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Fifty students took part in the hack{cyprus} Code School event hosted by the Cypriot Enterprise Link (CEL) and the Cyprus Computer Society (CCS) at the GC School Nicosia premises as part of the EU Robotics Week campaign. The budding young techies attended workshops on programming, algorythms and ICT engineering by learing through fund. In the
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