Cyprus ranked 64 among the 189 countries surveyed for the 2015 World Bank`s "Ease of Doing Business" report released Wednesday, a drop by eight places from last year`s ranking. The report measures the ease of doing business in 189 economies based on 11 business-related regulations, including business start-up, getting credit, getting electricity, and trading across

The central government posted a surplus of €207.6 mn or 1.32% of GDP in the first nine months of the year, compared with a deficit of €411.7 mn or 2.5% of GDP, in the same period last year. According to figures released by the Ministry of Finance, the primary balance, which excludes the servicing of

The Greek Cypriot side will return to the negotiating table once international law is respected and the illegal activities in the Republic of Cyprus` Exclusive Economic Zone stop, credible sources have said, on Wednesday. The same sources say that the Republic of Cyprus continues its diplomatic efforts to that effect and still has several legal

Cyprus President Nicos Anastasiades and Central Bank of Cyprus Governor Chystalla Georghadji will be discussing ways to deal with the bureaucracy of banks as regards loans at a meeting they will have soon, credible sources say. The same sources say that President Anastasiades will be unsparing on the practices followed by bankers and is said

 * Results mark final stabilisation of banking system * Four of Cyprus’ ‘systemic’ banks have survived a gruelling stress test by European banking regulators that conducted a health check on the Eurozone’s 130 leading banks to see if they could withstand major cash upheavals over the next three years. This also means that they will

The total sales of petroleum products dropped 4.1%, during the period January – September, compared to the corresponding period of the previous year, the Statistical Service said on Wednesday. In September, the total sales of petroleum products recorded an increase of 3.8% compared to the previous month, according to the figures. A rise was recorded

The former Governor of the Central Bank of Cyprus Athanasios Orphanides believes that the European Central Bank (ECB) "should have already started" buying sovereign bonds, or full-blown quantitative easing (QE). “Now that the stress tests are out of the way, it would be quite positive for the Euro area if they (ECB) announce that move

Open Box Communication announces that registration is now open for the 2nd two-day masterclass in Cyprus for training in the Business Model Generation framework. The masterclass will take place on November 19th and 20th in Nicosia. The Business Model Generation is a powerful strategic management and communication methodology for shaping your business models, rethinking strategy,

September saw the highest deposits outflow since July 2013, as total deposits fell by by €850.6 mln, according to Central Bank of Cyprus (CBC) figures. The outstanding amount of deposits reached €46.0 bln in September pushing the annual growth rate stood to -4.5% compared with -4.3% in August when deposits decreased by €328.1 mln. In