The initial challenge for the Road to Berlin has been set, and FC Barcelona were drawn into Group F with Paris Saint-Germain FC, AFC Ajax and APOEL FC. In a draw dominated by Real Madrid legends drawing the teams from the pots, Barcelona were the fifth team drawn. Barça didn't have to wait long for

President of the Republic of Cyprus Nicos Anastasiades has congratulated Cypriot football teams for their successes and appearances in football leagues. In a written statement, Anastasiades congratulated APOEL FC and Apollon FC for qualifying to the group stage of Champions League and Europa League respectively. “I also express congratulations to Omonia FC, AEL FC and

The President of the Republic Nicos Anastasiades departs Friday morning for Brussels, where he will participate in the extraordinary meeting of the European Council. According to an official press release, the issues that will preoccupy the meeting are the election of the new President of the European Council and the election of the new High

The Central Bank of Cyprus has rejected allegations by the shareholders of Tanzania-based FBME Bank that it is responsible for the demise of the bank’s Cyprus branch, which has been suspended for nearly two months causing havoc to customers who have little or no access to their funds. They have suggested that the action was

Bank of Cyprus shareholders gave an overwhelming vote of support on Thursday to the bank’s efforts to seek new investors and raise a further €1 bln that will boost its capital safely beyond EU-wide stress tests in les than two months. A large turnout of old shareholders, who saw their stock diminished to less than

The official opening ceremony of Minthis Hills, the flagship resort of Pafilia Property Developers, will take place on 17th September 2014. Minthis Hills is one of the most exclusive and luxurious residential golf resorts in the eastern Mediterranean and is setting new standards for living and leisure in Cyprus. Minthis Hills was conceived by a

Bank of Cyprus seems to have returned to a gradual path of recovery with a second successive quarter of profits, as total after tax for H1 stood at €81 mln. Following seven consecutive quarters of devastating losses, a near-fatal bail-in of depositors, forced absorption of the now defunct Laiki Popular Bank and the loss of

Hellenic Bank, the island’s second largest lender recently rescued by private investors, said that the management of non-performing loans (NPLs) is a top priority and that it was handling the matter in a way that supports, rather than undermines, the economy. The bank said in an announcement that it “evaluates borrowers on a case-by-case basis,