Cyprus football champions APOEL FC signed a 5-year television rights deal with state-owned cable provider Cytavision worth €8.9 mln, seen by fans as far better than the club’s previous agreement with LTV. The agreement for 2014-19, signed on Friday by club president Prodhromos Petrides and Cyta board vice chairman Andreas Marangos, will be limited to

The Central Bank Governor and Finance Minister were meeting with the heads of mission of the Troika of international lenders on Thursday to iron out differences and concerns over some of the delays in implementing obligations as part of the €10 bln bailout programme. The main thorn in the discussion on the memorandum of understanding

Energy, Commerce, Industry and Tourism Minister Yiorgos Lakkotrypis told business leaders in Paphos that the government was aware of the cash-flow problem in the economy and that it was trying to cut down on red tape as part of a widetr plan to introduce universal efficiencies and become mo0re competitive. He told the annual meeting

Eurofast, the Cyprus-based multinational advisory company with offices in south east Europe, is opening an office in Erbil, northern Iraq, and has invited the firm’s regional director to elaborate on investment opportunities and procedures next week. Imad Abou Nasr, Regional Executive of Eurofast in the Middle East based in Erbil will present “Doing Business in

 * Ryanair plans to boost Cyprus passenger traffic to 2-3 mln * The outspoken chief executive of Europe’s budget giant said Ryanair can step in to take over the gap left behind if troubled Cyprus Airways closes, but suggested it would be better if the island’s national carrier kept on flying. Michael O’Leary told a

Customers and corporate depositors started to panic after the Central Bank of Cyprus issued an announcement late Monday saying it had issued a decree by which it has placed the Cyprus branch of FBME Bank Ltd. under a state of resolution. The Financial Mirror received several calls from concerned customers who were not reassured by

The Attorney General’s office received the final draft of the repossessions bill late on Tuesday, which means that the legislation which is being demanded by the Troika of international lenders in order to help relieve banks from non-performing loans (NPLs), will not make it to the Cabinet in time. But the bill has to be