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Bank of Cyprus expands lists of properties for sale

The Bank of Cyprus, the island’s largest lender, has expanded its list of property for sale with 54 pieces now… Read More

Recent Articles

18 September 2014

Harmonised inflation accelerates in August 2014

August harmonised inflation in Cyprus accelerated to 0.8% compared with the 0.1% of the corresponding period of 2013 when the island was facing deflation pressures, figures released by Eurostat on show. Read More

18 September 2014

Bank of Cyprus agrees to sell UK loan portfolio

Bank of Cyprus (BoC) said recently it has agreed to sell a UK loan portfolio largely composed of residential and commercial real estate-backed facilities to Mars Capital Finance Limited, a… Read More

17 September 2014

Government highlights positive developments in Cyprus’ economy

Government Spokesman Nicos Christodoulides highlighted nine positive facts in the local economy, pointing out that this has been achieved through the hard work of the people of Cyprus. Read More

17 September 2014

Hourly labour costs drop in Cyprus

The average hourly labour cost across the whole economy dropped in Cyprus by 3.9% in nominal values during the second quarter of 2014, compared the same period in 2013. Read More

17 September 2014

Moody’s outlook stays negative for Cypriot banking system

The outlook on the Cypriot banking system remains negative, primarily reflecting the expectation of a continued rise in problem loans over the next 12-18 months that will exacerbate losses and… Read More

17 September 2014

Deliberations over bank stress tests to start shortly

Deliberations between the European Central Bank (ECB), Central Bank of Cyprus (CBC) and local commercial banks as part of finalising the results of the ‘stress test’ will commence shortly, the… Read More

16 September 2014

Trade deficit for first half of 2014 at €1.6b

Cyprus trade deficit for the first six months of 2014 stood at €1.6 billion, recording an annual increase of €100 million, Eurostat data released recently shows. Read More

16 September 2014

Hellenic Bank’s bonds converted into capital

Cyprus Stock Exchange announced recently it approved to introduce to the Stock Exchange 151,065,200 ordinary shares of Hellenic Bank, which emerged following mandatory conversion of the company's Convertible Bonds. Read More

16 September 2014

NOORSAT and Iris cooperate for the transfer of teleport operations to Cyprus

Satellite Service Provider NOORSAT and Iris, a subsidiary of Cyprus Telecommunications Authority (Cyta), announced the migration of NOORSAT’s operations to Makarios Teleport in Cyprus. Read More

15 September 2014

Q2 2014 employment records only slight 0.1% drop

Employment in Cyprus fell in the second quarter of 2014, but the drop was smaller than the previous quarter, according to the EU’s statistical service EUROSTAT. Read More

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