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Foreclosure law could unlock investment

Foreclosure law could unlock investment

Last week the international economic news was dominated the €1 trillion bond-buying by the European Central Bank (ECB), whereby the lender… Read More

Recent Articles

02 March 2015

Aviation hits transport, land and sea up in 2014

The value of goods in the transport and storage sector recorded a decrease of 1.4% in 2014 according to the annual Turnover Value Index published by the Statistical Service Cystat, with land… Read More

02 March 2015

Hospitality sector up in 2014

The sectors of accommodation and food service activities recorded an annual increase of 4.2% in 2014, according to the Statistical Service Cystat, a trend underlined by recent tourism data that showed an… Read More

02 March 2015

Cyprus’ unemployment drops in January 2015

Cyprus posted a seasonally adjusted 16.1% unemployment rate in January 2015, the fourth largest in the European Union and third largest in the euro area, down from 16.4% the month before and 15.7% a… Read More

01 March 2015

Real estate transactions up by 20% in 2014

The number of real estate transactions during 2014 was up 20%, reaching 4,527, compared to 2013. Read More

27 February 2015

Mobilising in Cyprus for Paris climate summit

The French Embassy, along with Cypriot and EU institutions and civil society will be launching an awareness campaign and prepare to mobilise as part of the debate on the ‘Paris… Read More

27 February 2015

Tourism revenue figures for December 2014

A 16% annual increase in December 2014 revenue from tourism to €43.7m was unable to offset lost ground during the rest of the year, the statistical service said. Read More

27 February 2015

Hellenic Bank announces 2014 losses, new interest rates

Hellenic Bank recently announced an operating profit before provisions of €158 million for 2014, an increase of 22% on 2013, however the year ended with losses of € 119 million. Read More

27 February 2015

Paris hopes for an agreement between Cyprus and Total

The French government hopes that an agreement would be reached between the Cyprus government and French oil-giant Total that will allow the company to proceed with further seismic surveys in… Read More

27 February 2015

€200m in T-bills to be auctioned in March 2015

The Public Debt Management Office (PDMO) announced recently that it was offering for sale through auction, Treasury Bills worth €200 million with a value date of March 6, 2015 and a maturity date… Read More

27 February 2015

Co-op announces further lending rate cuts

The Co-operative Central Bank (CCB) has announced further lending rate reductions starting on 1 March 2015, expected to benefit some 132,000 borrowers. Read More

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