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Cyprus banks pass ECB stress tests

Cyprus banks came out with positive results from stress tests carried out by the European banking regulator, marking a final… Read More

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28 November 2014

Bank deposits decline for fifth consecutive month in October 2014

Bank deposits marked a fifth consecutive decline in October 2014, figures released by the Central Bank of Cyprus show. Read More

28 November 2014

Cyprus – Germany eye business collaboration

Minister of Energy George Lakkotrypis and German Ambassador to Cyprus Nikolai von Schoepff have agreed to work on bringing more manufacturing companies to Cyprus. Read More

28 November 2014

Action needed to soften impact from Russia tax law

The Institute of Certified Public Accountants of Cyprus (ICPAC) said that action is needed to mitigate the impact on the local financial services sector from a recent Russian law cracking… Read More

28 November 2014

Europe won’t approve Cyprus Airways aid without a plan

The viability of Cyprus Airways (CY) is key for the EU to approve the ailing airline’s restructuring plan, the state aid commissioner’s office said recently, but as things… Read More

28 November 2014

Anastasiades to resign if involvement found in Cyprus Airways

President Nicos Anastasiades said recently he would resign if a probe found that he was in any way involved in the procedure to sell national carrier Cyprus Airways. Read More

28 November 2014

Co-ops post €109 million nine-month profit in 2014

Co-op banks recorded a €109.5 million nine-month net profit in 2014, the Cooperative Central Bank (CCB) said recently, as it pledged to continue to support Cypriot households and small businesses. Read More

28 November 2014

Tourism figures for September 2014

Revenue from tourism decreased 23% to €273.4 million in September 2014 compared with the respective month a year ago, the statistical service said recently. Read More

27 November 2014

Hellenic Bank: The economy is on a path back to economic growth

The Hellenic Bank believes that Cyprus' economy could return to positive growth in 2015, under the appropriate conditions and with the right moves and initiatives. Read More

27 November 2014

Economic sentiment returns to late 2008 levels

Business and consumer confidence rose in November 2014 by 3.11 points compared to the month before and reached its highest level since the fourth quarter of 2008, the University of Cyprus said. Read More

27 November 2014

Tourists visit Cyprus mainly for the sunshine, study finds

Cyprus must make the most of its mild winter climate during winter by enhancing niche sectors of tourism, a survey conducted by PwC released recently said. Read More

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