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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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20 December 2014

Capital Intelligence raises BoC financial strength rating to ‘B’

Capital Intelligence, an international credit rating agency, announced recently that it has raised Bank of Cyprus (BoC) Financial Strength Rating (FSR) to 'B' on 'Stable' Outlook (from 'B-' on 'Positive'). Read More

20 December 2014

Third Point, Wargaming increase Hellenic share

CPB FBO Third Point Hellenic Recovery Fund LP and Wargaming Plc Ltd said they increased their respective stakes in Hellenic Bank Public Company Ltd. Read More

20 December 2014

Most Paphos properties sold to foreigners

Coastal town Paphos sold the most properties to foreigners during the period from 2010 to mid-2014 across Cyprus, a report by Cyprus Economic Intelligence said recently. Read More

20 December 2014

IMF freezes next bailout tranche to Cyprus

The International Monetary Fund (IMF), which together with the European Commission and the European Central Bank comprises the troika that supervises bailouts in the euro area, said it will not… Read More

20 December 2014

Not enough gas found by ENI/KOGAS

ENI-KOGAS has not found enough commercially exploitable natural gas reserves in its first exploratory drill at the offshore Onasagoras field, the Energy Ministry said recently. Read More

19 December 2014

€800,000 to be disbursed by RPF for research and technological development

The Research Promotion Foundation (RPF) will disburse funds amounting to €800,000 in the framework of the proclamation of four new international calls for research and technological development. Read More

19 December 2014

Parliament suspends foreclosure bill implementation

The House of Representatives has suspended until January 30, 2015 the implementation of the controversial bill on foreclosures of mortgaged property. Read More

19 December 2014

BoC CEO tells Forbes about lender’s survival to value path

Bank of Cyprus CEO John Hourican told Forbes Magazine that raising the share capital of the island’s biggest lender which almost collapsed in 2013 has moved the debate from survival… Read More

18 December 2014

Ukraine may dissolve double taxation bill with Cyprus

Ukraine’s cabinet is to approve a bill to dissolve a convention made with Cyprus on the avoidance of double taxation, Ukrainian Prime Minister Arseniy Yatseniuk reportedly said recently. Read More

18 December 2014

Bank of Cyprus stable on day 2 of re-listing

After heavy selling on the first day it was re-listed on the Cyprus and Athens stock markets, Bank of Cyprus (BOCY) eased up a bit and was headed to close… Read More

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