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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

02 September 2014

Double Tax Agreement Between Cyprus And Lithuania Now In Force

The double tax agreement between Cyprus and Lithuania, which was signed in June 2013, is now in force and will take effect from 1 January 2015. Read More

02 September 2014

Investing in Cyprus

Large-scale projects, privatisations and a burgeoning oil and gas sector are firmly placing Cyprus on the map as a hotspot for investment from the US, Asia, Russia and the Middle… Read More

01 September 2014

UAE firm expresses interest in Cypriot produce

Cyprus citrus farmers will be looking to the United Arab Emirates and other countries in the Gulf region to export their goods, in an attempt to find alternative markets following… Read More

01 September 2014

Hellenic Bank posts €95.5 million first-half losses in 2014

Hellenic Bank recently announced €95.5 million in losses for the first half of 2014, due to a spike in provisions by 105% and increased taxation. Read More

01 September 2014

Hellenic Bank CEO steps down

Hellenic Bank CEO Makis Keravnos resigns his post, citing his decision to allow new leadership to address the challenges facing the bank, which recently announced half-year losses of €96 million for 2014. Read More

29 August 2014

KLM to stop over in Larnaca on Route to Ben Gurion airport

The Royal Dutch Airlines (KLM) reportedly announced that all flights from Amsterdam to Ben Gurion International Airport will include a stopover in Cyprus, a move introduced due to security concerns. Read More

29 August 2014

Deposits and loans in Cyprus banks decrease in July 2014

Total deposits in Cyprus Banks in July 2014 exhibited a net decrease of €153,3 million, as compared with a net decrease of €370,3 million in June 2014, according to data released recently by the… Read More

29 August 2014

Vote on foreclosures bill postponed

The House plenary, scheduled to convene on Monday September 1, 2014 to discuss a series of draft bills on foreclosures, will be postponed until the end of that week, reports the Cyprus… Read More

28 August 2014

Government says proposed foreclosures bill provides better protection

The government reiterated recently that the proposed foreclosures bill provides great opportunities for borrowers to protect themselves and their immovable property. Read More

28 August 2014

New Chairman elected at Cyprus Airways

In the midst of critical deliberations with potential investors nominally interested in taking over Cyprus Airways, former permanent secretary at the Communications and Works ministry Makis Constantinides was confirmed recently… Read More

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