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Fitch puts long-term credit rating at B+

Fitch puts long-term credit rating at B+

Fitch Ratings has affirmed Cyprus’ long-term credit rating at B+ with a positive outlook, even as risks continue to weigh… Read More

Recent Articles

27 June 2016

Cyprus’ government bond yields rise

The secondary market yields of Cyprus’ government bond maturing in November 2025 rose to 3.92% on Monday which is 16 basis points above that of Friday, the day after Britons decided in a… Read More

27 June 2016

Ayia Napa set to welcome more Russian tourists

Ayia Napa mayor Yiannis Karousos is confident that direct flights to Larnaca Airport from the Russian regions of Ivanovo and Vladimir will help boost tourism business in the popular summer… Read More

27 June 2016

Hellenic Bank goes for tech

Hellenic Bank is currently undergoing a transformation with a major focus on modernisation and technology. Read More

27 June 2016

Stocks fall at CSE, Cypriot bond yields seen unchanged

Shares at the Cyprus Stock Exchange took a plunge on news of the outcome on the British referendum in which British voters decided to leave the European Union. Read More

27 June 2016

Brexit impact on Cyprus’ tourism to be minimal

The only immediate impact to Cyprus’ tourism from the Brexit will be the fallout from the plunge in the British pound sterling, making holidays in Europe, including Cyprus, more expensive… Read More

24 June 2016

Cyprus-Ukraine business relations boosted

The visit of a large, multi-member representation from the Ukraine in Cyprus between 12 and 16 June, 2016 was completed successfully. Read More

24 June 2016

Loans exceed the volume of debt securities in Cyprus

Loans exceed the volume of debt securities in Cyprus (69%) as a main financial instrument for 2015, according to Eurostat. Read More

24 June 2016

Cyprus planning new €1 billion bond

Cyprus hopes to sell a new bond worth as much €1 billion and orchestrate a buyback of some of its older bonds this year, Phaedon Kalozois, head of Cyprus’ debt office,… Read More

24 June 2016

Industrial turnover rises 2.9% in March 2016, Cystat says

The industrial turnover index rose in March 2016 by an annual 2.9%, boosted mainly by increased sales by Cypriot manufacturers and companies in the mining and quarrying industry, the statistical service said. Read More

24 June 2016

Bank of Cyprus tests foreclosure law

Despite limited expectations from the foreclosures procedure, which was tested for the first time recently by Bank of Cyprus in Paphos, the process yielded mixed results, with significant interest in… Read More

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