Hellenic Bank posted a €31.7 million loss in the first quarter, taking a hit from higher provisioning for bad loans and from the sale of its Greek business as part of an international bailout for Cyprus.

German professor Heinz Richter says it is time to put an end to wrong perceptions in Germany regarding the banking sector and the way the economic situation is being managed in Cyprus.

Greek banker Christos Sorotos has been appointed interim Chief Executive Officer at Bank of Cyprus, the island’s biggest lender currently under temporary control by the Central Bank (CBC) as part of Cyprus’ bailout.

Chinese plan to invest €1.5 billion in Cyprus, showing strong confidence in the prospects and potential of the country.

US firm Noble Energy is to begin appraisal drilling at the Aphrodite offshore prospect in early June to confirm Cyprus' estimated hydrocarbon reserves.

Leaked internal documents of the International Monetary Fund (IMF) reveal the executive board’s concern over “optimistic” and “ambitious” forecasts of a Cyprus recovery under the troika bailout and adjustment programme.

Executive President of the Cyprus National Hydrocarbons Company (CNHC) Dr. Charles Ellinas shares his vision.

A leading accountant has called on Cypriot financial authorities to lift restrictions to avoid foreign investors and companies running out of patience and deciding to take their business elsewhere.

The sale of Cypriot banks’ Greek operations to Greece’s Piraeus Bank was a political decision, the Central Bank chief said yesterday.

Land registry employees are putting in extra hours without pay to reassess property values as part of the island bailout deal.