A boat is to be sunk off the coast of Larnaca on Saturday to create an artificial reef.

Moody’s Investors Service has published its updated credit analysis report on RCB, highlighting the Bank’s strong asset quality, low NPL and high capital adequacy ratios.

Fitch Ratings on Friday affirmed Bank of Cyprus’ (BoC) Long-Term Issuer Default Rating (IDR) at B- with a positive outlook and viability rating (VR) at b-, and that of Hellenic Bank’s (HB) (IDR) at B+ with a stable outlook and VR at b+.

Hellenic Bank reported after tax profits of €89.4m for the first nine months of 2019 on Monday with the slogan Building a Strong Bank.

The deputy ministry of tourism has plans to brand the west coast so that it has a distinct recognisable name as it moves to promote the area of Argakas, Polis Chysochous and Pyrgos.

Total deposits and loans in the Cypriot banking system decreased in October 2019, according to Central Bank of Cyprus data.

EuroAsia Interconnector, project promoter of the EU-PCI 3.10 electricity project linking Israel, Cyprus and Greece, has issued a contract notice on the Official Journal of the Union for the tender process of the HVDC cable system worth €1.68b.

Cyprus Central Bank governor Constantinos Herodotou has called on banks to draw up a Plan B on how to deal with thousands of defaulted borrowers who will not join the government subsidised ESTIA scheme.

PwC Cyprus presented the 'New World, New Skills' programme to media representatives, at an event held on Wednesday, 27 November, 2019.

Despite several challenges including the collapse of Thomas Cook, 2019 has been a very successful year for tourism, deputy minister for tourism, Savvas Perdios said recently, expressing pride over the results.