EY is pleased to announce that Charalambos Prountzos, Partner and Head of the EY Law practice in Cyprus, has been appointed Law Leader of the Central, Eastern and Southeastern Europe & Central Asia (CESA) region, effective July 1st, 2019.

The cabinet announced recently it has budgeted €22 million for new measures to reduce greenhouse gas emissions to meet EU objectives in tackling climate change.

S&P Global Ratings in its annual report on RCB Bank, confirmed its 'BB-/B' long and short-term counterparty credit ratings with stable outlook.

Cyprus is one of the eight countries in Europe totally dependent on oil imports for its consumption, according to a new Eurostat report.

Bank of Cyprus said recently it generated a €97m net profit in the first half of the year and €2m in the second quarter, as it officially announced the change of its top management.

Cyprus expects to start importing natural gas for power production in late 2021 if its complex tender procedure goes according to plan.

The government expects a joint venture of energy companies to submit a new development and production plan for an offshore gas field this week, with the first gas expected between 2020 and 2025, Energy Minister Giorgos Lakkotrypis said recently.

Cypriot universities have become one of the beneficiaries of the UK exodus of EU academics and students from British universities amid uncertainty over Brexit.

Economic sentiment in August 2019 improved significantly, after consecutive months of negative territory, buoyed by stronger business confidence in services, retail trade and construction, according to the University of Cyprus benchmark index.

Bank of Cyprus is at a turning point and its decisions will be decisive not only for the lender but the entire economy, CEO-designate Panicos Nicolaou has told staff.