In March 2019, the credit rating agency Fitch upgraded Hellenic Bank’s Long – Term Issuer Default Rating from B to B+ as a result of the the completion of the acquisition of certain good assets and liabilities from the Cyprus Cooperative Bank Ltd (CCB) as well as the €150m capital increase which the Bank carried out.

The Embankment Project for Inclusive Capitalism (EPIC), in its latest study, identifies the factors that drive value and are important for companies’ sustainable and inclusive growth, as well as potential metrics to assess them.

The increased engagement of Robots and Artificial Intelligence in various aspects of modern business challenges the traditional perception we have of employment relationships and will almost inevitably bring considerable changes to the job market.

Paphos is once again in the lead as the most popular district for overseas buyers and investors for the first quarter, accounting for 40.6% of all sales in January-March 2019, according to preliminary data.

The International Monetary Fund (IMF) recently revised downward its 2019 growth forecast for Cyprus to 3.5% from its October estimate of 4.2%.

The Cyprus Hydrocarbons Company (CHC) is in “advanced talks” with Noble Energy and its partners over the renegotiation of the production-sharing contract for the Aphrodite gas reservoir, the organisation’s chairman said recently.

In the case of Re Nicolaou Bros Tourist Enterprises Ltd (1999) 1 AAD 201, the Supreme Court of Cyprus, by adopting English legal principles, recognized inter alia the jurisdiction of Cyprus Courts to grant Chabra type injunctions.

The level of non-performing loans (NPL), although significantly reduced, remains high and is a challenge that must be faced, President Nicos Anastasiades said recently.

Six years on from the financial crisis and meltdown of the Cyprus banking sector that affected a large number of local as well as Russian depositors, Russian deposits continue to flee and seek banks in other countries.

The issue of new building permits, the benchmark measure indicating a healthy property sector, saw a year-on-year increase of 8.2% in January 2019, according to official data, maintaining the momentum of recent months that saw the number of building permits issued in 2018 reach their highest level since 2011.