The Central Bank of Cyprus said it generated in 2017 a profit of €49.5 million compared with a profit of €74.2m in 2016 on reduced net interest income, which reduces the dividend transferred to the government’s coffers.

Cobalt Air announced it would be operating direct flights to Copenhagen, Denmark twice per week.

Bank of Cyprus has launched on a pilot basis the world’s first biometric payment card, part of a wider drive to digitise the bank’s services.

ExxonMobil’s Ocean Investigator research vessel sailed recently from Limassol port into block 10 of Cyprus’ Exclusive Economic Zone (EEZ) to carry out hydrocarbon explorations for the US oil giant.

Cyprus central government debt stood at €18.315 billion at the end of 2017, a decline of 3.6% compared with 2016, according to data released recently by the Finance Ministry’s Public Debt Management Office (PDMO).

Cyprus central government debt stood at €18.315 billion at the end of 2017, a decline of 3.6% compared with 2016, according to data released recently by the Finance Ministry’s Public Debt Management Office (PDMO).

The Bank of Cyprus CEO John-Patrick Hourican recently urged the business community in Cyprus to increase the legal and political pressure to move towards a faster solution to the issue of non-performing loans (NPLs).

The economic sentiment index fell in March 2018 by 1.6 points to 117.5 compared to February after peaking at 119.9 in November, as confidence in the services and industrial sector and among consumers fell, the University of Cyprus said.

Cyprus is promoting three projects that were selected by the European Commission as projects of common interest, because of their benefits to the European energy market, President Nicos Anastasia's said recently.

Moody’s Investors Service recently downgraded the baseline credit assessment of the state-owned Cyprus Cooperative Bank to ‘ca’ from ‘caa2,’ citing a shortfall in provisions rendering a capital increase necessary.