The Cooperative Central Bank was ordered to hold more capital by the European Banking Authority (EBA) to hold more capital, as part of the EBA’s exercise in identifying 'Other Systemically Important Institutions (O-SIIs)' in the EU.

Cypriot businessmen and foreign investors are the main buyers of the immovable properties in the hands of the Real Estate Management Unit (REMU) at the Bank of Cyprus, with increases in the number of transactions taking place in debt-for-property swaps in February 2017.

The number of persons employed increased by 0.9% in Cyprus, by 0.3% in the euro area (EA19) and by 0.2% in the EU28 in the fourth quarter of 2016 compared with the previous quarter, according to national accounts estimates published by Eurostat.

The share of energy from renewable sources, expressed as a percentage of gross final energy consumption in Cyprus, stood at 9.4% in 2015, according to data released by Eurostat recently.

German tourist arrivals for 2017 are expected to be largely improved over last year’s figures with 180,000 Germans expected to visit Cyprus during the 2017 summer period.

S&P Global Ratings has assigned its 'BB-/B' long- and short-term counterparty credit ratings to RCB Bank Ltd. The outlook is stable.

Cypriots would be better served to manage their expectations of a gas bonanza, an energy analyst told the fourth Eastern Mediterranean Gas Conference in Cyprus recently.

The Hellenic Bank and the European Investment Bank (EIB) signed, in Nicosia, an agreement for the amount of €66.7 million, which will in turn be used as loans granted to small and medium size enterprises with favourable terms

Larnaca-based low-budget Cobalt carrier on Monday announced its first flight to Tel Aviv, Israel, is scheduled for Sunday, March 26, 2017.

President Nicos Anastasiades will be the keynote speaker at the Capital Link’s ‘Invest in Cyprus’ Forum in New York next week.