The European Central Bank made thecase recently for having state-backed ‘bad banks’ buy part of the €1 trillion of soured loans that are curbing lending and economic growth in parts of the euro zone.

ONE, a flagship development of Pafilia Property Developers, received the prestigious Five Star award for ONE in the best Residential High-Rise Development in Cyprus category at the European Property Awards 2016-2017, which were held at the Marriott Grosvenor Square in London on 26th October.

The Bank of Cyprus’ pending listing on the London Stock Exchange (LSE) could bring a much-needed increase in liquidity in the Cyprus Stock Exchange (CSE), a British expert said recently.

Finance Minister Harris Georgiades said recently that the island's real economy is on a path of strong recovery.

The Single Supervisory Mechanism (SSM) has defined the minimum capital ratio of the Cooperative for 2017 at 14.25%, the samerate as the other Cypriot systemic banks.

The Cyprus Development Bank (cdbbank), in a bid to increase its international activities and presence, has opened a new branch of offices in Limassol.

The next steps for Bank of Cyprus are preoccupied with the bank’s listing in the London Stock Exchange.

The chairman of the Cyprus Investment Promotion Agency said that following the 2013 crisis Cyprus entered a stability and growth course and progress in various areas make it “a model of economic recovery in the European Union”.

Italy’s oil and gas giant ENI is cautiously optimistic about the prospects for offshore gas in Cyprus.

The European Commission disbursed today a €730,000 grant to Cyprus from EU Solidarity Fund (EUSF), as an advance payment following the Cypriot request for EUSF assistance after the drought and the wildfires of June 2016.