Plots of land, shops, and to a lesser degree apartments and residences are some of the immovable property given to the Coop by some of its customers to pay off debt.

Just 4% of women hold posts on the boards of directors. However, in recent years more women than men have been promoted.

RCB Bank announced recently it has successfully completed the stress test carried out by the European Central Bank, which was aligned with the European Banking Authority (EBA) methodology.

Saipem’s pipelayer Castoro Sei (Beaver Six) was fully ensconced at Limassol port on Sunday before starting work on underwater pipelines for Egypt’s giant Zohr gas field.

Moody’s ratings agency has changed its outlook on the Cypriot banking system to positive from stable, reflecting that the country’s economic recovery will restore banks to profitability and improve weak asset quality.

Nicosia could shift to a new economic model and develop to become an innovative regional research centre according to the Nicosia Chamber of Commerce and Industry (EVEL).

Industrial production and manufacturing in Cyprus were up in May 2016, according to data released by Cystat.

Cyprus’ future strategy in developing its hydrocarbon industry will depend on the quantities that exploratory drilling in its exclusive economic zone will reveal over the next years, Energy Minister Yiorgos Lakkotrypissaid.

The regulation of online betting along with the other measures promoted concerning the betting industry will create a new significant prospect for the economy, says Finance Minister Harris Georgiades.

Energy Minister Yiorgos Lakkotrypis said that Cyprus received three bids for block 10 in its EEZ, from a consortium consisting of ExxonMobil and Qatar Petroleum, ENI and Total, and from Norway’s Statoil.