Business
Business
Fitch upgrades Hellenic Bank
Fitch Ratings has upgraded Hellenic Bank Long-Term Issuer Default Rating to ‘B+’ from ‘B’, the credit rating agency said on Thursday. In a...
Business
Pompeo welcomes trilateral cooperation (Update 2)
The governments of Cyprus, the US, Israel and Greece on Wednesday agreed to increase regional cooperation, support energy independence and security, and to...
Business
Greece ‘jeopardising’ project to end Cyprus energy isolation
Nicosia-based EuroAsia Interconnector has urged Athens to re-engage in discussions on a joint EU-funded project to connect the power grids of...
Business
Turkey has energy role in East Med says Greek FM (Updated)
Greek Foreign Minister Giorgos Katrougalos has said that Turkey cannot be excluded from energy-related issues in the Eastern Mediterranean area the Anadolu...
Business
Disney completes historic £54 billion takeover of Fox
Disney has completed its historic takeover of 21st Century Fox, creating an entertainment behemoth of unprecedented scale. The Walt Disney Company closed...
Business
Private and public debt still key danger to economy
Technocrats from the European Commission, the European Central Bank and the International Monetary Fund (IMF) are back on the island for their sixth...
Business
Tourism industry issues SOS, needs more workers
Stakeholders in the tourism industry sounded an SOS on Tuesday over the “dire” shortage in both skilled and unskilled workers with the summer season just...
Business
Government seeking European funds for gas infrastructure
Finance Minister Harris Georgiades said on Monday that the government is in talks with the European Investment Bank (EIB) over the latter’s...
Business
Brits eat 12,000 tonnes of halloumi a year
Britons consume over 12,000 tonnes of halloumi cheese a year, the British High Commission said in a tweet on Saturday. The High Commission added the UK is...
Business
Finance minister to leave office at the end of the year (Updated)
Finance Minister Harris Georgiades said Friday he would be stepping down at the end of the year but denied it was because of the demining findings of a probe...
Business
Cost of Vassilikos port to rise due to increased demand
The new industrial port at Vassilikos, due for completion by 2023, will cost around €250 million, it was announced on Wednesday. The new port will have...
Business
Cyprus bracing for a no-deal Brexit
Cyprus is intensifying preparations to cope with the potential fallout of a no-deal Brexit, the foreign ministry said on Wednesday, a day after the British...
Business
Island’s trade deficit drops
The island’s trade deficit was €4.9bn in 2018, down from €5.3bn the previous year, according to the statistical service. Based on the main...
Business
‘Government cannot manage Cypriot banking’
Opposition party Diko reiterated on Tuesday its demand for the resignation of Finance Minister Harris Georgiades over a damning report on the collapse of the...
Business
Cyprus joins EU ban on Boeings
Cyprus said Tuesday it has suspended all flight operations of all Boeing Model 737-8 MAX and 737-9 MAX aeroplanes inside its airspace. The ban came to force...
Business
Fund to help Laiki depositors to be voted this week
The bill establishing a Solidarity Fund will be brought to the House plenum by the end of the week, MPs said on Tuesday. “One way or another, the bill...
Business
Revenue-sharing talks for Aphrodite gas find going well
Talks aimed at recalibrating the revenue-sharing agreement for the Aphrodite gas reservoir appear to be going well, reports said on Tuesday. Daily Politis...
Business
Festival to look at all that the future holds
It’s billed as “the largest future casting festival between Southern Europe and the Middle East”, an event at which “the history of the future is being...
Business
