Business
Business
Deadline to liberalise energy market passes again
Legislators warned on Tuesday that Cyprus could be liable to significant fines from the EU, after learning that the timetable for opening up the energy market...
Business
No plan to lower fuel tax, minister says (updated)
The government does not favour a change in its tax policy on fuel because it is low compared with the rest of the EU, Finance Minister Harris Georgiades said...
Business
Cyprus bond yields drop following sovereign upgrade
Cypriot bond yields fell sharply on Monday after Standard and Poor’s rating agency upgraded the island’s sovereign bond to investment grade, more than six...
Business
Cyprus and Egypt said to be close to inking gas deal
By Elias Hazou Cyprus and Egypt are reportedly poised - perhaps even this week - to conclude an interstate gas export-import agreement. Energy minister...
Business
Government to issue 10-year €1bn euro bond
The government aims to capitalise Friday’s upgrade of its sovereign rating to investment grade by Standards & Poor’s with the issue a €1bn 10-year...
Business
Paphos sees great prospects for Israeli visitors
Paphos is preparing to welcome hundreds of Israeli tourism professionals in November for an annual conference as tourism from Israel is showing huge...
Business
S&P upgrades Cyprus to BBB-, back to investment grade (Updated)
The upgrade of Cyprus’ sovereign rating back to investment grade by Standard & Poor’s after rating it junk for more than six years justifies...
Business
NPLs up by €14m in May, Central Bank says
Non-performing loans in the Cypriot banking system rose by €13.9m in May, to €19.9m, compared with April, mainly on households failing payments,...
Business
Financial ombudsman delivers report on co-op loan set off debacle
Financial ombudsman Pavlos Ioannou on Friday delivered a preliminary report to President Nicos Anastasiades concerning co-op customers who had their deposits...
Business
Cabinet passes budget, slashes defence levy (Updated)
By Stelios Orphanides The cabinet on Thursday approved the 2019 budget and the budgetary framework over the next three years, including a reduction of the...
Business
CySEC disagrees with supreme court over Eliades, BoC decision
After the attorney-general, the island’s securities and exchange commission (CySEC) also expressed its disagreement over a Supreme Court decision that...
Business
Hellenic to reactivate 4,559 Co-op overdraft accounts with €25m
Hellenic Bank said it has agreed with the finance ministry to transfer another 4,559 overdraft accounts from the Co-op with a €21m balance and a limit of up...
Business
London loses top spot to New York in financial survey
New York has overtaken London as the world's most attractive financial centre, a survey said on Wednesday, as Britain's decision to leave the EU prompts banks...
Business
House to investigate collapse of Olympic Insurance
The insurance superintendent controls around 30 insurance companies based in Cyprus, the chairman of the House ethics committee, Zacharias Zachariou, said on...
Business
7 tips in marketing your business through Social Media
Modern society revolves around technology and mobile devices. These days, you can find your potential customers on social media platforms and promote your...
Business
Trade deficit shrinks by 6.5% in first seven months on export surge
Cyprus’s trade deficit shrank by 6.5 per cent in the first seven months, to €2.4bn, mainly on a strong increase in exports which outstripped imports, the...
Business
Ex-BoC CEO acquitted, attorney-general disagrees (Update 2)
The supreme court on Wednesday acquitted former Bank of Cyprus CEO Andreas Eliades who had been jailed for two and a half years in jail earlier this year after...
Business
State-aid Commissioner kept in the dark over Co-op
State-aid Commissioner Theophanis Theophanous said on Tuesday that his agency was kept in the dark both about the government’s intention to donate a quarter...
Business
