Still value in passports scheme
It’s been a rough month for Cyprus, having to manage the fallout from revelations that it granted passports to people with dubious backgrounds through its...
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DBRS Morningstar confirms Cyprus at BBB (low)
DBRS Ratings Limited (DBRS Morningstar) confirmed Cyprus’s Long-Term Foreign and Local Currency – Issuer Ratings at BBB (low) and changed the trend to Positive from...
Bank of Cyprus to suspend new charges
The Bank of Cyprus (BoC) announced on Thursday it would suspend the introduction of new charges for its services due to be introduced in January...
‘Suffering’ German economy dodges recession in third quarter
The German economy escaped a recession in the third quarter as consumers, state spending and construction drove a 0.1% quarterly expansion, defying expectations of another...
Fiscal Council warns of internal and external risks to the economy
The Fiscal Council on Wednesday said Cyprus’ economy is still facing internal and external dangers including too much bureaucracy, non-performing loans and Brexit. According to...
‘Made in Germany’: Tesla sets up shop in Berlin
Tesla will build its first European factory and design centre near Berlin, giving the US electric car pioneer the coveted ‘Made in Germany’ label just as...
Slight rise in tourism revenue in August
Revenue from tourism in August rose 0.8 per cent in comparison to last year, from €428.2m to €431.6m, the statistics service said. From January to...
In streaming wars, Disney reaches beyond kids and families
During commercial breaks in a broadcast of World Wrestling Entertainment’s WWE SmackDown, fans were shown ads for Walt Disney Co’s new streaming service, Disney+. So...
Cyprus and China aim to strengthen business ties
The comparative advantages of Cyprus as an investment and tourist destination as well as a financial, business and maritime hub, the fact it is an...
China, Greece agree to push ahead with Piraeus Port investment
China and Greece agreed on Monday to push ahead with a 600 million euros investment by COSCO Shipping into Greece’s largest port, Piraeus, as part...
EU heavyweight states push for joint supervisor against money laundering
The European Union’s largest states are pushing for the establishment of a new supervisory authority that would take over from states the oversight of money...
Lakkotrypis: another milestone in Cyprus’ energy programme
Cyprus on Thursday granted the first hydrocarbon exploitation licence to the consortium that owns the Aphrodite concession, with a view to pipe gas to Egypt...
Civil service pay, Gesy risks to economy says EC forecast
The European Commission expects a deceleration of foreign direct investment connected to the island’s citizenship by investment scheme as stricter requirements came into force, according...
Cyprus grants Aphrodite reserve exploitation licence
Cyprus on Thursday granted the first hydrocarbon exploitation licence to the consortium that owns the Aphrodite concession, with a view to pipe gas to Egypt...
Cyprus’ ouzo and zivania in top 100 list of China-EU protected goods
By Nick Theodoulou Negotiations on a trade agreement between the EU and China were finalised on Wednesday which grants Cyprus’ ouzo and zivania protected status....
CBC: NPLs may have fallen but they’re still in the economy
While the Central Bank of Cyprus (CBC) was happy to see banks’ exposure to NPLs reduce due to deleveraging, it was not thrilled that these...
Energy companies have not been scared out of block 7
Energy Minister Yiorgos Lakkotrypis said on Tuesday international energy companies had no intention to start their drilling programmes in block 7 of Cyprus Exclusive Economic...
EU to look into issuing public digital currency to rival Libra
The European Central Bank should consider issuing a public digital currency, an EU draft document said, after plans by Facebook to introduce a private one...
High debt, NPLs could magnify any external shocks to Cyprus economy, experts say
Economic experts on Tuesday debated whether the recovering Cyprus economy was ready to weather any external shocks after putting its house in order for the...
Do more with less: NZ firm’s four-day week
A New Zealand estate planning company, which made headlines when it trialled a four-day week last year, has seen a big productivity increase since it...
