Business
Business
Disputed evidence can be submitted in Focus trial, court rules
The Nicosia criminal court ruled on Tuesday to allow the submission of disputed evidence in the Focus corruption case, which relates to the alleged bribery of...
Business
Naturalisation accounts for almost half of foreign investment
Foreign direct investment (FDI) into Cyprus from 2014 to 2017 came to approximately €9.2bn, of which €4.8bn derived from the various naturalisation...
Business
P&O confirms UK ships will get Cyprus flag ahead of Brexit
British ferry and shipping freight operator P&O will shift the registration of its UK vessels to Cyprus ahead of Britain’s departure from the European...
Business
Construction workers to stage strike next month
Construction workers will go on a 24-hour strike next month as a warning to the building contractors that employ them to respect their collective agreement and...
Business
Website mistakes law firms should avoid
There is a saying that goes, “To err is human, to forgive is divine.” But when it comes to websites, the forgiveness for any errors does not come easily...
Business
Gatwick drone disruption cost easyJet nearly $20 mln
By Alistair Smout LONDON, Jan 22 (Reuters) - EasyJet lost 15 million pounds ($19.3 million) in the 36 hours of travel chaos sparked by drones flying into...
Business
Government debt rises after Co-op sale
The general government deficit rose to €1.050bn in the third quarter of 2018 as a result of the state’s divestment of the ‘good part’ of the Cyprus...
Business
EU sees crime risks from Malta, Cyprus schemes to sell passports (Updated)
The European Commission will warn that schemes in EU states to sell citizenship or residence to wealthy individuals could help foreign organised crime...
Business
BoC CEO ‘outraged’ over claims of preferential treatment (V)
John Hourican, the Bank of Cyprus’ CEO, said on Saturday he was outraged over allegations the bank has given preferential treatment to individuals with...
Business
Laiki bondholders hold protest
Bank bondholders protested the loss of their assets during the banking on Friday morning following what they perceived to be the preferential treatment shown...
Business
Inflation dropped in December
Inflation in Cyprus dropped to 1.0 per cent in December, down from 1.6 per cent in November, while a year earlier the same rate was -0.4 per cent, Eurostat...
Business
Bad loans decline through co-op deal a credit positive, Moody's says
Moody’s rating agency said the decline of non-performing exposures (NPEs) by €5.6bn, or 33.6 per cent, stemming from the resolution of the co-operative...
Business
Benefits of a robotics engineering feasibility study
Some people get carried away by the things a robot can do that they rush to deploy one without carrying out any feasibility studies. A feasibility study is...
Business
Tax debts to state fall in Q3 2018
The total tax debts due to the state at the end of the third quarter of 2018 stood at €2.28bn, some €250m less than the second quarter of that...
Business
East Mediterranean Gas Forum bringing Cyprus closer to its goal, Lakkotrypis says
Energy Minister Giorgos Lakkotrypis has said that the decision to set up the East Mediterranean Gas Forum, an international organisation, was of enormous...
Business
Exxon’s drilling: all outcomes are possible
By Charles Ellinas THE GOOD news early in 2019 is that drilling of Delphine in block 10 has been completed, as planned, despite the problems...
Business
Cyprus could become an old car dumping ground, importers warn
New car importers warned on Friday that Cyprus risked becoming the dumping ground of old, polluting vehicles from abroad, as they backed a bill imposing higher...
Business
Tender documents for design and build of EuroAsia Interconnector published
The tender documents for the four contracts – worth a combined €3.5bn – for the design and construction of the EuroAsia Interconnector were on Thursday...
Business
