Business
Business
Greek company ponders Cobalt acquisition
Greece-based company Diversa announced on Wednesday that it is considering acquiring Cobalt Air, the Cyprus News Agency (CNA) reported. Consultants...
Business
Co-op: wrong people, government mistakes, poor governance (Updated)
Incapable people, government mistakes and no corporate governance were the reasons the co-op bank collapsed, Central Bank Governor (CBC) Chrystalla Georghadji...
Business
Exxon expected to start drilling by week’s end
By Evie Andreou The Stena Icemax drillship leased by ExxonMobil, is expected to begin drilling in Cyprus’ offshore block 10 by the end of the week, it was...
Business
Beer deliveries up in first 10 months of 2018
Beer deliveries during January to October 2018 reached 37.10 million litres, recording an increase of 3.6 per cent compared to the same period of 2017, data...
Business
‘Cyprus has not agreed for gas to flow through Turkey’
The government on Tuesday rejected reports in the Turkish press that President Nicos Anastasiades expressed his willingness to agree to a deal with Ankara for...
Business
Exxon drillship on location in block 10
By Elias Hazou The Stena Icemax drillship has arrived on location in Cyprus’ offshore block 10 and is preparing to bore down into the seabed, energy...
Business
By end of 2018, Cyprus will have recovered lost economic ground, Georgiades says
By the end of 2018, the Cyprus economy will have grown by 16 per cent of GDP, which more than covers lost ground, and if all goes well, growth is...
Business
Billions lost in cash crackdown on money laundering
EVEN depositing the cash received for your wedding, a fairly simple banking task in the past, has apparently become arduous in recent days, as lenders enforce...
Business
Limassol port shutdown averted as dockers return to work
TRANSPORT Minister Vasiliki Anastasiadou had to intervene on Saturday to avert escalation of a work dispute that prompted dock workers in Limassol port to down...
Business
Cyprus issues navtex for ‘Delphini’ target as Exxon’s drill ship set to arrive
THE Cyprus government issued a navigational telex (navtex) notification to seafarers on Saturday ahead of the arrival next week of Stena IceMax, a drilling...
Business
US energy official to tour East Med
US Assistant Secretary of State for Energy Resources Francis Fannon will travel to Tel Aviv and Jerusalem, Nicosia, and Cairo starting Monday, November 11 to...
Business
Hellenic introduces mobile banking units
The first mobile banking unit (MBU) of Hellenic Bank was presented at the Aes Ambelis winery in Klirou on Friday morning. The big vehicle will officially...
Business
Russia clashes with Western oil buyers over new deals
Russian energy majors are putting pressure on Western oil buyers to use euros instead of dollars for payments and introducing penalty clauses in contracts as...
Business
Former co-op chief says NPLs were declining (updated)
Former co-op bank CEO Nicolas Hadjiyiannis said they had managed to achieve a substantial reduction of non-performing loans before the lender was shuttered...
Business
EC forecasts strong economic growth set to continue
The Cypriot economy is expected to maintain its strong growth rates in the next couple of years though risks linked with the banking sector remain, the...
Business
J&P workers in Oman say their situation is desperate
J&P Overseas workers in Oman have appealed to the owners for their salaries, saying people could not pay for emergency medical procedures and others risked...
Business
Co-op’s last CEO says Europe was worried about state links
European bank supervisors used the co-op bank to put pressure on the government on matters like the foreclosure legislation, former CEO Nicolas Hadjiyiannis...
Business
Former co-op CEO did not get job 'because of connections' (updated)
The former CEO of the Cyprus Cooperative Bank (CCB) Nicolas Hadjiyiannis on Tuesday denied landing a job with the organisation solely because of his personal...
Business
