Fall in registrations of new companies
New company registrations fell 7.9 per cent year-on-year in April, 1,077 compared with 1,169, company registrar figures showed on Monday. April was the eighth straight...
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Bad loans and bankruptcies sound the alarm for Turkey’s economy
After years of growth fuelled by credit and domestic consumption, bad debts and bankruptcies are rising in Turkey, squeezing banks and exposing a fragile real...
Greece signals concessions in crunch talks with lenders
By Lefteris Papadimas and Deepa Babington Greece’s leftist government offered its biggest concessions so far in a race to remove roadblocks in crunch talks with...
Man shoots judge, lawyer, co-defendant in Milan courthouse
A man on trial for bankruptcy shot dead a judge, a lawyer and a co-defendant in the Palace of Jutice in central Milan on Thursday,...
Varoufakis unsettles Germans with admission Greece won’t repay debts
Greek Finance Minister Yanis Varoufakis has described his country as the most bankrupt in the world and said European leaders knew all along that Athens...
How is it possible for Greece to avoid bankruptcy?
By Loucas Charalambous HAVING celebrated his election triumph and formed a government, new Prime Minister Alexis Tsipras and his finance minister began touring European countries...
Fears of domino effect after Russian tour operators go bust
By George Psyllides SOME 160 Russian tourists have been left stranded in two Protaras hotels after a tour operator went bust on Saturday, raising concerns...
CY says Stansted will be ‘better and cheaper’
CYPRUS Airways (CY) will be starting daily flights to London’s Stansted airport on September 14, it was announced on Monday. The airline said it will cost...
GM to seek court protection against ignition lawsuits
By Jessica Dye General Motors Co said it would ask a US court to bar lawsuits related to actions before its 2009 bankruptcy, signaling a tougher stance toward legal claims...
Race is on to save Cyprus Airways
By Constantinos Psillides THE CABINET-APPOINTED committee to deal with Cyprus Airway’s (CY) problems met for the first time on Monday, in the first of many...
Football players warned about clubs in Cyprus, Greece and Turkey
By Brian Homewood Professional footballers have been warned by the world players’ union FIFPro to think twice before signing to play for clubs in Cyprus,...
Recession, bankruptcy, banking, corruption and conflict of interest
By Costas Apostolides WHEN times are good everyone tends to gain and the overriding attitude is “leave alone and do not rock the boat”. All...