Cabinet approves changes to golden visa scheme (Updated)
The citizenship-by-investment scheme’s contribution to economic growth in the past three years was just 1.2 per cent of 13 percentage points, Finance Minister Harris Georgiades
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Outflows from co-ops have stopped, Georgiades says (updated)
It appears that deposit outflows from co-op banks have stopped following the government’s action to deposit €2.5bn in the form of bonds, Finance Minister Harris
Co-op recipient of considerable investor interest (Updated)
By Stelios Orphanides The Cyprus Cooperative Bank said that it received a “considerable number” of applications expressing interest in buying either part of its shareholding
Co-op not selling state share, official says
The co-op bank reiterated on Wednesday that the recent invitation to investors aimed at increasing its share capital and not to sell the state’s shares
Paphos and China further strengthen ties
By Bejay Browne THE mayor of Paphos proposed a number of steps to further strengthen ties with China and the Chinese community at a meeting
Deutsche Bank admits ‘perception issue’ as shares slide
Deutsche Bank shares were indicated down 6.2 per cent ahead of the opening of the Frankfurt market on Friday, after Germany’s largest lender admitted it had
Investor interest in loans from Cypriot banks remains elusive, CySEC says
The head of Cyprus’s Securities and Exchange Commission (CySEC) Demetra Kalogerou said that the has been no investor interest to buy loans from Cypriot banks
Investors add Brexit clauses to British property deals before EU vote
By Ana Nicolaci da Costa and Esha Vaish Commercial property investors are writing clauses into contracts giving buyers the right to walk away from real
Vgenopoulos tries to turn the tables
In another move aimed to foil his questioning in Cyprus, Greek banker Andreas Vgenopoulos has reportedly asked Greek judicial authorities instead to investigate allegations of
‘Our long list of colourful investors’
I am utterly appalled by the international reputation Cyprus has for attracting investment from ‘colourful characters’. I am aware that other countries also attract money
Investor interest for ports unaffected by labour turmoil, official says
By Stelios Orphanides Authorities are happy with investor interest in the privatisation of the Limassol port’s commercial operations, an official said a day after the
So, what about Vgenopoulos? parties ask (Updated)
By Angelos Anastasiou The indictment of four former Laiki Bank senior officials for manipulating the market and misleading investors in 2011 was a positive step,
First cases filed in Laiki probe
The first criminal cases in the collapse of Laiki Bank have been filed, public broadcaster CyBC reported on Monday. The four defendants in the first
Bond issue may not await Fitch report
By Stelios Orphanides Finance minister Haris Georgiades said he might not wait for a rating action by Fitch Ratings, expected at the end of next
Cyprus Shipping Chamber calls for speedy oil and gas framework
The Cyprus Shipping Chamber is calling on the government and all stakeholders to quickly establish the legal framework within which the oil and gas sector
Lakkotrypis courts possible UK investors
The opportunities and incentives that Cyprus offers potential investors were presented by a delegation of Cypriot officials, headed by Energy Minister Giorgos Lakkotrypis during a
BoC’s message was: we’re doing great, court hears
By Angelos Anastasiou A statement issued by the Bank of Cyprus on May 10, 2012, with regard to its capital needs sent the message to
China stocks slip as rate cut fails to convince investors (Updated)
China’s turbulent stock markets slipped again on Wednesday, as a double-barrelled blast of central bank stimulus failed to convince investors of Beijing’s ability to jolt
State pledge on Larnaca after Zenon deal dies
By Andria Kades The government insisted on Wednesday it wanted to do everything possible to develop the Larnaca marina, after negotiations with Zenon consortium –
Minimal crowd of investors make noise outside ECB meeting
By Angelos Anastasiou THE world’s eyes may have been turned to Philoxenia centre’s Jean Monnet conference room in Nicosia on Thursday afternoon, but the 200