By Stelios Orphanides
State owned power producer Electricity Authority of Cyprus saw its revenue fall more than 23 per cent to 907.8 million euros last year compared to the year before on a combination
By Kirstin Ridley and Joshua Franklin (Reuters)
Global regulators imposed penalties totalling $3.4 billion (2.7 billion euros) on five major banks, including UBS, HSBC and Citigroup, on Wednesday for failing to stop their traders
By Stelios Orphanides
Hellenic Bank, which according to the European Central Bank’s asset quality review lacked 105 million euros in capital, embarked on a road show spree today aiming at covering its capital shortfall
By Stelios Orphanides
Cyprus’s government drafted contingency plans aiming at helping Cyprus maintain its connectivity to other countries in the case loss making Cyprus Airways shuts down, pending a European investigation on illegal state aid,
By Stelios Orphanides
Building permits fell more than 30 per cent in January to August compared to a year before in terms of area and more than 29 per cent in terms of value
By Stelios Orphanides
Supervisory authorities will grant a banking license to Ancoria Bank Limited, the first bank to be founded in Cyprus after last year’s banking crisis which resulted in the resolution of Cyprus
By Marie Kambas
The Council of Ministers decided today to put up state property in Yeroskipou near Paphos for sale to investors under a land license or lease agreement, the Press and Information Office said.
By Marie Kambas
The agriculture ministry plans to disburse up to €4.2 million in European Union funds towards development and promotion of the domestic wine industry over the next two years, with zivania playing
By Stelios Orphanides
Cyprus must continue its reform efforts even after it completes its adjustment programme, and not to over-rely on its hydrocarbon findings, the head of the European Stability Mechanism said on Tuesday.
By Stelios Orphanides
THE shareholders of the FBME, the Tanzanian bank whose Cyprus operations were placed under administration by the Central Bank of Cyprus following money laundering allegations in the United States, has resorted
By Marie Kambas
BUYING groceries on credit, once a common practice in Cyprus, when communities were smaller and everybody knew everyone else, has made a comeback since unemployment exploded but unlike the old days,
By Marie Kambas
CYPRIOT scientists have discovered a new treatment for wet macular degeneration which involves taking high doses of omega-3 fatty acids which improve visual acuity and visual field three months after the
By Marie Kambas
THE decision to cut carbon dioxide emissions in shipping should be taken at an international level and not just by the European Union as any unilateral step by Brussels would affect
By Marie Kambas
CYPRUS’ hopes that the economy could receive an extra boost from tourism next year are vanishing as promising news from the UK, the country’s largest market, have been tempered by developments affecting Russia, the
By Marie Kambas
FIVE new hotels are expected to operate in Larnaca in 2015, according to the town’s Tourism Development and Promotion Company.
The new hotels and renovations at existing hotel units will boost
By Laura Noonan and Eva Taylor
After putting the euro zone’s top 130 banks through their paces, the European Central Bank will face a test of its own on Sunday – will its landmark
With the government trying to pass a law on foreclosure of mortgaged properties, we asked various people in the Old Town of Nicosia what they think is likely to happen.
OVER the last six months, over four out of ten businesses have made cuts in their payroll, most of which were small businesses, a new survey has found.
The business survey, presented yesterday, was
THE STATE needs to find better ways to communicate and coordinate with Cyprus’ six Members of the European Parliament (MEPs), said ruling DISY’s MEP Eleni Theocharous yesterday.
During a look-ahead presentation on her next
