MARKET TRENDS

Europeans tried to block IMF debt report on Greece-sources

Euro zone countries tried in vain to stop the IMF publishing a gloomy analysis of Greece’s debt burden which the leftist government says vindicates its call to voters to reject bailout terms, source [...]

BY OPulse Admin
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Jul 05 2015

Finishing touches to casino bill

THE BILL governing the operation of casinos is to be put to a vote at the plenum this coming Thursday, after MPs made some minor modifications to it on Tuesday. The casino facilities may be located on [...]

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BY OPulse Admin
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Jun 24 2015

Greece’s Varoufakis says euro zone “dangerously close” to “accident”

Greek Finance Minister Yanis Varoufakis said on Thursday the euro zone was “dangerously close” to a state of mind “that accepts an accident,” slamming other ministers, whom he said did not wan [...]

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BY OPulse Admin
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Jun 19 2015

ECB does not raise emergency funding cap for Greek banks – source

The European Central Bank on Wednesday did not raise a ceiling on emergency funding for Greek banks in a weekly review for the first time since February, a banking source said, adding financial pres [...]

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BY OPulse Admin
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May 28 2015

Property sales increase in March

Properties sold in Cyprus in March increased by 31% compared with March 2014 with sales improving in all districts except for Famagusta. A total of 452 contracts for the sale of commercial and residen [...]

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BY OPulse Admin
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May 08 2015

Hourican resigns citing personal reasons

Hourican joined the bank in October 2013, seven months after Cyprus’s banking crisis and chaotic bailout. He worked at the Royal Bank of Scotland until February 2013. He played a key role in Bank of [...]

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BY OPulse Admin
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Apr 21 2015

Villas at Limassol Marina now ready

The first exclusive villas at the Limassol Marina have been delivered to their owners. The Peninsula Villas are the only homes of their kind in the Mediterranean. Surrounded by the sea, they offer pri [...]

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BY OPulse Admin
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Apr 15 2015

Construction output drops in 2014

Data released by the Cyprus Statistical Service indicates that the construction sector saw its output drop almost 19% in the fourth quarter of 2014 year-on-year, coupled with a marginal 0.1% increase [...]

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BY OPulse Admin
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Apr 12 2015

The Cyprus Economy: Two Years On

Courtesy of Gold News Two years on from Cyprus’ now infamous bail-in – an event which shook the island’s economic foundation to its core – the future appears brighter, with significant progres [...]

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BY OPulse Admin
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Mar 27 2015

Taking the First Step Towards Commercial Hydrocarbon Exploitation

Ongoing explorations of – and deliberations regarding – Cyprus’ hydrocarbon reserves are set to turn to commercial exploitation as Noble Energy prepares to declare the commercial viability of bl [...]