MARKET TRENDS

Quantitative Easing to Begin on March 9

Quantitative Easing to Begin on March 9

The European Central Bank’s quantitative easing programme will be launched on March 9, with the purchase of some €1 trillion in euro area government bonds.“Following up on our decisions of 22 Ja [...]

Positive Developments: Unemployment Falls in Cyprus

The rate of unemployment in Cyprus recorded a modest decrease in January 2015, falling to 16.1% from 16.4% the previous month. Though a positive development, the figure still represents a higher propo [...]

Eurogroup

International Monetary Fund managing director Christine Lagarde, European Commissioner for Economic and Financial Affairs, Taxation and Customs, Pierre Moscovici, and Dutch Minister of Finance and Pr [...]

RICS Europe to Revise Code of Measuring Practice

The Royal Institution of Chartered Surveyors (RICS) launched its first ever international property measurement standards last year, entitled IPMS: Office Buildings. The first internationally adopted s [...]

Cyprus Airways grounded

The government reiterated on Friday that it had alternatives, whether the EU’s ruling on state aid for Cyprus Airways was negative or positive as the decision that could close the airline after 65 y [...]

Bad cheques down 2014, the Central Bank of Cyprus says

The number of bad cheques issued in 2014 decreased 27 per cent to 2,250 compared to 2013, the central bank said in a statement on its website today.

€10 million grant scheme for research and innovation

THE government on Monday announced a €10 million grant scheme earmarked for businesses investing in research and innovation.An energy ministry statement said the scheme aimed at supporting and bolst [...]

Revitalising the Capital: Mini Buses Ordered to Boost Visitation

In a bid to revitalise the historic centre of Nicosia, the city’s Municipality has revealed plans to purchase 13 mini buses to connect the capital’s centre with greater urban areas. As reported by [...]

Cyprus, Greece and Egypt in energy drive

Ministers of Cyprus, Greece and Egypt met in Nicosia on Tuesday to push forward their energy cooperation drive. Cyprus Energy Minister Yiorgos Lakkotrypis, Petroleum and Mineral Resources Minister of [...]

Cyprus property sales up in September

Property sales displayed a new increase in September albeit in the shadow of concerns of the repossessions bill. The number of submitted sales documents reached 373 in September, a 31% increase on the [...]

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