MARKET TRENDS

Google Bans Crypto Mining Extensions From Web Store After ‘90%’ Disregard Policies

The term refers to when users downloading an extension of any sort unwittingly start mining cryptocurrency without their consent. Only one in ten extensions involved in mining adhere to Chromium’s [...]

BY Elena Economou
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Apr 04 2018

Private sector indebtedness still a concern, IMF says

Despite the sizable and sustained improvement in the island’s economy, private sector indebtedness remained high, putting pressure on banks and limiting new lending, the International Monetary Fund [...]

MARKET TRENDS
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BY Elena Economou
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Mar 31 2018

FinMin: Investor interest for Cyprus Cooperative Bank significant

Finance Minister Harris Georgiades has said that investor interest for the Cyprus Cooperative Bank is significant.Georgiades who was replying on Wednesday evening to a question on the matter after a [...]

MARKET TRENDS
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BY Elena Economou
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Mar 30 2018

Energy programme proceeding as planned, president tells oil and gas forum

Cyprus is promoting three projects that were selected by the European Commission as projects of common interest, because of their benefits to the European energy market, President Nicos Anastasiades s [...]

MARKET TRENDS
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BY Elena Economou
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Mar 28 2018

A big find by ExxonMobil would “change the equation” for the region

A big find by ExxonMobil in block 10 of Cyprus’ Exclusive Economic Zone would “change the equation for the region in a big way” former chairman of the Cyprus National Hydrocarbons Company and na [...]

MARKET TRENDS
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BY Elena Economou
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Mar 26 2018

Cyprus, UK sign updated double taxation treaty

Cyprus and the UK on Thursday signed an updated agreement on double taxation avoidance on income and capital, which will contribute to further develop commercial and financial relations between the tw [...]

MARKET TRENDS
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BY Elena Economou
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Mar 23 2018

Strong economic growth a credit positive for banks, Moody’s says

Strong economic growth – the highest growth rate since 2008 – is credit positive for Cypriot banks Moody’s ratings agency said on Thursday, noting however that despite the growth reduction of no [...]

MARKET TRENDS
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BY Elena Economou
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Mar 16 2018

MPs determined to act over title deed fiasco

In the absence of tangible government action, main opposition Akel said on Wednesday it will be preparing two proposals designed to iron out kinks in a 2015 law that sought to sort out the title deed [...]

MARKET TRENDS
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BY Elena Economou
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Mar 15 2018

Lakkotrypis confirms Shell’s interest to buy Cypriot gas

The minister said Cyprus was “close to a deal,” relating to talks to sell gas to one of the two liquefaction plants on Egypt’s Mediterranean coast via pipeline, without revealing additional deta [...]

MARKET TRENDS
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BY Elena Economou
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Mar 14 2018

Cyprus ready for scrutiny of Golden Visa scheme says Georgiades

The scheme allows foreign investors to acquire Cypriot citizenship within months by investing as little as €2m in assets or companies, including real estate. Until September 2016, when the cabinet m [...]