New plan to subsidise home solar systems

“The subsidy covers one fifth of the total installation cost of a 4 kW solar power system, which is estimated to run about 5 or 5 thousand euro,” Eracleous said. “This means that the installati [...]

MARKET TRENDS
|
BY OPulse Admin
|
Mar 12 2019

“Glaucus” recoverability expected to be very high

Cypriot Minister of Energy Yiorgos Lakkotrypis said Wednesday that the quality of the reservoir found in Block 10 of Cyprus Exclusive Economic Zone (EEZ) allows optimism that the r [...]

MARKET TRENDS
|
BY OPulse Admin
|
Mar 08 2019

ExxonMobil makes biggest natural gas discovery in two years off the coast of Cyprus

ExxonMobil announced on Thursday that it has made the world's third biggest natural gas discovery in two years off the coast of Cyprus in the Eastern Mediterranean. ·

MARKET TRENDS
|
BY OPulse Admin
|
Mar 07 2019

Central Banks calls for vigilance over rising housing prices

The Central Bank of Cyprus (CBC) on Tuesday called for vigilance and close monitoring of the rising prices in housing particularly in Limassol pushed by the Cyprus Citizenship by I [...]

MARKET TRENDS
|
BY OPulse Admin
|
Mar 06 2019

Hourican to leave from Bank of Cyprus in September

Bank of Cyprus Holdings Public Limited Company and Bank of Cyprus Public Company Limited announce that last evening its Group Chief Executive Officer, Mr John Patrick Hourican, inf [...]

FINANCE
|
BY OPulse Admin
|
Mar 05 2019

President: Cyprus is now on the international energy sector map

Cyprus President, Nicos Anastasiades, has expressed satisfaction over the results of the first phase of the exploration programme, in Block 10 of the Republic of Cyprus Exclusive E [...]

MARKET TRENDS
|
BY OPulse Admin
|
Mar 04 2019

Cyprus and Russia sign protocol to develop cooperation

A protocol to further strengthen relations between Cyprus and Russia as well as to develop cooperation in a number of fields including economy, commerce, research and innovation, tourism, energy and m [...]

MARKET TRENDS
|
BY Elena Economou
|
Mar 01 2019

Retail trade up by 5.4% in 2018

Both retail trade’s turnover value and volume were up by 5.4% in 2018, according to provisional estimates published on Monday by the Cyprus Statistical Service. In particular, on th [...]

MARKET TRENDS
|
BY Elena Economou
|
Feb 26 2019

The message for BoC’s ‘Helixed’ customers

A LATE-NIGHT announcement by Bank of Cyprus last Tuesday threw a good deal of light on the goings on in the bank’s progress in 2019. The announcement covered three issues: Capital Requirements, Heli [...]

FINANCE
|
BY Elena Economou
|
Feb 25 2019

Fund managers take the lion’s share in 15-year bond issuance

Fund Managers took the lion’s share in the issuance of the first ever 15-year bond by Cyprus, with 55% of the allocations, followed by banks (20%) and insurance and pension funds [...]

FINANCE
|
BY Elena Economou
|
Feb 22 2019