Cut internet cables slow down service

Some internet users in Cyprus were faced with slower internet on Friday after two underground cables were cut a day earlier. Providers were quick to move towards fixing the problem when the Alexander [...]

MARKET TRENDS
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BY Elena Economou
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Jan 20 2018

Applications for registration of new companies increase

The number of applications for the registration of new companies in Cyprus increased for the fourth consecutive year in 2017, according to the Department of the Registrar of Companies and Official Rec [...]

MARKET TRENDS
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BY Elena Economou
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Jan 19 2018

Bitcoin Watchers Are Blaming the Slump on the Moon(Video)

If regulatory concerns aren’t enough to explain Bitcoin’s 50 percent slump from its record high reached last month, how about blaming it on the moon? The Lunar New Year, which marks the first day [...]

MARKET TRENDS
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BY Elena Economou
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Jan 17 2018

Government trying to expedite title deeds problems’

The government is trying to expedite a bill hoping to resolve the “very important” title deeds issue, Interior Minister Constantinos Petrides said on Tuesday as he cautioned that it was a complex [...]

MARKET TRENDS
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BY Elena Economou
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Jan 17 2018

Tallest hotel in the world set to open in Dubai

The world’s tallest hotel is getting ready to open in Dubai, consisting of a whopping 75 floors and measuring 356 metres in height, as confirmed by the property to Time Out Dubai. The Gevora [...]

EYE CANDY
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BY Elena Economou
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Jan 16 2018

Building permits up 32% in first 10 months of 2017

The permits provide for the construction of 1,949 new detached houses, 26 per cent more compared to January to October 2016, Cystat said. The number of semi-detached houses to be built rose 23 per cen [...]

MARKET TRENDS
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BY Elena Economou
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Jan 15 2018

Cyprus, Israel falling behind Egypt in energy prospects

In the East Med, 2017 was a year during which Israel and Cyprus said a lot but achieved little, while Egypt said less but achieved most. 2017 was a good year for Egypt. It secured a $12 billion loan [...]

MARKET TRENDS
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BY Elena Economou
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Jan 15 2018

BOC Asset Management launches first mutual fund

Bank of Cyprus (BOC), the island’s largest lender, said that its BOC Asset Management (BOCAM) unit launched operations on December 1, with the introduction of a mutual fund. The BOC European Equity [...]

FINANCE
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BY Elena Economou
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Jan 13 2018

EIB signed new loan agreements with CCB and Hellenic Bank

The European Investment Bank (EIB) signed yesterday with Hellenic Bank and the Cyprus Cooperative Bank (CCB) two new loan agreements of €40 million and €25 million respectively aiming to provide C [...]

FINANCE
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BY Elena Economou
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Jan 12 2018

The biggest casino-resort in Europe to operate in Cyprus by 2021

“City of Dreams Mediterranean”, an integrated casino resort, considered to be the one of its kind in Europe will be operational by 2021, generating an annual contribution of €700 million to the [...]

MARKET TRENDS
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BY Elena Economou
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Jan 11 2018