Property transactions up 39% in November

The number of property transactions in Limassol rose last month 29 per cent compared to November 2016 to 321, the land department said. Source: Cyprusmail

MARKET TRENDS
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BY Elena Economou
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Dec 05 2017

BOCH: Deal with Pepper for €800 mn NPLs

The Board of the Bank of Cyprus (the “Bank”) has approved the engagement of Pepper Cyprus Limited (“Pepper”), a fully owned subsidiary of Pepper Europe (UK) Limited, to assist the Bank in reso [...]

FINANCE
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BY Elena Economou
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Dec 04 2017

Glimmer of hope for Cyprus to export its gas to Egypt

Cyprus’ gas discovery in Block 12 has remained stranded since 2012 with no outcome in sight. The Aphrodite natural gas field off Cyprus is commercially viable and the field could produce 300 billio [...]

MARKET TRENDS
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BY Elena Economou
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Dec 03 2017

Co-op posts net loss of €63m in first nine months as police completes probe

The bank, which in 2014 and 2015 received almost €1.7bn in taxpayers’ money in the form of capital injection, reported a drop in non-performing loans which declined to €6.7bn from €7.2bn in De [...]

FINANCE
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BY Elena Economou
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Nov 30 2017

The One Paint Color That Can Increase the Value of Your Home by Thousands

Speaking to Mail Online, Gimson explained that ivory is timeless, classic and versatile. She believes that ivory walls have the power to make a home look more expensive, while at the same time provid [...]

TIPS & ADVICE
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BY Elena Economou
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Nov 29 2017

EBA: Increase in coverage will reduce NPLs

European Banking Authority (EBA) expects that the increase in coverage ratios in Cyprus may lead to a higher reduction in Non Performing Loans (NPLs) in the following quarters, something that was also [...]

FINANCE
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BY Elena Economou
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Nov 28 2017

Moody’s says economy still “susceptible to every risk”

“We expect a decline in the debt-to-GDP ratio to close to 100 per cent by the end of this year. The country has regained capital market access and has a cash buffer, which will help to cover financi [...]

FINANCE
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BY Elena Economou
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Nov 27 2017

BOC announces €553m net loss, real estate fund to reduce NPLs

BoC said it also received regulatory approval to set up a real estate fund and have it listed on the Cyprus Stock Exchange. It includes €729m in provisioning charges, up 173 per cent, €38m in imp [...]

FINANCE
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BY Elena Economou
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Nov 21 2017

New record for tourist arrivals

October saw the highest number of tourist arrivals in Cyprus ever recorded in the tenth month of the year, the Statistical Service of Cyprus reported on Friday. Cystat announced that on the basis of [...]

MARKET TRENDS
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BY Elena Economou
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Nov 20 2017

Cyprus’s advantages at London conference

The competitive advantages that Cyprus offers to investors are the subject of a conference being held in central London, attended by the Presidential Commissioner Photis Photiou, a number of entrepren [...]

MARKET TRENDS
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BY Elena Economou
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Nov 17 2017