Property sales increase in March

Properties sold in Cyprus in March increased by 31% compared with March 2014 with sales improving in all districts except for Famagusta. A total of 452 contracts for the sale of commercial and reside [...]

MARKET TRENDS
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BY OPulse Admin
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May 08 2015

Cyprus, Greece and Egypt sign Nicosia Decleration and pledge to increase their political and economic cooperation

Cyprus, Greece, and Egypt yesterday pledged to increase their political and economic cooperation to the benefit of their people and the wider region. In a tripartite summit that was received extensiv [...]

FINANCE
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BY OPulse Admin
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May 03 2015

Cyprus preparing for €1bln bond issue

Cyprus is preparing its second bond issue in less than a year in an effort to rebuild its finances following a bailout of its banking system in 2013. The country has hired a group of banks to arrange [...]

FINANCE
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BY OPulse Admin
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Apr 29 2015

Eurozone warns Greece no cash till full reform deal

Eurozone finance ministers delivered a stark warning to Greece on Friday that its leftist government will get no more aid until it agrees a complete economic reform plan, as Athens lurches closer to b [...]

FINANCE
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BY OPulse Admin
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Apr 24 2015

Hourican resigns citing personal reasons

Hourican joined the bank in October 2013, seven months after Cyprus’s banking crisis and chaotic bailout. He worked at the Royal Bank of Scotland until February 2013. He played a key role in Bank of [...]

MARKET TRENDS
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BY OPulse Admin
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Apr 21 2015

House passes insolvency bill, paves way for ECB to buy €500m bonds (update)

By George Psyllides AFTER weeks of heated debates, parliament on Saturday approved the insolvency framework, paving the way for resumption of the island’s bailout adjustment programme. The framewo [...]

FINANCE
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BY OPulse Admin
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Apr 19 2015

Villas at Limassol Marina now ready

The first exclusive villas at the Limassol Marina have been delivered to their owners. The Peninsula Villas are the only homes of their kind in the Mediterranean. Surrounded by the sea, they offer pri [...]

MARKET TRENDS
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BY OPulse Admin
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Apr 15 2015

Construction output drops in 2014

Data released by the Cyprus Statistical Service indicates that the construction sector saw its output drop almost 19% in the fourth quarter of 2014 year-on-year, coupled with a marginal 0.1% increase [...]

MARKET TRENDS
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BY OPulse Admin
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Apr 12 2015

Anastasiades says speculation on his absence is just conspiracy theories

President Nicos Anastasiades yesterday criticized MPs over a proposal by EDEK to postpone the House Plenary vote on the insolvency framework, originally scheduled for 17 April. Speaking to reporters [...]

FINANCE
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BY OPulse Admin
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Apr 10 2015

President Anastasiades announces all capital controls to be lifted on Monday

Cyprus will lift on Monday all the capital controls it imposed in 2013 amid a chaotic bailout, President Nicos Anastasiades said on Friday. "The lifting of the last restrictions marks the final resto [...]

FINANCE
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BY OPulse Admin
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Apr 04 2015