Cyprus Airways grounded

The government reiterated on Friday that it had alternatives, whether the EU’s ruling on state aid for Cyprus Airways was negative or positive as the decision that could close the airline after 65 y [...]

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BY OPulse Admin
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Jan 09 2015

Anastasiades to Coordinate Further Foreclosure Discourse

President of the Republic Nicos Anastasiades is expected to further assess the controversial foreclosures bill whose implementation has been suspended until January 31, in a meeting later today with M [...]

FINANCE
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BY OPulse Admin
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Jan 05 2015

Bad cheques down 2014, the Central Bank of Cyprus says

The number of bad cheques issued in 2014 decreased 27 per cent to 2,250 compared to 2013, the central bank said in a statement on its website today.

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BY OPulse Admin
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Jan 02 2015

€10 million grant scheme for research and innovation

THE government on Monday announced a €10 million grant scheme earmarked for businesses investing in research and innovation.An energy ministry statement said the scheme aimed at supporting and bolst [...]

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BY OPulse Admin
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Dec 30 2014

Banking system’s NPL ratio rises to 49% in October, Central Bank of Cyprus says

A month earlier, the NPL ratio was 48.5 per cent while in October last year it was 38.5 per cent the central bank said in a statement on its website. The respective amounts in all banks and cooperativ [...]

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BY OPulse Admin
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Dec 28 2014

Revitalising the Capital: Mini Buses Ordered to Boost Visitation

In a bid to revitalise the historic centre of Nicosia, the city’s Municipality has revealed plans to purchase 13 mini buses to connect the capital’s centre with greater urban areas. As report [...]

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BY OPulse Admin
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Dec 26 2014

Several ‘fat cats’ applied for GMI

By Elias Hazou PEOPLE with fat bank accounts, as well as owners of immovable property worth hundreds of thousands, were among those applying for guaranteed minimum income (GMI), labour minister Zeta [...]

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BY OPulse Admin
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Dec 24 2014

Final decision on criminal charges for BoC staff expected Wednesday

By Elias Hazou The Attorney-general’s office will on Wednesday reach a final decision on filing criminal prosecutions against a number of ex-officials at the Bank of Cyprus, the Cyprus Mail has lea [...]

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BY OPulse Admin
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Dec 17 2014

Cyprus’ Recovery Can Be Facilitated Through Investing in BoC, Says CEO

Today, December 16, will see the relisting of Bank of Cyprus (BoC) shares on both the Cyprus Stock Exchange (CSE) and the Athens Stock Exchange (ATHEX). The bank will relist on both bourses after a 21 [...]

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BY OPulse Admin
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Dec 16 2014

Ministers approve insolvency bills (By Nigel Howarth)

The Council of Ministers has approved two of the five bills relating to the insolvency framework, but they will almost certainly be contested by opposition parties when they are discussed. ACCORDIN [...]

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BY OPulse Admin
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Dec 13 2014