Bank of Cyprus ashamed over past practices

THE Bank of Cyprus new management said it feels ashamed over the bank’s past lending practices that brought Cyprus’ largest lender at the brink of collapse. As part of the €10 billion bailout fi [...]

FINANCE
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BY OPulse Admin
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Dec 08 2014

Keeping warm this winter

Energy is the talk of the age for a number of reasons, but this time around we won’t talk geopolitics or regional policy games, but simply keeping warm. Given the tough economic conditions for h [...]

TIPS & ADVICE
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BY OPulse Admin
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Dec 07 2014

Crucial Thursday meeting on Cyprus economy’s destruction

Organised at the request of Attorney General Costas Clerides, a meeting at Nicosia’s Conference Centre on Thursday will examine the progress of ongoing inquiries into the cause of the destruction of [...]

FINANCE
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BY OPulse Admin
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Dec 05 2014

Cyprus signs tax agreement with US

Cyprus and the US on Tuesday signed in Nicosia a Foreign Account Tax Compliance Act agreement aiming to ensure full reporting of foreign financial assets held by American taxpayers. This will greatl [...]

FINANCE
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BY OPulse Admin
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Dec 03 2014

Long term residency application changes

The Civil Registry and Migration Department on Friday announced new procedures for third party nationals’ acquisition, renewal or reacquisition of a long term resident permit. According to an offici [...]

FINANCE
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BY OPulse Admin
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Nov 30 2014

Cyprus, Greece and Egypt in energy drive

Ministers of Cyprus, Greece and Egypt met in Nicosia on Tuesday to push forward their energy cooperation drive. Cyprus Energy Minister Yiorgos Lakkotrypis, Petroleum and Mineral Resources Ministe [...]

MARKET TRENDS
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BY OPulse Admin
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Nov 27 2014

Ackermann takes helm of Bank of Cyprus

Former Deutsche Bank chief Josef Ackermann has been named the new chairman of bailed-out Cyprus' biggest bank. The shareholders' and board votes on Thursday come after the Bank of Cyprus passed a Euro [...]

FINANCE
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BY OPulse Admin
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Nov 21 2014

Moody's upgrades BoC deposit ratings

Moodys Investors Service has upgraded Bank of Cyprus’ (BoC) long-term deposit ratings to Caa3 from Ca with stable outlook and the provisional senior unsecured programme rating to (P)Caa3 from (P)Ca, [...]

FINANCE
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BY OPulse Admin
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Nov 19 2014

Cyprus property sales up in September

Property sales displayed a new increase in September albeit in the shadow of concerns of the repossessions bill. The number of submitted sales documents reached 373 in September, a 31% increase on the [...]

MARKET TRENDS
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BY OPulse Admin
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Nov 15 2014

Investors Express Interest in Limassol Port Privatisation

International investors have shown significant interest in the privatisation of Limassol Port, Minister of Communications and Works Marios Demetriades revealed yesterday. Commenting on the sidelines [...]

FINANCE
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BY OPulse Admin
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Nov 14 2014