The business world of Cyprus has expressed its concerns on the publication of the Central Bank confidential circular on the exposures of the commercial banks. In the circular, the Central Bank urges...
On a confidential circular sent recently to the management of the commercial banks, the Central Bank asks for stricter measures against big debtors. StockWatch sources reveal that the Central Bank...
08/09/2004
The government does not intend to support financially Cyprus Airways, Finance Minister, Makis Keravnos said on Monday. The offer of any financial aid must be approved by Brussels, which will...
06/09/2004
The Cyprus Airways staff is redundant and a fiscal consolidation in the airlines means the reduction in the number of the existing employees without their victimization, Transport Minister, Haris...
24/08/2004
Current account holders must think twice before they exceed their overdraft limit. The commercial banks decided to adopt the Central Bank strict directives that aim at reducing the bad debts and...
20/08/2004
So far, insurance agents used all their patience and persistence to convince us to “take out insurance”. From October, all would-be insurers must do so just to enter the sector. The Insurance...
19/08/2004
The picture about the prospective deal for the acquisition of Universal Life by a foreign company is becoming clearer. Few days after the enigmatic announcements of the Bank of Cyprus and the...
18/08/2004
The Investigation Committee continued its task on Wednesday with a confidential report on CLR Investment Fund, which outlines the course of the Company and ends up with interesting conclusions,...
14/07/2004
The operations of the Investigation Committee under Giorgos Stavrinakis on the management of Cyprus Airways by the former Board of Directors will start on July 28. Transport Minister, Haris Thrasou...
12/07/2004
The Social Securities Services announced on Thursday that pensions will not include an Automatic Wage Indexing increase from July 1. According to the announcement released today, each July pensions...
08/07/2004