The commercial banks decided to introduce stricter criteria for the loans granted to property investors and developers, increasing their charges. The international credit crunch and the drop in the...
Cypriot commercial banks expect to boost their overseas operations following a decision by the Cyprus Central Bank to ease the minimum liquidity reserve requirement in foreign currencies. In a...
22/08/2008
Monarch Airlines launched a new Larnaca – Birmingham itinerary from March, promoting Cyprus’s accessibility via air connections. In an announcement released today, the CTO said that the flights...
22/08/2008
According to KBW, net profit of Marfin Popular Bank is expected to reach €118 million in the second quarter of the year. “The market will focus on margins and the recovery from the short-term...
22/08/2008
The Fuel Price Observance Committee held an extraordinary meeting at the Commerce Ministry on Friday, attended by the Energy Manager, Solon Kasinis, who is also a member in it. Commerce Minister,...
22/08/2008
Former Finance Minister, Michalis Sarris, has been appointed in the Board of Directors of Logicom. According to an announcement released today, the Company also appointed Mr. Giorgos Papaioannou,...
22/08/2008
The major issues in today’s financial press are the simmering dispute between the Finance Ministry and the Central Bank, the tourists’ trend to visit Cyprus without the intervention of tour operators...
22/08/2008
The Finance Ministry and the Central Bank of Cyprus are in a state of dispute for the competencies of the supervisory authority in the after-EMU-era. In the past few weeks, the CB lost the...
22/08/2008
According to an official announcement released today, the Fuel Price Observatory Committee will meet on Friday to examine and evaluate the level of fuel prices, as the Commerce Ministry instructed...
21/08/2008
The new EU directive Solvency II, which will become effective by 2012, is expected to enforce several insurance companies to close. The directive, which will impose new stricter rules in capital...
21/08/2008