The international credit rating firms seem to be positive to the three-way merger of Marfin Financial Group, Laiki Group and Egnatia Bank. In a report released on Monday, Moody’s affirmed Cyprus...
Cyprus and Bulgaria have developed closer commercial bonds and are expanding their economic relations with the establishment of the Cyprus-Bulgarian Business Association. The General Meeting of the...
28/09/2006
The banking system in Cyprus attracts more and more foreign depositors lately, since in the past twelve months the inflow of currency in depository accounts stood at £2 million. The impressive...
22/09/2006
Central Bank Governor, Christodoulos Christodoulou, will fly to Singapore on Sunday to attend the Annual General Meeting of the International Monetary Fund and the World Bank to take place on...
15/09/2006
According to a study of the Economic Research Center of the University of Cyprus signed by Dr. Theodoros Zachariades, the consumption of electricity in Cyprus will be tripled in the next 25 years...
14/09/2006
The 38th meeting of the European Central Bank General Council to take place on Thursday will deal with the review of the monetary, fiscal and other economic developments of the EU member states. The...
13/09/2006
According to the official figures of the Finance Ministry’s Benefit Service obtained by StockWatch, £141 million were allocated in the form of benefits and granting to 155 thousand families or...
12/09/2006
The Cyprus Chamber of Commerce and Industry in cooperation with the Ministry of Commerce organized seminars in Madrid and Barcelona on September 18-22 to promote Cyprus as International Center of...
12/09/2006
According to CYSTAT data released on Friday, tourist revenues in July 2006 recorded an increase of 10.6% to £155 million against £140.1 million in the corresponding month of 2005. In January-July,...
08/09/2006
In its latest report for Cyprus, the Economist Intelligence Unit (EIU) revised up its forecasts for growth in Cyprus in 2007. According to the report, the EIU expects a GDP growth of 3.8% in 2007...
08/09/2006