Most funds of the hundreds of Provident Funds operating in Cyprus are in depository accounts. According to latest figures, the Management Committees of the 1,744 funds operated in 2001 left 51.4% of...
Cooperatives are working hard in the past few months for the administrative and topographic restructuring of their branches. According to StockWatch sources, changes concern more than 150...
14/07/2005
The total US aid offered to Cyprus to create a climate that will lead to the reunification of the island will stand at $30 million. After latest reports on the three-year contract of $10 million...
14/07/2005
The borrowers’ turn to foreign currencies has changed things in the banking sector. The loans in foreign currency favour the commercial banks, which make the most of the advantage that they have...
13/07/2005
The tough competition was the winner of the battle among the twelve commercial banks and the cooperatives for the depositors’ capital in the first five months of 2005. According to StockWatch...
12/07/2005
The government said ‘no’ to the Cyprus Football Federations’ request to guarantee a loan for the payment of the football clubs’ debts. In an announcement released today, the Finance Ministry stated...
08/07/2005
According to CYSTAT data released on Thursday, total exports in January-May 2005 showed an increase of 20.9% to £258.6 million against £214 million in the corresponding period of 2004. Similarly,...
07/07/2005
Two thousand Cypriot certified accountants are expected to fight a battle against the eighth EU directive that will change thins in the accounting sector. The last draft of the eighth directive...
01/07/2005
The inflationary pressures on economy after the sharp increase in the price of oil worldwide have alarmed the Central Bank of Cyprus, which has to face the strong pound as well. The risk of an...
30/06/2005
Borrowers turned to foreign currency and loans in Cyprus pounds have dropped significantly, the Central Bank revealed on Tuesday. According to the latest review, the loans in foreign currency...
29/06/2005