BusinessMail

• Administrative Court cancels watchdog’s €18.1m fine on BOC

  15 hours ago Business Mail

  By Stelios Orphanides The Administrative Court cancelled a decision of the competition watchdog to fine JCC Payment Systems €1.7m and Bank of...

• Supreme Court affirms ruling barring CBC from liquidating FMBE

  19 hours ago Business Mail

  By Stelios Orphanides The Supreme Court rejected on Thursday the Central Bank of Cyprus’s (CBC) appeal against a first instance ruling banning...

• Georgiades says compliance to standards key in exploiting opportunities

  1 day ago Business Mail

  By Stelios Orphanides Finance Minister Harris Georgiades said that the Cyprus’s reputation as a financial centre needs to be further improved...

• CySEC asks Hellenic Bank to further explain Co-op deal

  1 day ago Business Mail

  By Stelios Orphanides The Cyprus Securities and Exchange Commission (CySEC) said that it requested from Hellenic Bank the issue of a...

• CEO says regulator forced Co-op into Altamira, Citi deals

  1 day ago Business Mail

  By Stelios Orphanides The chief executive officer (CEO) of the Cyprus Cooperative Bank Nicholas Hadjiyiannis has said the bank was compelled...

• Sale of Co-op operations not state aid, EU Commission says

  2 days ago Business Mail

  By Stelios Orphanides The European Commission said on Tuesday it approved the government’s decision to inject additional public funds into the...

• Central Bank tells banks to ditch shell companies

  3 days ago Business Mail

  By Stelios Orphanides The Central Bank of Cyprus is tightening rules against money laundering by asking supervised banks to avoid business...

• Hellenic to triple balance sheet by paying Co-op €74m

  3 days ago Business Mail

  By Stelios Orphanides Following the formal approval by the Cyprus Cooperative Bank’s shareholders of Hellenic Bank’s proposal to acquire its...

• CEB’s Wenzel encourages Anastasiades to do more on NPLs

  3 days ago Business Mail

  By Stelios Orphanides The governor of the Council of Europe Development Bank (CEB) Rolf Wenzel said on Monday that the lender will continue...

• Tourist arrivals up 7.6% despite slump in number of Russians

  3 days ago Business Mail

  By Stelios Orphanides Tourist arrivals rose in May by 7.6 per cent to 450,955 compared to the respective month of 2017 as secondary markets...

• Demetra, Logicom shares suspended from CSE trading

  3 days ago Business Mail

  By Stelios Orphanides Demetra Investment, owner of 10.1 per cent of Hellenic Bank’s shareholding, and software developer Logicom Public Ltd,...

• Politics may prevent state from collecting from Co-op NPLs

  3 days ago Business Mail

  By Stelios Orphanides Political considerations prevented the state-owned Cyprus Cooperative Bank from collecting from borrowers not servicing...

• Co-op receives revised bid from Hellenic Bank

  6 days ago Business Mail

  Βy Stelios Orphanides The Cyprus Cooperative Bank said Friday that it received a “revised proposal” from Hellenic Bank which a month ago...

• Missing Russian fund manager believed to be in Cyprus, Bloomberg reports

  6 days ago Business Mail

  By Stelios Orphanides German Lillevyali, a Russian fund manager with an Estonian passport who has disappeared leaving investors fearing for...

• Golden visa supervisor to start accepting applications from providers

  6 days ago Business Mail

  By Stelios Orphanides The ministry of finance said Friday that a committee for the supervision and control of the government’s...

• Harmonised inflation rate seen at 1% in May, Cystat says

  6 days ago Business Mail

  By Stelios Orphanides The harmonised consumer price index rose in May an annual 1 per cent compared to a year before mainly on more expensive...

• Court vindicates Laiki bondholder, compensation source unknown

  6 days ago Business Mail

  By Stelios Orphanides A Cypriot court has ruled in favour of a bondholder, who had been talked into investing his deposits in contingent...

• Hellenic-Co-op deal to require €1.5bn in government bonds

  1 week ago Business Mail

  By Stelios Orphanides Hellenic Bank will receive almost €1.5m in government bonds as part of the agreement to acquire the Cyprus Cooperative...

• Vacancies up 11% in Q1, Cystat says

  1 week ago Business Mail

  By Stelios Orphanides The number of vacancies in the economy rose an annual 11 per cent in the first quarter, to 3,761, and by 497 compared to...

• ECB to end bond buys, keep rates steady through next summer

  1 week ago Business Mail

  By Balazs Koranyi and Francesco Canepa The European Central Bank said on Thursday it will end its unprecedented bond purchase scheme by the...