BusinessMail

• Hellenic Bank workers to hold strike on Friday

  3 hours ago Business Mail

  By Stelios Orphanides Bank workers union Etyk said Tuesday its board of directors “unanimously” decided to ask members at Hellenic Bank to...

• EU fines Google record $2.7 bln in first antitrust case

  6 hours ago Business Mail

  By Foo Yun Chee EU antitrust regulators hit Alphabet unit Google with a record 2.42-billion-euro ($2.7 billion) fine on Tuesday, taking a...

• Economic sentiment down in June, ERC says

  6 hours ago Business Mail

  By Stelios Orphanides The economic sentiment indicator declined by 0.8 points in June, to 117.6, as confidence in construction fell,...

• Cyprus Opportunity buys 10 Oil Fields in North Dakota

  8 hours ago Business Mail

  PRESS RELEASE The oil and gas exploration company Cyprus Opportunity is entering, for the first time, into oil drilling and production...

• Europe’s inequality highly destabilising, ECB’s Draghi says

  14 hours ago Business Mail

  By Balazs Koranyi Europe’s growing inequality is highly destabilising and needs to be tackled with education, innovation and investment...

• Three unions to strike on Tuesday at the co-op

  1 day ago Business Mail

  By Stelios Orphanides The members of three unions working at the bailed out Cooperative Central Bank will stage on Tuesday a three-hour...

• Q1 current account flips to a €721m gap, central bank says

  1 day ago Business Mail

  By Stelios Orphanides The Central Bank of Cyprus said that Cyprus’s current account deficit posted a €721.1m deficit in the first three months...

• Italian bond yields rise as EU approves state bailout of banks

  1 day ago Business Mail

  By Abhinav Ramnarayan Italian government bond yields rose on Monday after the European Commission approved the rescue of assets of two...

• Secondary market yields drop following latest bond issue

  1 day ago Business Mail

  By Stelios Orphanides Cyprus, which saw the secondary market yields of outstanding securities drop considerably over the past six months,...

• Central Bank of Cyprus expects economy to grow 3.1% in 2017

  4 days ago Business Mail

  By Stelios Orphanides The Central Bank of Cyprus said that it revised its 2017 economic growth forecast to 3.1 per cent in 2017 from a 2.8 per...

• CySEC fines 8 Laiki officials €1.1m

  4 days ago Business Mail

  By Stelios Orphanides The Cyprus Securities and Exchange Commission (CySEC) which supervises inter alia listed companies, said that it fined...

• Q1 jobless rate drops to 13.5% as economy adds 14k new jobs

  4 days ago Business Mail

  By Stelios Orphanides The unemployment rate dropped in the first quarter of the year to 13.5 per cent, which is 0.6 percentage points below...

• ICPAC announces composition of new board

  5 days ago Business Mail

  By Stelios Orphanides The members of the Institute of Certified Public Accountants of Cyprus (ICPAC), which supervises accounting firms,...

• Union authorised to take action by Hellenic Bank workers

  5 days ago Business Mail

  By Stelios Orphanides Bank workers’ union Etyk said that its members at Hellenic bank authorised it on Wednesday to take any necessary action...

• Bankers’ Alert: Bloom or Wither? Revolutionise or Rationalise?

  5 days ago Business Mail

  By Rennos Ioannides* There is a well-known axiom in the financial world which stipulates that no banking system, and as a matter of fact, no...

• PDMO exchanges maturing bonds worth €560m with new bond

  6 days ago Business Mail

  By Stelios Orphanides The Public Debt Management Office (PDMO) said that it exchanged €560m worth of securities maturing in 2019 and 2020 with...

• CIPA: Foreign investors still attracted by low taxes, put off by bureaucracy

  6 days ago Business Mail

  By Stelios Orphanides The Cyprus Investment Promotion Agency (CIPA), the government funded body tasked with helping attract investment from...

• Cypriot public debt held to 79% by non-residents, EU-highest

  6 days ago Business Mail

  By Stelios Orphanides Cyprus’s general government debt was held in 2016 to 79.4 per cent by non-residents, which is the highest in the...

• Judge Ioannides recused from Tanzanian liquidator’s application case (Update-1)

  6 days ago Business Mail

  (Updates with background in third paragraph) By Stelios Orphanides Nicosia District Court judge Ioannis Ioannides decided to recuse himself...

• Yield drops to 2.75% as Cyprus issues 7-year bond, Georgiades says

  1 week ago Business Mail

  By Stelios Orphanides Finance minister Harris Georgiades said that the government borrowed €850m on Tuesday with the issue of a 7-year bond at...