BusinessMail

• Property values, rents rise in Q1, RICS says

  2 hours ago Business Mail

  By Stelios Orphanides House and flat prices rose a quarterly 2.3 per cent and 1.3 per cent in January to March respectively, a sign that even...

• Italy leads euro zone bond selloff as data heightens taper jitters

  3 hours ago Business Mail

  By Dhara Ranasinghe and John Geddie Euro zone bond yields rose on Wednesday, with Italian yields hitting 3-1/2-week highs, as data showing...

• The Aragonese, the subsidies, the Sicilian Vespers and the unions

  4 hours ago Business Mail

  By Stelios Orphanides Emperor Michael VIII, Palaiologos, was very fortunate to be the first of his dynasty to rule the Byzantine empire from...

• Co-op to hire global investment banks to help with capital increase

  8 hours ago Business Mail

  By Stelios Orphanides The state-owned Cyprus Cooperative Bank is considering hiring at least one globally operating investment bank to assist...

• Other banks may also have to increase provisions, economist says

  1 day ago Business Mail

  By Stelios Orphanides The Bank of Cyprus’s decision to increase its provisions for loan impairments on Monday was expected, said an economist,...

• Compensating provident funds increases systemic risk, Fiscal Council says

  1 day ago Business Mail

  By Stelios Orphanides The Fiscal Council said the government decision to increase the compensation to provident funds that lost money in the...

• BOC to raise provisions by €0.5bn in H1, sees no need for fresh capital

  1 day ago Business Mail

  By Stelios Orphanides Bank of Cyprus, the island’s largest lender, has said that it will post a loss of €550m in its half-year results as a...

• Sparring over Co-op pointless unless NPLs come down, CBC official says

  2 days ago Business Mail

  By Stelios Orphanides The state-owned Cyprus Cooperative Bank (CCB) will first increase its capital via a planned share issue before the...

• Shell considers pumping Cypriot, Israeli gas to Egypt, Bloomberg reports

  2 days ago Business Mail

  By Stelios Orphanides Royal Dutch Shell Plc said it is considering buying natural gas from Israel’s Leviathan field and market it together...

• Record arrival figures a credit positive for banks, Moody’s says

  2 days ago Business Mail

  By Stelios Orphanides The record-high tourist arrivals, which rose an annual 15 per cent over the past 7-month period edging 2 million is a...

• Barcelona attack dents travel stocks as global sell-off spreads to Europe

  5 days ago Business Mail

  By Helen Reid European travel stocks fell sharply in early trading on Friday after a deadly attack in tourist hotspot Barcelona, with...

• Investors sell stocks, dollar on fears Trump agenda is foundering

  5 days ago Business Mail

  By Nichola Saminather Asian stock investors joined a global retreat from riskier assets on Friday and the dollar wavered on rising doubts...

• July tourist arrivals up 10% first time exceeding 500k mark in a month

  6 days ago Business Mail

  By Stelios Orphanides The number of tourist arrivals exceeded for the very first time the half-a-million mark when they rose in July 10 per...

• Ireland says EU demand that Apple pay it 13 bln euros in back taxes unjustified

  6 days ago Business Mail

  By Thomas Escritt Ireland’s finance minister said the European Commission’s demand that Dublin collect up to 13 billion euros...

• Euro area economy grows 2.2% in Q2, Eurostat says

  1 week ago Business Mail

  By Stelios Orphanides The euro area’s economy expanded a seasonally adjusted 2.2 per cent in the second quarter of the year against 1.9 per...

• Britain seeks Brexit without borders for Northern Ireland

  1 week ago Business Mail

  By William James There should be no border posts between Ireland and the British province of Northern Ireland after Brexit, Britain said in an...

• Hotel occupancy ratios in Paphos improved over mid-August

  1 week ago Business Mail

  By Stelios Orphanides The occupancy ratio at hotels in Paphos over the mid-August holidays is high and improved compared to last year, the...

• General government budget posts €138.4m fiscal gap in Q2

  1 week ago Business Mail

  By Stelios Orphanides The general government generated a fiscal deficit of €138.4m in the second quarter after posting a €200.9m surplus in...

• With Q2 growth at 3.6%, ‘efforts paying off,’ Georgiades says (Update-1)

  1 week ago Business Mail

  By Stelios Orphanides Cyprus’s economy expanded 3.6 per cent in the second quarter of the year compared to the respective period of 2016 and a...

• BoC terminated Manafort accounts ahead of US election campaign

  1 week ago Business Mail

  By Stelios Orphanides As the investigation into possible ties between the campaign of US President Donald Trump and Russia moved forward on...