BusinessMail

• Economy expands 3.9% in Q4, Cystat says

  9-3-2018 Business Mail

  By Stelios Orphanides Cyprus’s economy expanded in the fourth quarter of last year per cent compared to the respective three-month period of...

• Government starts repaying €2.5bn Russian loan

  8-3-2018 Business Mail

  By Stelios Orphanides Cyprus last week paid 312.5m to the Russian Federation as a first instalment of a €2.5bn loan agreed more than six years...

• Saloon registrations up 28% in February

  8-3-2018 Business Mail

  By Stelios Orphanides The number of saloon registrations rose 28 per cent in February, to 3,025, compared to the respective month of 2017, the...

• Limassol Boat Show 2018 – Preparations underway

  8-3-2018 Business Mail

  PRESS RELEASE Following the show’s success over the last three years, Limassol Marina, in association with Dacor Advertising and Media Ltd,...

• Agreement to link Cyprus, Egypt, Greece via undersea cable signed

  8-3-2018 Business Mail

  By Stelios Orphanides Cyprus and Egypt have agreed on the route of a 1,707-kilometre sub-sea power cable that will link the grids of the two...

• Commission names and shames Cyprus for aggressive tax planning

  7-3-2018 Business Mail

  By Stelios Orphanides The European Commission said that Cyprus is among seven member states facilitating aggressive tax planning and does so...

• European Commission says current growth opportunity for reforms

  7-3-2018 Business Mail

  By Stelios Orphanides The European Commission said Cyprus’s economic growth offers an opportunity for the island to address excessive...

• Laiki gets offer for stake in Malta’s Lombard Bank

  7-3-2018 Business Mail

  By Stelios Orphanides The administrator of the defunct Cyprus Popular Bank has received an offer from a Maltese fund to buy its stake in...

• BOC workers authorise Etyk to strike over “unreasonable” demands

  6-3-2018 Business Mail

  By Stelios Orphanides The members of Etyk working for Bank of Cyprus authorised on Monday the union to strike in a dispute over an alleged...

• Property transactions up 46% in February

  5-3-2018 Business Mail

  By Stelios Orphanides Property transactions rose 46 per cent to 666 in February compared to the respective month of 2017, mainly on strong...

• Number of unemployed drops in February

  5-3-2018 Business Mail

  By Stelios Orphanides The number of registered jobless fell last month 19 per cent to 34,204 compared to the respective month of 2017 and by...

• Revenue from tourism up 12% to €2.6bn record

  5-3-2018 Business Mail

  By Stelios Orphanides Revenue from tourism rose last year 12 per cent to €2.6bn to an all-time high, aided by a 15 per cent increase in...

• Watchdog says passport sale saps fight vs. corruption, laundering

  5-3-2018 Business Mail

  By Stelios Orphanides Anti-corruption watchdog Transparency International said that schemes rewarding investors with residence permit and...

• Vekselberg asked permission to increase BoC stake to over 10%

  5-3-2018 Business Mail

  By Stelios Orphanides Russian investor Viktor Vekselberg applied for permission to further increase his stake in Bank of Cyprus before the...

• Capital Intelligence affirms Cyprus’s rating, outlook placed on positive

  3-3-2018 Business Mail

  By Stelios Orphanides Capital Intelligence, the Limassol-based rating company, said that it affirmed Cyprus’s long-term and short-term foreign...

• Sale of passport dictated by circumstances, now obsolete, economist says

  2-3-2018 Business Mail

  By Stelios Orphanides When Cyprus’ fiscal and banking crisis culminated in the March 2013 bailout agreement, its economic prospects were at...

• Government spokesman says full employment likely matter of time

  2-3-2018 Business Mail

  By Stelios Orphanides Government spokesman Prodromos Prodromou said that the ongoing improvement in economic conditions in Cyprus has allowed...

• Greek-Russian media owner visits Cyprus sparking speculation

  2-3-2018 Business Mail

  By Stelios Orphanides Ivan Savvidi, a Russian businessman of Greek descent, is considering investing in Cyprus, including in the area of mass...

• NPLs fall to €21.1bn or 43.7% in November, CBC says

  2-3-2018 Business Mail

  By Stelios Orphanides Delinquent loans in the Cypriot banking system fell in November by €284.2m in a month and by almost ten times as much in...

• Consumer prices drop 0.3% in February, Cystat says

  1-3-2018 Business Mail

  By Stelios Orphanides The consumer price index fell in February by 0.3 per cent compared with the respective month of 2017 as a general drop...