BusinessMail

• Harmonised inflation seen at 0.5% as hotels, resturants hike prices

  1 week ago Business Mail

  By Stelios Orphanides The harmonised consumer price index rose last month an annual 0.5 per cent mainly as the island’s hospitality industry...

• Sewerage boards not happy as Georgiades ready to discuss reduction of fees

  1 week ago Business Mail

  By Stelios Orphanides Finance Minister Harris Georgiades said that his ministry and the ministry of interior are prepared to engage in a...

• Brexit law passes hurdle in reprieve for British PM May

  1 week ago Business Mail

  By Kylie MacLellan and Elizabeth Piper Britain’s parliament backed a second reading of legislation to sever ties with the European Union...

• Company registrations down 10% in August, Registrar of Companies says

  1 week ago Business Mail

  By Stelios Orphanides The number of company registrations dropped an annual 10 per cent in August to 910, the lowest figure in two years, the...

• Trade deficit widens to €2.6bn in January to July, Cystat says

  1 week ago Business Mail

  By Stelios Orphanides Cyprus’s trade deficit from January to July widened 5.9 per cent to €2.6bn compared with the respective period last...

• Plastic money transactions rise 17% in August, JCC says

  1 week ago Business Mail

  By Stelios Orphanides The amount of transactions completed with the use of cards rose in August 17 per cent to €223.2m compared with the...

• Blocking EU repeal bill is vote for chaotic Brexit, minister warns UK lawmakers

  1 week ago Business Mail

  By Kylie MacLellan Refusing to back legislation to sever Britain’s political, financial and legal ties with the European Union would be...

• ECB policymakers agreed on stimulus cut at meeting-sources

  2 weeks ago Business Mail

  By Frank Siebelt, Balazs Koranyi and Francesco Canepa European Central Bank policymakers meeting on Thursday were in broad agreement their...

• Economy grows 3.6% in Q2, Cystat says

  2 weeks ago Business Mail

  By Stelios Orphanides Cyprus’s economy expanded an annual 3.6 per cent in the second quarter of 2017 compared to the respective quarter last...

• August saloon registrations up 29%, buyers opt for second-hand cars

  2 weeks ago Business Mail

  By Stelios Orphanides Saloon car registrations rose 29 per cent in August, to 2,645, compared to the respective month of 2016, the statistical...

• Vassiliko Cement posts €12.7m profit in H1

  2 weeks ago Business Mail

  By Stelios Orphanides Vassilico Cement Works Plc said that it generated a net profit of €12.7m in the first six months of 2017 against €12.1m...

• European shares rise after ECB keeps ultra-easy policy

  2 weeks ago Business Mail

  By Danilo Masoni European shares rose on Thursday after the European Central Bank reaffirmed its ultra-easy policy stance and said details on...

• Euro area economy grows 2.3% in Q2, as growth slows down in UK

  2 weeks ago Business Mail

  By Stelios Orphanides The euro area’s economy expanded in the second quarter an annual 2.3 per cent and 0.6 per cent compared to January to...

• Upgrading airports mulled by government, Hermes, Demetriades says

  2 weeks ago Business Mail

  By Stelios Orphanides Transport Minister Marios Demetriades said that Larnaca and Paphos airport operator Hermes Airports and the ministry of...

• RCB Bank Ltd expands to Larnaca

  2 weeks ago Business Mail

  PRESS RELEASE RCB Bank Ltd is pleased to announce that it has opened a branch in Larnaca as part of its strategy to expand its operations in...

• Total expects Greek parliament approval for offshore exploration -CEO

  2 weeks ago Business Mail

  By Angeliki Koutantou Total expects approval from the Greek parliament by the end of the year to explore for oil off the western coast of...

• August inflation seen at -0.2% on cheaper fruits and vegetables, Cystat says

  2 weeks ago Business Mail

  By Stelios Orphanides The consumer price index dropped 0.2 per cent in August compared with the respective month of 2016 mainly on more...

• Anti-foreclosure activists vow to avert auction of strategic defaulter’s mansion

  2 weeks ago Business Mail

  By Stelios Orphanides The movement against foreclosures said that it would mobilise on Thursday to thwart the scheduled auction of a...

• European University of Cyprus may be up for sale, report suggests

  2 weeks ago Business Mail

  By Stelios Orphanides Laureate Education Inc., the owner of the Nicosia-based European University of Cyprus (EUC), is considering selling its...

• H1 building permits up 36%, Cystat says

  2 weeks ago Business Mail

  By Stelios Orphanides The construction area of housing projects that obtained a building permit in the first half of the year rose an annual...