Central Bank Governor: Banks need to do more about NPL's

Central Bank Governor: Banks need to do more about NPL’s

Central Bank of Cyprus (CBC) Governor Constantinos Herodotou called on the Cypriot banks to step up their efforts to further reduce non-performing loans (NPLs) as the current conducive environment remains in place. Addressing a conference...
Cyprus President outlines eleven reform proposals

Cyprus President outlines eleven reform proposals

Cyprus President Nicos Anastasiades outlined on Monday the government’s eleven reform proposals calling on the political parties to support their implementation which “would yield new prospects and new momentum to the business activity.” Addressing the...
Nine-month 2019 profit after tax of €89.4 million for Hellenic Bank

Nine-month 2019 profit after tax of €89.4 million for Hellenic Bank

The robustness and solidity of the enlarged Hellenic Bank is demonstrated by its nine-month financial results for 2019, according to a press release presenting profit after tax of €89.4 million. It also notes that it...
NPFs drop a further €175 million in July-September 2019, Central Bank says

Cyprus had the highest stock of non-performing assets of general government, with 32.4% of...

In 2018, Cyprus became the country with the highest stock of non-performing loans (assets) of general government, with 32.4% of GDP, far ahead of the other EU Member States, according to data released today...
An offline route to an online business

An offline route to an online business

Aren’t you amazed when you hear people are succeeding online? Nowadays we feel we can burst forth towards our success on our own. Ruminate on what type of online business you would fancy doing,...

Revolut and their new Privacy Policy Changes

Revolut has recently implemented some alarming privacy policy changes. We take a look at the company itself, what those recent policy changes are, and how you can opt-out. What is Revolut? Revolut is a financial technology...

Picking the people around you: ‘Team Up or Team Down’

A Greek saying goes as follows: “If you show me your friends, I can tell you who you are”. I would say the same goes for business. Work with the best, be one of...
Economics Research Center: Robust economic activity in Cyprus expected in 2020

Theodoros Mantis: Changes Needed to Attract Companies of Foreign Interests

In recent years, the aim of the state has been to promote Cyprus as an attractive investment destination and as a credible business center, through the attraction and establishment of foreign companies on the...
Address by the President of the Republic of Cyprus Mr. Nicos Anastasiades at the CIBA’s 2019 Annual General Meeting, in Limassol

Address by Cypriot President at CIBA 2019 AGM

The full statement by the Cypriot President Mr. Nicos Anastasiades follows below: "It is a great pleasure to join you at the 26th Annual General Meeting of the Cyprus International Businesses Association (CIBA) and an...
Minister of Transport, Yiannis Karousos and his Bulgarian, Estonian, Latvian, Polish, Lithuanian, Maltese and Romanian counterparts, met Tuesday with the Commission Vice President Frans Timmermans and the Commissioner for Transport, Anna Ioana Valean, to raise the issue and implications of a new rule that calls for commercial transport vehicles, lorries and trucks operating within th single market, to return to the licensing Member State every eight weeks, included in the "EU mobility package", currently under negotiation.

Cyprus Transport Minister and 8 counterparts object to new rules of mobility package on...

Minister of Transport, Yiannis Karousos and his Bulgarian, Estonian, Latvian, Polish, Lithuanian, Maltese and Romanian counterparts, met Tuesday with the Commission Vice President Frans Timmermans and the Commissioner for Transport, Anna Ioana Valean, to...
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