More towers set to line Limassol coast road

Five more high rise towers are set to be built in Limassol, already home to several skyscrapers along the city’s coast road. The developments come in the form of two new projects. The first, by Cyb [...]

Plastic money use up 21% in November, JCC says

The value of purchases and cash withdrawals by holders of foreign cards in Cyprus rose an annual 11 per cent to €80.3m in November and €1.1bn in January to November, JCC said. The value of purchas [...]

Economy grew by 3.9% in Q3

The economy of Cyprus grew by 3.9% in the third quarter of 2017, the Statistical Service of Cyprus reported on Friday. “Τhe GDP growth rate in real terms during the third quarter of 2017 is positi [...]

Third quarter GDP rises 0.9 per cent

Seasonally adjusted GDP rose by 0.6 per cent in both the euro area (EA19) and the EU28 during the third quarter of 2017, and by 0.9 per cent in Cyprus compared with the previous quarter, according to [...]

Property transactions up 39% in November

The number of property transactions in Limassol rose last month 29 per cent compared to November 2016 to 321, the land department said. Source: Cyprusmail

BOCH: Deal with Pepper for €800 mn NPLs

The Board of the Bank of Cyprus (the “Bank”) has approved the engagement of Pepper Cyprus Limited (“Pepper”), a fully owned subsidiary of Pepper Europe (UK) Limited, to assist the Bank in reso [...]

Glimmer of hope for Cyprus to export its gas to Egypt

Cyprus’ gas discovery in Block 12 has remained stranded since 2012 with no outcome in sight. The Aphrodite natural gas field off Cyprus is commercially viable and the field could produce 300 billio [...]

Co-op posts net loss of €63m in first nine months as police completes probe

The bank, which in 2014 and 2015 received almost €1.7bn in taxpayers’ money in the form of capital injection, reported a drop in non-performing loans which declined to €6.7bn from €7.2bn in De [...]

The One Paint Color That Can Increase the Value of Your Home by Thousands

Speaking to Mail Online, Gimson explained that ivory is timeless, classic and versatile. She believes that ivory walls have the power to make a home look more expensive, while at the same time provid [...]

EBA: Increase in coverage will reduce NPLs

European Banking Authority (EBA) expects that the increase in coverage ratios in Cyprus may lead to a higher reduction in Non Performing Loans (NPLs) in the following quarters, something that was also [...]
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