NPLs and European banks – a way forward

It has been widely recognised that the high level of nonperforming loans (NPLs) in certain European countries is an obstacle to economic growth and a burden on their banking sectors. A loan is classif [...]

Dome-Shaped Attractions Fine-Tuned for Glamping

                 Source: Homedit

Banks relax household credit rules for first time in 3 years

Demand for mortgages and consumer credit as well as corporate credit rose in the previous quarter and is expected to increase further in the current quarter, the central bank said.

Fitch: Strong growth, election result should ‘underpin’ improving finances

Strong economic growth in Cyprus and the expectation of policy continuity after the outcome of the recent presidential elections “should underpin” improving public finances, Fitch Ratings believes [...]

Energy Minister meets with ENI representatives to assess EEZ developments

Energy Minister Georgios Lakkotrypis said he is meeting on Tuesday with representatives of the Italian energy giant ENI, in order to asses on the highest level the available options concerning develop [...]

New cabinet announced

President Nicos Anastasiades announced on Tuesday the composition of his new cabinet, which includes four fresh faces, The president appointed government spokesman Nicos Christodoulides as head of th [...]

Investigation of a company’s affairs

Where it is shown that a more in-depth investigation is required in relation to a company’s affairs to protect its interests, the court may at the request of a shareholder issue a declaration statin [...]

A real estate cause for worry?

AS TIME passes so the pressure on Cyprus from the EU increases. At this point the visa/passports scheme is working well for us and has contributed to the expansion of the economy by 4% this year, wh [...]

Shacolas Tower, Superhome and Debenhams Limassol sold to BoC

Woolworth Properties Plc has agreed to sell three properties worth €44 million to Bank of Cyprus, the company said on Thursday in a filing with the Cyprus Stock Exchange. The deal concerns the Shac [...]

Eni announces a gas discovery Offshore Cyprus

An intensive and detailed data collection (fluids and rock samples) has been executed on the well. Calypso 1 is a promising gas discovery and confirms the extension of the “Zohr like” play in the [...]
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