Strong economic growth a credit positive for banks, Moody’s says

Strong economic growth a credit positive for banks, Moody’s says

Strong economic growth – the highest growth rate since 2008 – is credit positive for Cypriot banks Moody’s ratings agency said on Thursday, noting however that despite the growth reduction of no [...]

MPs determined to act over title deed fiasco

In the absence of tangible government action, main opposition Akel said on Wednesday it will be preparing two proposals designed to iron out kinks in a 2015 law that sought to sort out the title deed [...]

Lakkotrypis confirms Shell’s interest to buy Cypriot gas

The minister said Cyprus was “close to a deal,” relating to talks to sell gas to one of the two liquefaction plants on Egypt’s Mediterranean coast via pipeline, without revealing additional deta [...]

Cyprus ready for scrutiny of Golden Visa scheme says Georgiades

The scheme allows foreign investors to acquire Cypriot citizenship within months by investing as little as €2m in assets or companies, including real estate. Until September 2016, when the cabinet m [...]

One of two ExxonMobil survey ships on its way to Limassol

One of the two ExxonMobil research vessels scheduled to carry out explorations in block 10 of Cyprus’ exclusive economic zone (EEZ) departed from Greece on Sunday and is headed towards Limassol port [...]

Israel expects decision on Cyprus-Greece-Italy pipeline in 2019

Israel expects a decision to go ahead with the construction of a 2,000 kilometre pipeline linking vast eastern Mediterranean gas resources to Europe to be made by early 2019, Israeli Energy Minister Y [...]

ExxonMobil: Our top priority is the safety of vessels' crews

ExxonMobil`s top priority is the safety of its vessels` crews and of others in the Eastern Mediterranean, its spokeswoman Suann Guthrie has told CNA, asked about the company`s exploration drilling ope [...]

MPs discuss how to manage future gas revenues

After almost a year, MPs on Monday resumed discussion of a government bill providing for the creation of a National Investment Fund to manage future hydrocarbons proceeds. The bill, drafted by the fin [...]

Cyta will receive little from sale of Greek operations

Only a fraction of the €118m raised from the sale of Cyta Hellas to Vodafone will end up in the coffers of the parent company, the state-run telecoms corporation said on Monday. Speaking in parliame [...]

Cyprus checklist for young entrepreneurs

Would you move to Cyprus to start your own business? A new study sheds some light on what you should consider. Cyprus is number 32 on a list of the 57 best countries to move to if you’re young and w [...]

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