MARKET TRENDS

FinMin: Investor interest for Cyprus Cooperative Bank significant

FinMin: Investor interest for Cyprus Cooperative Bank significant

Finance Minister Harris Georgiades has said that investor interest for the Cyprus Cooperative Bank is significant.Georgiades who was replying on Wednesday evening to a question on the matter after a [...]

Energy programme proceeding as planned, president tells oil and gas forum

Cyprus is promoting three projects that were selected by the European Commission as projects of common interest, because of their benefits to the European energy market, President Nicos Anastasiades s [...]

A big find by ExxonMobil would “change the equation” for the region

A big find by ExxonMobil in block 10 of Cyprus’ Exclusive Economic Zone would “change the equation for the region in a big way” former chairman of the Cyprus National Hydrocarbons Company and na [...]

Cyprus, UK sign updated double taxation treaty

Cyprus and the UK on Thursday signed an updated agreement on double taxation avoidance on income and capital, which will contribute to further develop commercial and financial relations between the tw [...]

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 [...]

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