Breaking News
24 July 2014 11:07
Shacolas Group yesterday announced a number of projects to expand its shopping malls and create Golf courses in Nicosia, Larnaca and Paphos which will help boost the economy and create hundreds of new jobs.
Projects will include development and expansion of the first floor of the Mall of Cyprus......More
24 July 2014 08:59
To protect depositors the Cyprus Central Bank is selling off the local branches of Tanzania-based bank FBME, after it was tainted with terrorist money laundering charges by the United States.
“The Resolution Authority has issued a Decree, under the powers conferred to it… which places the branch......More
22 July 2014 20:38
To protect depositors the Cyprus Central Bank is selling off the local branches of Tanzania-based bank FBME, after it was tainted with terrorist money laundering charges by the United States.
“The Resolution Authority has issued a Decree, under the powers conferred to it… which places the branch......More
22 July 2014 14:57
 The Buena Vista Hospitality Group (BVHG), one of the world’s leading hospitality and resort management companies, has decided to domicile its regional headquarters for the Eastern Mediterranean, the Middle East and the Balkans in Cyprus.
One of its plans is to develop the largest and most......More
23 July 2014 09:33
 Former Central Bank Governor Athanasios Orphanides appeared in a Limassol district court on Monday along with three former board members of Laiki Bank in an alleged mis-selling of bank bonds case.
A Limassol resident has filed the case, claiming he was duped into buying €400,000 worth of......More
22 July 2014 14:07
Cyprus has placed the local branch of Tanzania-based bank FBME under administration, after concerns previously expressed by the United States that it was a conduit for money laundering.
The purpose of the resolution injunction was to sell branch assets for the protection of depositors, the......More
21 July 2014 18:18
 According to a KPMG study for the Cyprus Tourism Organisation, only in the last seven years, losses in the tourism revenue amounted to €1.2billion annually due to a decrease in the tourist wave in relation to other countries. The study has found that in the last 20 years Cyprus as a tourist......More
21 July 2014 09:11
NICOSIA - Almost all of the strategic investors seriously interested in ailing Cyprus Airways are companies outside the European Union, informed sources said Friday.
And this is because the national carrier’s main asset has the right to carry out routes to all EU member states.
“Amongst......More
21 July 2014 09:10
NICOSIA - A surge in Russian tourists in June sparked an 11% increase in tourist arrivals to Cyprus, compared to the same month last year, official data showed on Friday.
It is the second biggest percentage climb since 2011.
In June arrivals spiked 11% to 342,221 from 308,219 in the same month......More
19 July 2014 10:47
Cyprus Central Bank said on Friday that it is taking over the operations at FBME bank in Cyprus.
Earlier in the day the US Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) had named the bank, formerly known as the Federal Bank of the Middle East, as ‘a foreign financial......More
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