News: Economy
Cyprus news in the “Economy” category — updated throughout the day.
EconomyThe Deutsche Bank terminates relationship with Hellenic and RCB Banks
“The largest bank of Germany has terminated the transaction with the two leading bank in Cyprus due to concerns caused by their ties with Russia” – The Times reports. Deutsche Bank halted the transactions…
EconomyTop news on the week
Banks will tighten up their checks! “Panamagate” arrived to the island The Cyprus’ bank system is possibly connected…
EconomyRevelations by the OCCRP
German Gref denies the involvement of the Sberbank in the offshore schemes. He has announced that Sberbank has…
EconomyNew oil and gas tender has started
The Cyprus authorities begun to accept applications for the participation in tender to develop the three off-shore areas…
EconomyPrivatization of the Limassol Port
After the careful consideration of the details of the deal, the Parliament has agreed to the commercialization of…
EconomyWork or not to work?
The issue of the shops working on Wednesdays and Sunday remains open, despite of the decision of the…
EconomyThe strike in the port of Limassol continues
Yesterday the strikers have announced that they are not planning to give up, regardless of the promises to…
EconomyApple plans to open its first store in Cyprus in the middle of 2017
According to the existing information, the new Apple Store will be located in Nicosia in one of the…
EconomyCyprus’ credit ratings reaffirmed at BB-/B by Standard & Poor’s
As reported by ServPRO, on Friday the 18th of March 2016, Standard and Poor`s (S&Ps) rating agency affirmed…
EconomyYet another strike for indefinite period!
The employees of the Limassol port went on strike for indefinite period in attempt to influence the Parliament…
EconomyThe volume of property sales on the Island has increased by 54%
According to the Land Registry Department, 501 deals were concluded in relation to the sale of commercial and…