Cyprus Banks passed stress test
More positive news for the economy of the country following the news that leading rating agencies Fitch and Standard & Poor raised Cyprus’s credit rating.
October 29, 2014
Cyprus credit rating raised
Two leading ratings agencies, Standard & Poor and Fitch Ratings, have both raised Cyprus’s ratings. This is a positive development which reflects Cyprus efforts over
October 27, 2014
Gala at the Chinese Embassy
The Chinese Embassy in Cyprus organised a gala on the 24th of September to celebrate the National Day of the People’s Republic of China. The
September 25, 2014
Parliament passes foreclosures law
After months of debates the Cyprus parliament passed on the 6th of September the controversial foreclosures law. The government had been committed to its international creditors to pass this law and according..
September 9, 2014
Increase of number of new Companies Incorporated
Positive news from the Companies Registrar in regards to the registration of new companies. Last June, the Companies Registrar received 761 applications for the registration
July 17, 2014
Cyprus returns to the markets
Cyprus is officially back to the markets after more than three years of exclusion and only around a year after the country’s bailout. Finance Minister
June 19, 2014
Cyprus still a major International Business Centre
Despite the difficult financial crisis Cyprus is going through, all signs suggest that Cyprus is still a major International Business Centre and remains a very
June 18, 2014
Bank of Cyprus and Hellenic Bank upgraded by Fitch
Fitch Ratings has upgraded Hellenic Bank’s long-term Issuer Default Ratings (IDR) to ‘CCC’ from ‘RD’ and Bank of Cyprus’s long-term IDR to ‘CC’ from ‘RD’. Both banks
June 7, 2014
Bank of Cyprus reports first-quarter profits
Bank of Cyprus reported on Friday the 30th of May 2014 its first profits in seven quarters. First-quarter profit after tax was 31 million compared
June 3, 2014
New Double Tax Agreement Between Cyprus and Spain
A new double tax agreement between Cyprus and Spain was signed on 14 February 2013 and has entered into force on 28 May 2014. The
May 29, 2014