Nicosia: Moody’s Ratings has upgraded the rating of covered bonds issued by Bank of Cyprus Public Company Limited to Aaa from Aa2, the bank said in a statement on Thursday. As noted, this is an important milestone “not only for the Bank but also for the whole country” as it
Nicosia: Total loans in Cyprus experienced a net decline of £213 million in October 2024 compared to the previous month, while deposits saw a notable increase, according to data released by the Central Bank of Cyprus on Thursday. According to Cyprus News Agency, total deposits recorded a net increase of
Nicosia: Greek Foreign Affairs Minister George Gerapetritis announced that the Cyprus issue has been elevated to the highest international level, presenting a renewed opportunity for resolution. The minister emphasized the significance of recent developments, including the appointment of a Personal Envoy by the UN Secretary-General and an informal meeting held
Nicosia: The Industrial Production Index in Cyprus marked a 4.1% increase during the period from January to September 2024, compared to the same period in 2023, as reported by the Cyprus Statistical Service on Thursday. According to Cyprus News Agency, the data reveals that the most substantial positive changes were
Nicosia: Cyprus’ Shipping Deputy Minister, Marina Hadjimanolis, held meetings and discussions in Hong Kong while also presenting the advantages of the Cypriot shipping registry. Hadjimanolis’ presence in Hong Kong underscores Cyprus’ commitment to strengthening its position in the global shipping landscape and its dedication to promoting international partnerships, a press
Brussels: A large number of member states, including Cyprus, have been given two months to transpose two crucial directives on cybersecurity and the protection of critical infrastructure into national law, following the expiration of the transposition deadline, as per a decision by the European Commission published on Thursday. This move
