ENERGY Bloc faces pressure to refill reserves as phased restrictions on Russian energy approach. Photo credit: Unsplash EU increases Russian LNG imports despite looming energy ban Newsroom The European Union has significantly increased its reliance on liquefied natural gas (LNG) from Russia in early 2026, despite its stated goal of phasing out all Russian gas imports within the next two years. READ MORE
China retaliates for US tariffs, slaps duties on soybeans, planes, autos Beijing’s list of 25% additional tariffs on US goods to match the $50 billion targeted on Washington’s list Source: Reuters 04/04/2018 | BUSINESS
Cyprus Cooperative Bank gets €2.5 billion deposit Government boosts Co-op coffers as bidding investors contemplate options Newsroom / CNA 03/04/2018 | BUSINESS
Gross average monthly earnings begin to rise According to official data earnings were in negative territory for three years Newsroom 03/04/2018 | BUSINESS
Ukraine's Privatbank files $3 billion lawsuit against PwC subsidiaries Ukraine’s largest bank sues Ukrainian and Cypriot subsidiaries of international accounting firm PwC for alleged breaches Source: Reuters 02/04/2018 | BUSINESS
Strike-hit Air France expects 75% of flights to operate The flag carrier’s unions have called for action on Tuesday and on April 7 and plan further walkouts on April 10 and 11 Source: Reuters 02/04/2018 | BUSINESS
A majority of young Cypriots work weekends The figure of 36% is higher than the European average Newsroom 02/04/2018 | BUSINESS
China hammers US goods with tariffs sparks of trade war fly in tit-for-tat moves Source: Reuters 02/04/2018 | BUSINESS
Hourican is one of the best paid Irish bankers Bank of Cyprus CEO is also streets ahead of other executives at the institution Newsroom 02/04/2018 | BUSINESS
Bad loans still high despite fast economic growth The IMF is worried about the level of NPLs in Cyprus Newsroom 02/04/2018 | BUSINESS
Coops privatisation process attracts «significant investor interest» That expression of interest has been submitted by international and local entities Newsroom / CNA 29/03/2018 | BUSINESS
