BANKS Eurobank opens Mumbai office, links India–Europe payments Newsroom Eurobank officially opened its representative office in Mumbai on Thursday, marking a major step in its expansion into India, with Cyprus playing a key role in the new bridge between Europe and one of the world’s fastest-growing economies. READ MORE
Non-performing loans in banking system spike by €1.5 billion Tougher financial reporting sees bad loans exceed €22 billion Newsroom / CNA 15/05/2018 | BUSINESS
Co-op receives two bids in good bank, bad bank scenarios Commission clears acquisition of Altamira Cyprus by Co-op and Apollo Management Newsroom 14/05/2018 | BUSINESS
Israel eyes 5% claim of Cyprus' Aphrodite gas field If the sides fail to reach an understanding a solution will be based on estimated reserves 11/05/2018 | BUSINESS
Cyprus tourism income spikes 13% Visitors spent more and stayed longer during a holiday in February Newsroom 11/05/2018 | BUSINESS
All lights 'set on green' for end to Greek bailout Greece’s exit from a bailout programme looks set to proceed in August Source: Reuters 11/05/2018 | BUSINESS
UK food prices likely to rise without a Brexit deal If no trade agreement with the EU is reached there could be shortages of some products Source: Reuters 11/05/2018 | BUSINESS
Radisson hotels take over Larnaca A long-awaited business hotel opens in July in the middle of a busy summer Newsroom 10/05/2018 | BUSINESS
Bank of England keeps powder dry on rate rise Weak growth during a snowy start to 2018 was likely to be only temporary, but it wanted to see a pick-up in the economy Source: Reuters 10/05/2018 | BUSINESS
TUI plans to bring more German tourists to Cyprus Cyprus Tourism Organisation officials promote island as all-year-round destination Newsroom 10/05/2018 | BUSINESS
EBRD more upbeat about Cyprus growth rate It estimates that the economy will grow by 3.2% in 2018, up 0.7% compared with the November projection Source: CNA 10/05/2018 | BUSINESS
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