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
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
Bank chief urges business to help in a speedier resolution of NPLs Bank of Cyprus’ CEO John Patrick Hourican wants business community to help tackle bad loans Newsroom 29/03/2018 | BUSINESS
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