ECONOMY The year-long trial will evaluate the digital currency's technology, payment systems and user experience before any decision on its launch. Photo credit: Unsplash Cyprus joins ECB digital euro pilot programme Newsroom Cyprus will be among the 19 eurozone countries participating in the European Central Bank's first pilot programme for the digital euro, with testing expected to begin in the second half of 2027. READ MORE
Energean commits to Eastern Mediterranean Greek company asks Cyprus for approval to import Israeli gas via new pipeline Source: Reuters 06/07/2018 | BUSINESS
Leoni Paraskevaides takes over J&P Overseas Papathomas ousted following court battle amid unpaid staff and mismanagement accusations Newsroom 05/07/2018 | BUSINESS
Building permits up by 14.4 percent in April Building permits constitute an important indicator for future activity in the building sector Source: CNA 04/07/2018 | BUSINESS
Overall retail rise not overshadowed by slight drop In April, the retail trade volume decreased by 0.1% in the euro area and increased by 0.3% in the EU28 Newsroom / CNA 03/07/2018 | BUSINESS
Airtickets.gr, Travelplanet24 suspend sales Clients who have already acquired airline tickets on the two websites will be served as planned, however Newsroom 28/06/2018 | BUSINESS
Holiday Inn Nicosia under new ownership NGB Pangaea takes over downtown hotel to turn it into a Wyndham luxury property Newsroom 27/06/2018 | BUSINESS
G.A.P. Vassilopoulos Group strikes a deal with UPS Cypriot company entres into agreement with American global logistics giant Newsroom 23/06/2018 | BUSINESS
Cyprus co-op bank freezes accounts with bad loans Account owners with deposits over €2500 and defaulted loans must talk to the bank Newsroom 22/06/2018 | BUSINESS
Cyprus to crackdown on shell companies Central Bank prepares new directive following US pressure Newsroom 21/06/2018 | BUSINESS
ESM warns Cypriot banks of quick fixes Banks still vulnerable to Non-Performing Loans despite bankruptcy laws Newsroom 21/06/2018 | BUSINESS
