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
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
UK house price growth unexpectedly slows to seven-month low House prices rose 2.1 percent in the year to March, weaker than all forecasts in a Reuters poll of economists Source: Reuters 29/03/2018 | BUSINESS
Cyprus central government debt at €18.3 billion at end 2017 Cyprus central government debt marked a reduction of €683 million compared with 2016 Newsroom / CNA 28/03/2018 | BUSINESS
