The Central Bank of Cyprus said that a weaker sterling caused by the UK’s exit from the European Union is likely to have a limited effect on the Cypriot banking system and, via tourism, the economy.

IHS Markit, one of the leading counsel houses in the world, estimates that Total’s block 11 in the Cyprus EEZ could compete with Egypt’s enormous Zohr deposit.

The Central Bank of Cyprus said that the amount of non-performing loans dropped in October 2016 by €37.6m to €24.1bn, the lowest since the introduction of its current methodology in December 2014.

Leptos Property Gazette is exceptionally proud that Pafos is the European Capital of Culture for 2017 and looks forward to celebrating this amazing event at different venues throughout the city all year.

Maurice Sehnaoui, the major shareholder of Pireaus Bank, described his investment in Piraeus Bank Cyprus as a vote of confidence in the Cypriot economy.

Bank of Cyprus is (BoC) issued a €250m bond recently, the first issue of debt since the bail-in (haircut) of depositors in 2013.

The state has so far put some €31.6m in its coffers from immovable property tax (IPT), as the rate of compliance touched 91%, it was announced recently.

In any organization the Directors and the Board need to provide the leadership and accountability that determine the future success of the organization. Directors, are under a great pressure, and in many cases suffer from stress and an out of balance work/home life. Directors undertake a major role that includes many responsibilities; many of these responsibilities are enforced by regulators whereas some are imposed by the stakeholders of the organization they are asked to lead.

A deal to end the division in Cyprus could transform the fortunes of the easternmost outpost of the EU, and while both sides resume talks for the third day at the Palais des Nations, travel firms and prospective holidaymakers are watching the talks in Geneva with interest.

General government accounts posted a surplus of €65.5 million for the period of January–November 2016, compared to a surplus of €11.5 million in the corresponding period of 2015, owing to a reduced balance deficit.