The Cyprus Securities and Exchange Commission (CySEC) has revoked the operating licence of Mutual Trust Limited, a company based in Cyprus offering fiduciary and secretarial services.

The Statistics Department of the Central Bank of Cyprus released recently the statistics on interest rates applied by monetary financial institutions in Cyprus on deposits and loans in euro for the reference month of June 2016.

A third new airline in Cyprus is preparing to take off in2016, in the footsteps of Cobalt and TUS Airways.

The Ministry of Finance has successfully raised €52.5 million, after a €10 million six-year bond, issued for natural persons, was oversubscribed by more than five times.

Plots of land, shops, and to a lesser degree apartments and residences are some of the immovable property given to the Coop by some of its customers to pay off debt.

Just 4% of women hold posts on the boards of directors. However, in recent years more women than men have been promoted.

RCB Bank announced recently it has successfully completed the stress test carried out by the European Central Bank, which was aligned with the European Banking Authority (EBA) methodology.

Saipem’s pipelayer Castoro Sei (Beaver Six) was fully ensconced at Limassol port on Sunday before starting work on underwater pipelines for Egypt’s giant Zohr gas field.

Moody’s ratings agency has changed its outlook on the Cypriot banking system to positive from stable, reflecting that the country’s economic recovery will restore banks to profitability and improve weak asset quality.

Nicosia could shift to a new economic model and develop to become an innovative regional research centre according to the Nicosia Chamber of Commerce and Industry (EVEL).