HomeTagsInvestment

Tag: investment

Latest News & Updates

Popular bank receives state bailout

Cyprus, which applied for an EU bailout last week, acquired €1.79 billion worth of shares in the island's second-largest lender, in a previously announced move to help it meet minimum capital levels depleted by heavy exposure to debt-crippled Greece.
Latest News & Updates

Fitch downgrades Island’s top three banks

Following Fitch Rating's downgrading of the Island's credit rating to junk on Monday, Fitch downgraded the Island's top three banks - the Bank of Cyprus, the Cyprus Popular Bank and the Hellenic Bank earlier today.
Latest News & Updates

Cyprus bids for EU bank bailout

Cyprus has become the fifth Eurozone country that has turned to Brussels for emergency funding. It is seeking a lifeline for its banks and its budget, hours after Spain submitted a formal request to bail out its banks.
Latest News & Updates

Venus rock resort under construction

Golf & Land Design's plans and vision are quickly being realised at the Secret Valley golf Club at Venus Rock Resort in Cyprus, where the first of two new 18 hole golf courses is under full construction.
Latest News & Updates

Fitch cuts Cyprus credit rating to junk

Credit ratings agency Fitch downgraded the Island's credit rating to "junk" status earlier today due to the amount of rescue money needed to bail out its banks, which are heavily exposed to the Greek economy.
Latest News & Updates

Have property prices reached rock bottom?

Residential property prices across the Island have been falling for some time. Have they reached rock-bottom? is there an upturn on the way? What do the price figures from RICS reveal?
Latest News & Updates

Russia and Cyprus close to loan deal

Finance Minister Vassos Shiarly has refused to speculate on Russian media reports that Russia is close to agreeing a loan deal worth 5 billion Euros with Cyprus to prevent it seeking an EU bailout.
Latest News & Updates

Moody’s pushes Cyprus deeper into junk status

Moody's has downgraded Cyprus government bond ratings two notches pushing it deeper into junk status on fears that Greece will leave the Eurozone and placed the ratings on review for further possible downgrade.
Latest News & Updates

Cyprus seeking help from Russia and China

Deputy Europe Minister Andreas Mavroyiannis said that Cyprus could seek help from Russia and China in efforts to secure 1.8 billion Euro to recapitalise the Popular Bank and it could need as much as 4 billion Euro.
Latest News & Updates

Development of Larnaca airport hits problems

A meeting will take place today to view a number of snags relating to the plan to transform the old Larnaca airport into a commercial centre by the Chinese company Far Eastern Phoenix.
Latest News & Updates

Two Cypriot banks downgraded by Moody’s

Moody's Investor Services had downgraded the Bank of Cyprus and the Hellenic Bank and has rated them and the Cyprus Popular Bank on review for downgrade as a result of their extensive operations in Greece.
Latest News & Updates

Bailout request before end of month

It seems incredible that the Island's government could be going cap in hand to the EU for a bailout before the end of the month, when just a few years ago it told us that we were immune from the world's economic woes.
Latest News & Updates

Decision over gas terminal final

The Minister for Commerce Industry and Tourism, Neoclis Sylikiotis has announced that decisions concerning a liquid natural gas terminal have been made and that negotiations will start in the near future.
Latest News & Updates

EU bailout request by end of June

As Cyprus scrambles to announce a new package of austerity measures, some pundits predict that a request for a bailout from the EFSF may be imminent saying this could happen by the end of June.
Latest News & Updates

Fitch places three top banks on rating watch negative

International ratings agency Fitch has placed the Island's top three commercial banks on rating watch negative meaning that they could be downgraded in the near future as they remain highly sensitive to events in Greece.
Latest News & Updates

Luxury real estate market resists crisis

The Cyprus Residential Development Prime market report 2012 by international property consultancy firm Frank Knight says that demand for the very top-end of the real estate market has remained strong.
Latest News & Updates

Will Cyprus follow Dubai initiative to protect investors

Cyprus is not the only property market suffering from a lack of overseas investment. Next month, Dubai plans to introduce legislation designed to protect investors enabling them to obtain a full refund.
Latest News & Updates

Greece exit from Eurozone would hit Cyprus hard

Experts agree that Greece leaving the Eurozone would hit Cyprus hard; the Island will be plunged into a deeper recession, the entire population will have to make sacrifices and we will end up in an EU bailout.
Latest News & Updates

Could Cyprus be the next domino to fall

In a programme first broadcast on the BBC News Channel earlier today, HARDtalk's Stephen Sackur asks the former finance minister Michalis Sarris if Cyprus could be the next domino to fall in the Eurozone crisis.
Latest News & Updates

Massive gas finds off Cyprus announced in New York

At a function held at the Cyprus US Chamber of Commerce in New York, Noble Energy’s CEO announced that the company has discovered much larger quantities of natural gas in the Eastern Mediterranean.
Load more

Top Stories

Elsewhere in Cyprus Property News