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Moody’s upgrades BOC, Hellenic one notch

Moody’s upgrades BOC, Hellenic one notch

Moody’s Investors Service on Wednesday upgraded, by one notch, the long term local and foreign currency deposit ratings of Bank of Cyprus to Caa2, and Hellenic Bank to Caa1, and affirmed their not-prime short-term local and foreign currency deposit and commercial paper ratings. Moody’s said its action was driven by an improved operating environment, which […]

Paphos launches enhanced tourism action plan for 2017

Paphos launches enhanced tourism action plan for 2017

Paphos is aiming to increase promotion of the district and has drawn up an action plan for 2017, which includes improvements in the use of social media and other promotional outlets, according to an announcement by the local tourism board. Participants at a meeting of the board of directors of the Paphos regional board of […]

Eurostat: GDP growth in Cyprus at 0.7% and 2.8% on quarterly

Eurostat: GDP growth in Cyprus at 0.7% and 2.8% on quarterly

Seasonally adjusted GDP rose by 0.7% in Cyprus during the third quarter of 2016, compared with the previous quarter, according to a flash estimate published by Eurostat, the statistical office of the European Union. In the second quarter GDP also grew by 0.8%. Compared with the same quarter of last year, seasonally adjusted GDP rose […]