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19th March 2024
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Monthly Archives: March, 2012

Moody’s downgrades three Cyprus banks again

Despite their efforts to raise fresh funds, Moody's Investor Service has downgraded the three leading Cyprus bank ratings following Tuesday's cut to 'junk' of the Cyprus sovereign ratings.

Vanishing Cyprus: consumerism

Cyprus has become the most expensive country in Europe while consumers are trapped and as victims of sheer greed, corruption and government incompetence they try to make ends meet against insurmountable odds.

Moody’s downgrades Cyprus sovereign ratings to junk

Moody's Investor Service cut Cyprus' sovereign ratings to junk earlier today saying there was a heightened risk that the government would have to support the banks, which are heavily exposed to the Greek debt.

Significant boost to economy from foreign investment

The economic map of Cyprus may be about to change following a meeting between the government and Canadian giant Triple Five to be held at the Presidential Palace in Nicosia tomorrow.

Bar Association fines lawyer for misconduct

Paphos lawyer Emily Lemoniati has been fined for misconduct by the Cyprus Bar Association after breaching her client's instructions and the Association's code of professional ethics.

Paphos seaplane project comes under fire

Plans to build a multi-million Euro tourist project in Paphos including seaplane landing and take-off facilities and a series of recreational developments have come under fire from the Cyprus Antiquities Department.

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