Popular Bank gets support from State

The House of Representatives late last night approved legislation providing for state support to the island’s second largest lender. The item was passed with 43 votes for, none against, and three abstentions.

Popular Bank seeking state aid

THE Popular Bank said yesterday it was in talks with the finance ministry and the Central Bank about state guarantees to raise fresh capital after being battered by the Greek debt write-down.

15 firms to bid for gas drilling rights off Cyprus

Major oil and gas companies such as Russia’s Novatec, Italy’s ENI, France’s Total, and Malaysia’s Petronas are among 15 firms and consortiums that are seeking to carry out exploratory drilling for gas deposits off southern Cyprus, the island’s commerce minister said Friday, despite Turkey’s strong objections.

The CombiNation Magazine Spring 2012 edition is now free available.

Click on the pictures below to open the magazine in the Dutch, English, Russian and German versions.

Dutch English Russian German

Cyprus stunt vanaf 2012 met inkomstenbelasting

Cyprus zal vanaf het jaar 2012 zeer aantrekkelijk worden voor managers en ondernemers met een hoog salarisinkomen. In tegenstelling tot landen die voornemens zijn om grote salarisbonussen extra zwaar te belasten, kunnen managers op Cyprus rekenen met op fors lagere heffing over hun topinkomen.

Cyprus Asprokremmos Dam spills for the first time since 2004

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