09.08.2022

Alexandrion Group, a producer and distributor of spirits and wines founded by Nawaf Salameh, has acquired 100% of the shares of Cavaway Ltd, a company based in Larnaca (Cyprus). more

08.25.2022

Bank of Cyprus has completed the sale of a portfolio of NPLs and repossessed properties of Romania totally worth around EUR147 million to an entity part of APS group. more

05.30.2022

APS, a debt recovery company headquartered in the Czech Republic, has announced the acquisition from the Bank of Cyprus Group of a portfolio of Romanian non-performing loans (NPLs) and repossessed more

10.18.2018

Casa de Insolventa Transilvania (CITR), the main player on the Romanian insolvency market in the last ten years, takes its first step towards expansion abroad by opening an office in Cyprus, an more

02.13.2018

Six of the ten largest capital inflows provided by foreign investors to Romanian companies last year came from Cyprus-based shareholders, ZF has found from Trade Registry data. Other shareholders in more

06.21.2017

Spirits producer Alexandrion Group Romania, the largest such business in the country, has opened a base for international operations in Nicosia (Cyprus), as part of its international development more

09.08.2014

Certsign, part of Romanian UTI Group, signed a five-year contract in August for the making and delivery of driving license in Cyprus. more

08.20.2014

Bank of Cyprus on Wednesday said it has signed an agreement to sell its assets related to Societatea Companiilor Hoteliere Grand SRL, a company incorporated in Romania and owner of the JW Marriott more

07.24.2014

Romanian low-cost airliner Blue Air and investment fund Renaissance Capital, owned by Russian businessman Mikhail Prokhorov' Onexim group, plan to bid in the privatization of Cyprus Airways, the more

04.18.2014

Bank of Cyprus, the battered Cypriot bank, sold its almost 10% stake in Romanian lender Banca Transilvania (TLV.RO) for 368.1 million lei (EUR82.5 million) on the Bucharest stock exchange Friday. more

09.24.2013

Unknown Properties Limited, registered in Cyprus, bought for EUR13 million the 35% stake that bankrupt ONT Carpati held in Societatea Companiilor Grand (SCH Grand), the owner of five-star hotel JW more

07.03.2013

Marfin Bank Romania, the local subsidiary of Cyprus Popular Bank group, which is under liquidation, is sufficiently strong to stand on its own if its majority shareholder in Cyprus cannot find a buyer more

06.11.2013

How has Marfin Bank managed to deal with the pressure of the deposit withdrawals caused by the Cypriot crisis and how has it overcome the delicate period that followed the takeover of deposits from more

04.26.2013

Marfin Bank Romania has taken over deposits of EUR77 million and gross assets of EUR82 million from the Romanian unit of Bank of Cyprus, the two lenders announced Friday. more

04.26.2013

Marfin Bank Romania has high solvency and liquidity ratios and its activity will not be disturbed following the transfer of the local operations of Bank of Cyprus, the head of Romanian central more

04.26.2013

Romania’s antitrust authority Friday said it has approved a derogation for Marfin Bank Romania which allows the latter to gain control of the local operations of Bank of Cyprus before obtaining the more

04.25.2013

The Cypriot central bank Thursday authorized the transfer of Bank of Cyprus’ deposits in Romania to Marfin Bank, the local unit of Cyprus Popular Bank. more

04.25.2013

The Romanian subsidiary of Bank of Cyprus will remain closed for one more day, on April 25, the bank said Thursday. more

04.24.2013

Deposits of the Romanian branch of Bank of Cyprus will be transferred under the local banking law and will be guaranteed by the Romanian Guarantee Fund, Adrian Vasilescu, adviser to central bank more

04.23.2013

The Romanian subsidiary of Bank of Cyprus will remain closed for two more days, on April 23 and 24, the bank said Tuesday. more

04.18.2013

The Cypriot central bank has rejected two offers filed by Romanian bank Banca Transilvania (TLV.RO) and Austria’s Raiffeisen Bank to purchase the local unit of Bank of Cyprus, people familiar with more

04.18.2013

Banca Transilvania (TLV.RO) is the only investor that actually wants to buy Bank of Cyprus’ entire Romanian portfolio, while Raiffeisen is only interested in part of the loans, banking sources say. more

04.17.2013

Banca Transilvania (TLV.RO) and Raiffeisen Bank are the only banks that had submitted firm offers to take over the portfolio of assets and liabilities of the Romanian subsidiary of Bank of Cyprus, more

04.10.2013

The tension generated among clients by the closure of the Bucharest unit has not become apparent yet. more

04.10.2013

The chief executive of Austrian Raiffeisen Bank International AG said Wednesday his bank is interested in acquiring the Romanian assets of Bank of Cyprus and Cyprus Popular Bank, refuting earlier more