Capital Intelligence Ratings has revised the long-term foreign currency rating (LT FCR) and bank standalone rating (BSR) outlook of Hellenic Bank (HB) to ‘positive’ from ‘stable’. HB’s core financial strength (CFS) rating
Cyprus Transport Minister Alexis Vafeades announced that this year’s passenger traffic at airports will go down in the history books as it surpassed the record set in 2019. In a statement on
S&P Global Ratings raised its long-term issuer credit rating on Bank of Cyprus Public Co. Ltd. (BOC) to ‘BB’ from ‘BB-‘ and affirmed the ‘B’ short-term rating, citing “significant progress toward rebalancing
Consumers might find themselves with a bit more room in their holiday budget for Christmas this year, as stakeholders predict a continued drop in fuel prices. Anticipating further reductions at petrol stations,
By Craig Erlam The Bank of England and the European Central Bank both left rates on hold on Thursday, but unlike following the announcement of their counterparts in the US, there were
Low-paid workers in the private sector are in for a pay boost in the new year, as social partners are set to meet on Friday to agree on the next increment for
Four more Cyprus-based companies have been sanctioned by the U.S. authorities after evidence emerged tying them to sanctions evasions and contributing to the enhancement of Russia’s energy production. According to a statement
By Craig Erlam The most hotly anticipated central bank meeting of the year did not disappoint on Wednesday, with the Federal Reserve potentially delivering this year’s Santa rally. I don’t think many
Thirty children from war-torn Artsakh, uprooted from their homelands, are in Cyprus for a two-week visit, hosted by the Armenian Representative in parliament and the Ministry of Education. The children, aged 12
The journalists’ union issued a stark warning on Wednesday, highlighting potential severe consequences for press freedom in Cyprus if the controversial Article 4 of the European Media Freedom Act is enacted into
