Shareholders gave their nod of approval Wednesday to Hellenic Bank’s proposed capital increase that will fund the takeover of the ‘good assets’ of the state-controlled Cyprus Co-operative Bank, a process that will
Bailed-out Cyprus is well on its way to regaining investment grade status after six years in the financial wilderness following an economic meltdown. Government Spokesman Prodromos Prodromou talked up the government’s progress
By Lukman Otunuga, Research Analyst, FXTM Market players entered Wednesday’s trading session with an intent to maintain some distance from riskier assets ahead of trade talks between US and Chinese officials later
Nicosia will renegotiation the contract with the consortium that holds the license to exploit Aphrodite gas field in block 12 of Cyprus Exclusive Economic Zone. Energy Minister George Lakkotrypis told reporters after
‘Sextortion’, the online sexual extortion and coercion of children and adults, seems to be on the rise, but Cyprus police are not too concerned, saying that prevention is the best way to
The Turkish currency crisis, amid a worsening dispute with the United States and the lira tumbling 40% against the dollar to date this year, is sending shockwaves across western markets. On Friday both
By Hussein Sayed, Chief Market Strategist, FXTM President Donald Trump is making the headlines again. This time by criticising Fed Chairman Jerome Powell and complaining about the Federal Reserve’s rate hikes
As Cyprus football teams get ready for the season kick off this weekend, recently rescued Omonia FC has announced a major sponsorship deal with online sports betting company Fonbet – €1 mln
Emirates, the Dubai-based airline that has been flying to Cyprus since 1994, is returning to Larnaca for an ‘open day’ recruitment day and to meet candidates wishing to join its multinational cabin
Hellenic Bank and the Co-operative Central Bank may need to rethink the government-sponsored staff restructuring plan as the number of people who have opted for the voluntary retirement scheme (VRS) could exceed
