The Cooperative Central Bank, the nationalised former co-operative lender that controls a large chunk of local deposits and loans, announced further cuts in its lending rates as of Sunday, in addition to
Capital flight from Greece accelerated dramatically in January, with the Greek central bank asking the other central banks in the Eurozone, as well as the ECB, to fill foreign bank accounts with
The economic climate improved in February with the Economic Sentiment Indicator increasing by 0.9 points compared with January, according to the latest business and consumer survey conducted by the Economics Research Centre
Finance Minister Haris Georgiades said on Friday that he hopes the controversial bills on foreclosures and insolvencies will be concluded “within March”, despite parliament delaying their implementation by a further two weeks
Cyprus-based Eurofast, the indepedent tax and advisory group within the Taxand network, has appointed Nemanja Paskulov as its new Regional Manager for the Western Balkans. In his role Nemanja will be working across
Hellenic Bank, the recently recapitalised lender majority controlled by foreign funds, announced an operating profit for 2014, before provisions, totalling €158 mln, up 22% from 2013, claiming a strong capital position and
German firms proved slightly less willing to recruit new staff in February, with the Ifo Employment Barometer dropping to 106.8 index points from 108.1 in January. There were setbacks in the service
Moody's Investors Service has placed on review for downgrade the local-currency and foreign-currency deposit ratings of six Belarus banks — Belarusbank, Belagroprombank JSC, BPS-Sberbank, Belinvestbank, Minsk Transit Bank and Delta Bank following
Bank of Cyprus, the island’s biggest lender that was bailed out by foreign investors who pumped in about €1 bln last year, following a near €4 bln bail-in by depositors the year
Cyprus is Russia’s most credible ally within the EU, President Nicos Anastasiades said on Wednesday, during a meeting with Sergey Naryshkin, the Chairman of the State Duma, after which h signed a
