An international survey on student assessment in 65 countries has found that 15 year olds in Cyprus ranked at the bottom of the list in reading skills, maths and science. The OECD
The fourth edition of the World Giving Index, which looks at charitable behaviour across 135 countries, ranks Cyprus in 24th place based on three measures of giving behaviour – the percentage of
Tightening of credit standards on loans to enterprises stabilised in the third quarter, while demand for loans by households and enterprises was lower compared with the previous quarter, the Central Bank of
* €1.5 bln to be used for funds from ECB * The island’s Cooperative credit societies will soon operate as a unified banking group, following a bailout programme and a set reforms
The government and the private sector are drafting an action plan to reverse the negative climate surrounding Cyprus on taxation transparency, following the reent unfavourable report by the Organisation for Economic Cooperation
Piraeus Bank announced a forecast-beating set of results, with 3Q13 core profits coming in 6-13% above analyst and consensus estimates in Greece. Pre-provision profits rose 29% q-o-q, beating consensus and IBG estimates
EFG Eurobank announced that its 3Q13 net losses before one-offs reached EUR 210.6 mln, down from the previous EUR 243.5 mln losses in 2Q13. After one-offs, losses were shaped at EUR 285.2
National Bank of Greece announced that 9M13 net profits reached EUR 262 mln or EUR 319 mln excluding one-off write-downs, slightly lower against IBG’s EUR 353.5 mln estimate, but above the consensus
Fitch Ratings has affirmed Greece’s long-term foreign and local currency issuer default ratings (IDR) at ‘B-’ and a ‘stable’ outlook, while it has upgraded the country’s short-term country ceiling rating to ‘B+’
. By Oren Laurent President, Banc De Binary The Euro rose to a five-year high against the yen on Friday, reaching 139.70, its strongest since the aftermath of the collapse of Lehman
