Despite pressure from local and European Union monetary authorities, Cypriot banks appear reluctant to substantially increase deposit rates, among the lowest in the bloc. Reportedly, the island’s banks are ready to increase
Surging oil prices are likely to mean higher interest rates for longer as the price rally adds to inflationary pressures, warned the CEO of a leading financial advisory and fintech. The the
COVID-19 vaccinations will only be carried out twice a week by appointment, with health authorities tweaking the rollout as Cypriots are uninterested in getting jabbed. Speaking to state radio CyBC, deputy director
The Turkish Foreign Ministry denounced a defence training deal between the US and Cyprus as “encouraging Greek Cypriot side’s armament.” “We condemn the signing of an agreement between the National Guard of
Bitcoin, Tether and Ethereum remained the three most traded digital coins in the crypto space in March, according to data presented by BitcoinCasinos.com. However, their trading volumes jumped above the values seen
President Nikos Christodoulides said Cyprus would submit its candidacy to the Council of the International Maritime Organization, denying it backed down after Greece endorsed Turkey to lead the IMO. Nicosia seeks to
When Anna Koukkides-Procopiou is handed the report’s findings into the events of the Apollon-Anorthosis basketball game turned violent, it is an opportunity for the Justice Minister to consider reviving the blueprint for
In a bid to become Cyprus’ second city, a huge development project along Larnaca’s once-industrial coast hopes to transform the area into a vibrant and sustainable community. Now the oil tank eyesores
DBRS Morningstar assigned a BBB rating to a series of notes issued by PIMCO fund Capella Financing that has undertaken the majority of €1.4 bln worth of non-performing loans of Hellenic Bank
Cyprus, Israel and Greek foreign ministers highlighted the importance of their energy cooperation and its contribution to the stability in the region. Cypriot Foreign Ministers Constantinos Kombos, Greece’s Nikos Dendias and Israel’s
