Last October, the international broadcaster Al Jazeera released a damning investigative report on how a convicted criminal can obtain a European passport in Cyprus for the right price. The report sent shockwaves
The Finance Ministry revealed new fiscal risks in its Strategic Framework for Fiscal Policy 2022-2024 report linked to Cyprus’ General Healthcare System. Many of the issues that remain troubling are related to
The history of finance is full of examples of how asset prices rapidly burn investors when they rise and fall sharply. Economists named this phenomenon the financial bubble. Bitcoin, the most popular
The Cypriot economy is no stranger to economic downturns. Less than a decade ago, it faced an almost existential threat. Two of its biggest banks went down. Money became so scarce it
Credit Suisse recent woes, followed by the collapse of Greensill Capital and Archegos Capital last month, reminded everyone of the value of risk management. But it did more than that. It brought
By Michael Olympios Economics is famous for the concept of opportunity cost – an idea that holds that there’s no such thing as a free lunch. Almost every policy decision must
The latest liquidity statistics released by the Single Supervisory Mechanism revealed that Cypriot banks are swimming in cash. They have more cash than they know what to do with, according to the
The saga of Archegos Capital Management brought to surface lessons that should have been learned a long time ago. Archegos, meaning ‘leader’ in Greek, was forced to liquidate its portfolio at a
