Loan restructurings recorded a 400% increase in the first six months of the year, reaching €1.4 bln, Cyprus Central Bank Governor Constantinos Herodotou told MPs. Herodotou, addressing Monday’s House Finance Committee on
Rising labour shortages across sectors of the economy, particularly in tourism, have hoteliers worried they will be unable to respond to increased tourist arrivals in 2022. The Association of Cyprus Tourist Enterprises
The International Bank Account Number (IBAN) is a standard account number structured according to the specifications issued by the European Committee for Banking Standards (ECBS) and the International Organisation for Standardisation (ISO).
A Cyprus start-up company hopes to contribute to a food revolution, moving away from a meat-based diet to a more sustainable plant one, satisfying the taste buds of everyone. The Mighty Kitchen,
Inflation in Cyprus kept rising to 4.3% in November due to the sharp increase in the price of electricity and petroleum products. According to the Statistical Service, in November, the Consumer Price
Hellenic Bank saw its nine-month after-tax profits halved to €21 mln, from €40 mln in the same period last year, following a flat third quarter. It reported €8.2 mln in after-tax profits
Bank of Cyprus is on track to return to steady profits after it announced a third-quarter after-tax profit of €19 mln and a significant reduction in its non-performing loans. The bank reported
Courting Big Tech and Fintech firms is paying off; as more companies pack their bags to set up shop in Cyprus, Eurisko Mobility, active in digital transformation, announced plans to relocate. Eurisko
Advanced Micro Devices (AMD) “Computing and Graphics” segment recorded its largest quarterly revenue yet in Q3 2021 after experiencing a 9.5% quarterly CAGR since Q3 2020 – $2.4 bln. As one of
Many retailers reported their Black Friday sales campaigns were off to an underwhelming start as inflation and the worsening coronavirus landscape have taken their toll on consumer psychology. Shopkeepers were banking on
