AstroBank returns to profit

AstroBank posted a net profit of €3.3 mln in 2021 and €18 million before provisions, against a net loss of €18.1 mln in 2020. The bank attributes its profitability to the new,

Hellenic Bank staff to strike 31 May

Cyprus’ banking system is facing disruption after Hellenic bank staff announced they would stage a 24-hour warning strike next week over redundancies. The strike, scheduled for 31 May by the banking employees

Business as usual, say supermarkets

Supermarkets expect no goods shortages as the Ukraine war has not created dents in Cyprus’ supply chain, while competition is keeping prices in check. The executive secretary of the Pancyprian Supermarkets Association,

Cyprus banks brace for strike action

Cyprus banks are worried over growing tension between Hellenic Bank and its employees as the sector heads for strikes following HB’s decision to make 350 staff redundant. Hellenic, Cyprus’ second-largest commercial bank,

Banking sector faces industrial action

The banking sector is in choppy waters after employees backed their union to strike over Hellenic Bank’s intention to make 350 staff redundant, while Bank of Cyprus is also cutting branches. The

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