Banking’s future is digital, green & social

The future of the Cyprus banking sector is digital, green, and social, said experts during the online FMW Conference on the financial system. The conference also highlighted the contrast between taming inflation

Moody’s upgrades major banks

Moody’s Investors Service has upgraded Bank of Cyprus and Hellenic Bank’s long-term ratings, including their deposit ratings to Ba2, from Ba3, maintaining a positive outlook citing “the resilience of the Cypriot economy”.

New bank loans up 15%

New loans granted by Cypriot banks increased by 15.4% in the first eight months to August compared to 2021, pushed upwards by higher demand for household and business loans. Despite a €182.3

ΕCB to discuss quantitative tightening

The European Central Bank Governing Council will begin discussions on shrinking its balance sheet during Wednesday’s non-monetary policy meeting in Limassol. The Central Bank of Cyprus announced that ECB President Christine Lagarde

Crucial ECB meeting in Cyprus

The next non-monetary policy meeting of the Governing Council of the European Central Bank will be held on 5 October in Cyprus; an informal gathering will follow the day after. According to

Door reopens on airline incentive scheme

The government has left the door open to recalling its decision to freeze an incentive scheme supporting airlines to keep Cyprus on schedule through the COVID and the Ukraine war. In comments

JetBrains selects Cyprus for new hub

JetBrains, the Czech tech company that develops tools for software developers and project managers, has announced ambitious plans to create a hub in Cyprus. The company has relocated more than 220 staff

Cyprus attracts 7,000 tech jobs

Cyprus’ policy to provide incentives and tax breaks to high-tech companies are gaining traction, as 7,000 work permits have been granted to those with highly specialised skills. Evgenios Evgeniou, President of the

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