The Financial Mirror interviewed econ-physics pioneer and world-renowned Paris-based statistical physicist Jean Philippe Bouchaud, Professor at École Normale Supérieure and founder and chair of Capital Fund Management (CFM) He was recently in
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,
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
The Central Bank has confirmed that its counterpart in Lebanon has decided to close the branches of Lebanese banks in Cyprus. Sources confirmed to CNA that the Lebanese Central Bank had closed
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,
Investment funds increased from 257 in December 2021 to 273 in March, but their total assets decreased by 0.55% to €8.692 bln in March, €8.740 bln. According to the Investment Funds statistics from the
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,
Big tobacco companies chose Cyprus among the first countries to launch their campaigns to reduce the health impact of their business by encouraging smokers to switch to less risky alternatives. As people
Bank of Cyprus posted after-tax €21 mln profits for the first quarter of 2022, compared to a net profit of €8 mln a year ago. It announced a record €618 mln in
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
