A rush by investors to qualify for a Cyprus passport saw the submission of sales document with the Land Registry by third-country nationals skyrocket 55% in May compared to the previous month.
The lowest self-employment rates for persons born in a different EU Member State than the one they are residing in were observed in Luxembourg (8%), followed by Hungary, Sweden, Austria, Germany and
Inflation was slightly up in May compared to April and to May last year, data released by the Statistical Service showed. In May, the Consumer Price Index increased by 0.14 units and
A total of 486 bank branches have closed in Cyprus over the past six years following the demise of two of its largest lenders, Laiki Bank and the Co-op in 2013 and
A government law modifying the Business of Credit Institutions and transposing the EU's Directive into national legislation offers greater security for depositors but leaves bondholders in the lurch, says Moody’s. As the
In Cyprus, "significant vulnerabilities persist despite an improved economic context and some recent stepping up of policy commitments", according to the European Commission. The European Commission has given country-specific recommendations (CSRs) and
In a deal worth €97.5 mln Bank of Cyprus has finally offloaded unwanted insurance firm CNP when acquiring it by default after Laiki Bank was shut down during the 2013 bailout debacle.
By Jameel Ahmad, Global Head of Currency Strategy & Market Research at FXTM The month of June usually represents the time of the year where many regions across the world prepare for
By Han Tan, Market Analyst at FXTM As the northern hemisphere heads into summer season, market sentiment around the world is pointing firmly south due the rising heat that is being felt
For the first time in Cyprus, self-service terminals for unattended outdoor locations, enable contactless card acceptance, boosting the overall digital payment transformation of the island. RCB Bank’s self-service card acceptance terminals, powered
