New Governor of the Central Bank of Cyprus (CBC), Constantinos Herodotou urged Cypriot banks to invest in technology and staff training to speed up due diligence checks for anti-money laundering (AML) on
Cyprus President Nicos Anastasiades said the government will double expenditure on developing technology and increase private contribution as part of a 2019-2023 national strategy on Research and Innovation. He said that having
Cyprus aims to reduce non-performing loans (NPLs) of Cypriot banks to a single digit rate, said Minister of Finance Harris Georgiades. He said the Finance Ministry has set the “ambitious goal for
Pleasure cruise boats and small passenger vessels operating off the coast of Cyprus are to benefit from a ‘de minimis’ plan in order to improve their safety, accessibility and emission levels. The
Cyprus’ economy expanded by 3.5% in the first quarter of 2019 on an annual basis, racking up 17 quarters of consecutive growth, official data showed Wednesday. Compared with the previous quarter, GDP
Radisson hospitality is to expand its brand of hotels to the island’s capital, as it moves forward with plans to build the Radisson Blu Nicosia, as the company seeks to enhance its
Cyprus airports has seen a small increase in passenger traffic, giving hope to tourism industry stakeholders that 2019 will not be far off last year’s all-time record of almost 4 million tourist
Key changes in the Bank of Cyprus leadership will not affect momentum in addressing the remaining challenges for reform as the strategy implemented is bearing fruit, said outgoing chairman Joseph Ackermann. Addressing
The island’s biggest lender Bank of Cyprus has made a positive start to the year posting a €95 mln net profit for the first quarter of 2019, although NPLs still weigh heavy.
By Lukman Otunuga, Research Analyst at FXTM Bitcoin bulls shifted into higher gear over the weekend, as prices surged above $7,550, levels not seen since August 2018. With no major news factors
