Cyprus Airways Wednesday operated the first commercial flight from Larnaca with its new flagship aircraft in its fleet, the Airbus A220. The flight (CY310) flew to the Greek capital, Athens, the most
Commissioner for State Aid Control Stella Michaelidou suggested Cyprus could adopt the French subsidy scheme for small and medium-sized enterprises (SMEs) impacted by the Ukraine war the European Commission approved. In her
Loan renegotiation in the Cyprus banking system spiked to record levels in the first half of 2023, driven mainly by European Central Bank interest rate hikes to tackle soaring inflation. According to
After becoming the fastest-growing social media platform and reaching 100 mln users twelve times faster than ChatGPT and 55 times faster than TikTok, Meta’s Threads has seen its user growth significantly slow
Hellenic Bank’s interim chief executive officer, Antonis Rouvas, said his focus is on maintaining the bank’s business model while addressing long-standing issues such as the collective agreement with staff. Rouvas, until recently
Greece’s Eurobank is reportedly preparing a strategic roadmap to takeover Hellenic Bank, the island’s second-biggest lender, just months after increasing its stake to over 29%. Once it reaches the 30% benchmark, according
Eurobank Cyprus posted soaring profitability after tax for the first half of 2023, with net profits approaching full-year gains for 2022 due to rising interest rates. Eurobank Cyprus, a subsidiary of Greek
The Central Bank of Turkey removing the first-tier threshold of the security maintenance ratio requiring banks to hold a defined percentage of government securities as reserves against loans is welcomed by Moody’s.
Meta has shattered all expectations for its second quarter earnings, surpassing Wall Street projections by an impressive $1 billion, according to StockApps.com. The Facebook parent has once again proven its dominance in the
The Bank of Cyprus announced the successful completion of the EU-wide stress test for 2023 with improved results. According to the bank, the results show the Group’s “resilience under adverse conditions and
