Black Friday blues

The magic of Black Friday seems to have dimmed in Cyprus, leaving consumers disappointed yet again due to lacklustre discount campaigns by stores. Marios Drousiotis, the head of the Cyprus Consumers Association,

S&P: Cost-cuts key for Cypriot banks

Cypriot bank’s ability to reduce operating costs while investing in digital transformation will be key to offsetting inflationary pressure and still-high credit provisions, rating agency Standard and Poor’s said. In a country-by-country

Hellenic Bank posts 9M €240.7 mln profit

Hellenic Bank announced on Tuesday a net profit of €240.7 million for the first 9 months of 2023. According to a Hellenic Group statement, this profit was mainly driven by the higher interest

Black Friday losing its magic

Black Friday seems to be losing its sparkle in Cyprus, with consumer wallets feeling the pinch from the cost of living and global uncertainties from the conflicts in Ukraine and Gaza, according

Cyprus helped 67 Russian oligarchs hide riches

The latest investigation by the International Consortium of Investigative Journalists (ICIJ) shed light on Russia’s “long-standing hegemony” over Cyprus’ deeply intertwined political and financial worlds. The Cyprus Confidential investigation discloses how 67

Bank of Cyprus posts €349 mln 9M profit

The country’s largest banking and financial services group, Bank of Cyprus, posted after-tax profits of €349 mln for the first nine months, substantially improving from the €19 mln loss last year. Notably,

Important trends in Telecom evolution

Important information on strategies the Telecommunications industry must follow to maintain growth in an increasingly complex and competitive environment emerged from the PwC report, “Global Telecom and Entertainment & Media Outlook 2023-2027“,