By Lukman Otunuga, Research Analyst at FXTM The mood across financial markets is poised to remain cautious in the week ahead as investors grapple with geopolitical risks and concerns over slowing global
Kyriakos Kokkinos, a former executive at IBM Cyprus and EMEA with nearly three decades of experience in the IT sector, has been appointed as the island’s first Chief Scientist, starting a new
The Cypriot economy is forecasted to continue to grow at robust rates in 2019, albeit at a somewhat slower pace compared to 2018, according to University of Cyprus economists. In 2018, real
Cyprus’ Finance Ministry aims to make accepting card payments obligatory for all sellers through an amendment of existing legislation regarding payments and receipts. According to Philenews, the ministry is to submit a
The International Court of Arbitration in Paris has ruled in favour of the Republic of Cyprus in the case of the Federal Bank of the Middle East (FBME), which the Central Bank
The building industry continued to thrive in 2018 as building permits issued during the first 10 months to October increased by 38.1% compared to the corresponding period of the previous year. According
Third country nationals, especially Russians, are withdrawing tens of millions in deposits from the Cyprus banking system continuing a trend that was sparked during the banking crisis. The end of 2018 saw
When it comes to being streetwise with their smartphone nearly half of Cypriots never refused or restricted access to the personal data on their device, EU data shows. Last year, 75% of
Hellenic Bank has almost completed the reorganisation of its branch network, four months after acquiring the Co-op's good assets portfolio along with its 72 branches. In a statement sent to the Financial
Parliament releasing €33 mln (0.2% of GDP) to fund this year’s cost of Estia, a government-sponsored subsidy scheme to address nonperforming exposures (NPEs) backed by primary residences, is credit positive for Cyprus
