Hellenic Bank received a vote of confidence from a leading rating agency on Monday, days after Cyprus’ second-largest lender announced Q1 net profits of €12.9 mln, the fourth consecutive quarter in positive
Another company prepares to enter the non-performing loans (NPLs) market in Cyprus. Themis – the Goddess of Justice – will own and take over the management of NPLs the global giant Pimco
Cyprus and the European Investment Bank (EIB) signed two new Finance Contracts for €362 mln in record new financing for priority transport infrastructure and lending to businesses affected by Covid-19. It includes
Cyprus’ economic sentiment in June increased 6.2 points from May, reflecting the improvement in high consumer confidence and activity in services. The Economic Sentiment Indicator (ESI), compiled by the University of Cyprus’
With the use of plastic money and seamless payments rising due to the coronavirus pandemic, some small retailers illegally transfer credit card processing fees to consumers. From kiosks to plumbers and lawyers,
The government is considering tax incentives to encourage companies to enter the Cyprus Stock Exchange, as the Nicosia bourse hopes to privatise by the end of 2022, said Finance Minister Constantinos Petrides.
In the first quarter, assets under management of Collective Investments (UCIs) reached €9.8 bln, the highest historical level to date, recording a significant quarterly increase of 14%, according to Cyprus Securities and
The financial services industry in Cyprus saw tremendous growth over the past decade. Although much of its activities were directed outside the country, the industry proved to be a reliable source of
By Katerina Michael The level of information technology conquered in the 21st century has caused rapid developments in communicating, behaving, working, and living. As with all modern achievements, there is always a
By Katerina Michael GovCoins are considered the most important financial innovation since the invention of banknotes – it is the response of central banks and national governments to cryptocurrencies that rose rapidly
