The European Central Bank (ECB) said it had withdrawn Cypriot lender RCB’s banking license months after the central bank restricted parts of its business. In March, RCB Bank struck a deal with
Hellenic Bank has an optimistic strategic plan to generate over €200 mln in pre-tax profits in 2023, driven by changes in interest rates and lower operating costs following the early retirement scheme.
C. Savva and Associates, a leading independent tax advisory and corporate consultancy, has made a record €50,000 donation to a number of local charities, with the aim of providing direct aid to
Capital Intelligence Ratings has upgraded all Bank of Cyprus metrics by one notch, and maintained the outlook at ‘stable’, due mainly to improved asset quality – as measured by non-performing loans –
Cyprus Airways announced that during November, the airline operated 239 flights (406% annual increase) and carried 29,820 passengers (up 1260%), registering a load factor of 74%, a substantial jump of 24 p.p
Despite news of big cryptocurrency trading platforms casting their vote of confidence in Cyprus, local stakeholders feel differently as they argue the island is unfriendly to crypto businesses. Cyprus’ ambition of becoming
Delivery service Wolt denied reports that its platform could not provide services on Thursday, as drivers took to the streets protesting salary cuts. Although the company denied a disruption to services, its
Cyprus Airways plans to rapidly expand its fleet and widen its scheduled destinations in a five-year ambitious growth plan. During a presentation to stakeholders, the CEO of Cyprus Airways, Paul Sies, highlighted
Capital Intelligence upgraded most of its rating for Hellenic Bank a day after the CEO returned to work after being cleared of any wrongdoing in a CySEC probe into alleged market abuse.
Cyprus’s securities regulator plans to extend the suspension of the licence of disgraced FTX EU and will meet to discuss the matter next week, a spokesperson said. “CySEC is taking all the
