The Cyprus banking system reported after-tax losses of €36 million on a consolidated basis in the first nine months, from a profit of €22.54 million in the same period last year due
Nearly half of Cyprus businesses have experienced some kind of cyberattack in the past 12 months, according to surveys on cyber security. The surveys showed that 46% of businesses were attacked or suffered
Mastercard, the second-largest payment-processing corporation worldwide, are investing in Cypriots’ preference to use plastic money over other payment methods. In an event in Nicosia to present their new Country manager for Greece,
Hellenic Bank’s CEO, Oliver Gatzke, can return to work on Monday following the lifting of the board’s decision to sideline the German after allegations of market abuse. Gatzke could be back at
The government welcomed parliament approving the 2023 state budget, the last tabled by the 10-year administration of outgoing President Nicos Anastasiades. The President extended his gratitude to most parliamentary parties for voting
The ANIMA Investment Network board unanimously decided to create the Euromed Tech Hub in Cyprus. It is viewed as a “significant success” for Cyprus, as the Euromed Tech Hub will function as
Hellenic Bank’s voluntary early retirement plan to streamline operations will decrease capital and weigh on its profitability this year but reduce its workforce by 17% and lower operating costs, a credit-positive move,
More than 80% of businesses with ten or more employees provided mobile devices with access to the internet and business email, according to a survey on information and communication technologies (ICT). The
The first National Action Plan to promote Cypriot wine is burgeoning, as exports in 2021 saw a rapid annual increase of over 60%, said Commerce Minister Natasa Pilides. She was celebrating International
Eurobank is on its way to becoming Hellenic Bank’s largest shareholder after announcing an initial deal to buy 13.41% of Wargaming’s 20.61% holding for €70 mln. Greece’s Eurobank Cyprus subsidiary announced the
