Unease with Hellenic CEO runs deep

The bad blood between Hellenic Bank’s CEO, Oliver Gatzke, and major shareholders appears to be behind the board’s decision to sideline the German after allegations of market abuse. In a statement to

Vehicle sales dipped 4% in Q3

The total registrations of motor vehicles decreased by 4% to 26,581 up to September from 27,699 in the first nine months last year as car sales dropped, according to official data. Car

Cyprus Airways recruitment drive

Larnaca-based Cyprus Airways is looking for candidates to join its growing team of crew members because of its increased fleet and flight schedule for summer 2023. The recruitment campaign follows the airline’s

Banking’s future is digital, green & social

The future of the Cyprus banking sector is digital, green, and social, said experts during the online FMW Conference on the financial system. The conference also highlighted the contrast between taming inflation

Moody’s upgrades major banks

Moody’s Investors Service has upgraded Bank of Cyprus and Hellenic Bank’s long-term ratings, including their deposit ratings to Ba2, from Ba3, maintaining a positive outlook citing “the resilience of the Cypriot economy”.

New bank loans up 15%

New loans granted by Cypriot banks increased by 15.4% in the first eight months to August compared to 2021, pushed upwards by higher demand for household and business loans. Despite a €182.3

ΕCB to discuss quantitative tightening

The European Central Bank Governing Council will begin discussions on shrinking its balance sheet during Wednesday’s non-monetary policy meeting in Limassol. The Central Bank of Cyprus announced that ECB President Christine Lagarde

Crucial ECB meeting in Cyprus

The next non-monetary policy meeting of the Governing Council of the European Central Bank will be held on 5 October in Cyprus; an informal gathering will follow the day after. According to

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