The Cyprus Investment Funds Association welcomes the decision of the global mogul, MUFG Investor Services, to establish a European base in the country. MUFG, the global asset servicing arm of Mitsubishi UFJ
The rise in daily Covid-19 infections and heightened uncertainty over the impact on the real economy led Cyprus banks to tighten the lending criteria for corporate loans in the fourth quarter of
Some 400 RCB employees and 11,000 customers are in limbo as the bank’s winding down process is not going as smoothly as the Central Bank had predicted. RCB Bank had embarked on
A small fraction of deposits in Cypriot banks have been frozen following EU sanctions on Russia and its wealthiest and most influential oligarchs, with close ties to the Kremlin, said Cyprus Central
Cyprus Telecommunications Authority (Cyta) has launched operations of the ARSINOE optical fibre subsea cable system to boost digital interconnection with the rest of the world. The system, connecting Cyprus with France and
Subscriber base up 30%, 110% growth in mobile subscribers, 14% increase in revenues Cablenet’s revenue in 2021 reached €53.5 mln, a healthy double-digit growth of 14% over 2020, driven, largely, by a
Cyprus and Israel have long-standing political, economic, and social relations. Over the past decade, commercial and tourism ties have also become more substantial, with many Israeli companies investing in Cyprus. At the
Eurobank Cyprus recorded yet another year of growth with its 2021 profits rising to €52.3 mln, up €12.2 mln from the year before, reducing its non-performing loans further and mostly unaffected by
RCB Bank has embarked on an “orderly winding down” of its Cyprus banking operations, following the announcement a month ago of the transfer of shares held by Russian entities to local stakeholders,
Independent advisory and fintech deVere Group has launched dV Gems, a non-fungible token (NFT) platform that aims to give investors access to an emerging asset class and streamline digital ownership. An NFT
