Cyprus’ high overall indebtedness continues to limit Cypriot banks’ growth potential and elevates economic vulnerability, a credit negative for banks, Moody’s argues. It follows reports that Cypriot banks had sold or transferred
As the Investment Funds Industry in Cyprus continues to expand and record growth, the responsibility for high standards of ethical professionalism becomes more pertinent than ever. Investment professionals across all levels within
I have recently been dealing with a case where a banking institution in Cyprus has requested the client to repay his housing loan earlier or transfer his loan to another bank. The
The recent Bitcoin price correction has resulted in several casualties, with investors losing significantly. Although the cryptocurrency is already making minor gains, millionaire holders have drastically declined in recent months. According to
The Cypriot economy is expected to remain robust in 2022 as real GDP is projected to expand by 4.1%, according to the University of Cyprus Economic Outlook According to the university’s Economic
Cyprus could issue its first green or sustainability bond next year and aim to raise at least €500 mln, an official from the debt management agency told Reuters. Proposals for such a
Despite the sales, Cyprus’ retail sector can’t shake off the coronavirus pandemic, as it has fallen victim to Omicron’s high transmissibility. With many daily cases and close contacts being kept at home,
When economies are struggling to recover from the coronavirus pandemic, especially Cyprus, overwhelmingly relies on services, tourism and exports, hiking tariffs at the Limassol port monopoly is plain stupid. The alternative port
UK imports to the island halved within the first year of Brexit, as Cypriot importers turned to EU markets as British products are wrapped in tariffs and red tape. Stakeholders argue that,
The emerging blockchain technology became known through Bitcoin, the first practical application of this technology. However, the prospects of blockchain technology do not stop at cryptocurrencies. Around the world, companies from all
