The Cyprus forex industry is going through another round of soul-searching in response to recent investigations by Israeli authorities and the FBI into fraudulent trading methods. Already, the financial regulator and watchdog
Cyprus’ forex industry has been rattled by €15 mln trading fraud, forcing two Limassol-based firms out of business, while more than 2,000 people employed have lost their jobs in recent weeks. Industry
New FinTech players are entering the market, presenting end-users with compelling solutions. Innovation appears to be coming from outside the traditional banking sector, especially for mobile and internet payments. FinTech companies offer
The NFT market has sprung back to life and is hitting record after new record, following a couple of relatively dormant months, with searches skyrocketing on sites such as Google. The resurgence
The deVere Group, a leading independent financial advisory and fintech, said it will double its commitment to position $2 bln of assets under advisement into environmental, social and governance (ESG) investments. This
The European Parliament opened Pandora’s box for Cyprus and its political system following the release of the now-famous Pandora’s Papers that exposed countries, politicians involved or connected to dirty money and the
A Commission spokesperson confirmed that broadcaster Euronews had not included its Greek language service in a package the EU would fund after deciding to axe it. The European Commission is not a
The high level of Non-Performing Loans (NPLs) is a challenge that must be addressed to increase the economy’s resilience. In addition to the high level of NPLs, Cyprus also has a high
As the world’s largest social networking platform, Facebook has witnessed a surge in the number of users in the past few years. Hundreds of millions of people have joined its space to
State owned telco Cyta has added another distinction to its mantlepiece, as it was named the fastest carrier in Q2-Q3 this year by Ookla, a leader in internet testing and analysis. Though
