The outlook for reinsurance has changed to ‘stable’ from ‘negative’ as prices increase amid a worldwide economic rebound, supporting the sector’s earnings while capitalisation will remain solid, Moody’s Investors Service said Tuesday.
The Central Bank of Cyprus (CBC), professional regulatory bodies and business stakeholders agreed on ten steps to reduce bureaucratic banking procedures to help the economy tick. Procedures such as Know-Your Client (KYC)
Deloitte has just launched its Technology Fast 50 Program in Cyprus, the United Arab Emirates, Saudi Arabia, Qatar, and Bahrain. The program is a competition for fast-growing companies in both established and
Following delays due to the coronavirus pandemic and low consumer sentiment restrictions had brought about, Larnaca will finally see its first shopping mall open on 17 September. The new Metropolis Mall, near
President Nicos Anastasiades received the Cyprus Securities & Exchange Commission (Cysec) annual report praising its outgoing chair Demetra Kalogirou for her contribution to expanding the capital market. Kalogirou presented Anastasiades the last
August inflation in Cyprus spiked by an annual 5%, pushed upwards mainly by rising energy prices. The Consumer Price Index increased by 1.59 units and reached 104.09 units compared to 102.50 units
Bank of Cyprus, the one-time bellwether company of the services-based economy, continues to struggle with rising staff costs, little new business and a non-performing loan portfolio that refuses to go down. The
After seven years of languishing in EU corridors, halloumi will hit the market in October as a bonafide product of protected designation of origin (PDO). As of 1 October, Halloumi’s PDO status
Cyprus’ economic sentiment improved in August from July, reflecting stronger activity in services but uncertainty remains, fuelled by the Covid pandemic. The Economic Sentiment Indicator (ESI), compiled by the University of Cyprus’
Post-pandemic Cypriots have gained an appetite for gambling, as they have spent over €137 mln on slot machines at Cyprus Casinos in just six weeks, according to Q2 data released by operators
