Black Friday seems to be losing its sparkle in Cyprus, with consumer wallets feeling the pinch from the cost of living and global uncertainties from the conflicts in Ukraine and Gaza, according
The latest investigation by the International Consortium of Investigative Journalists (ICIJ) shed light on Russia’s “long-standing hegemony” over Cyprus’ deeply intertwined political and financial worlds. The Cyprus Confidential investigation discloses how 67
The country’s largest banking and financial services group, Bank of Cyprus, posted after-tax profits of €349 mln for the first nine months, substantially improving from the €19 mln loss last year. Notably,
Important information on strategies the Telecommunications industry must follow to maintain growth in an increasingly complex and competitive environment emerged from the PwC report, “Global Telecom and Entertainment & Media Outlook 2023-2027“,
Finyard, an innovative software solutions provider, that helps global brands within the FinTech space offer their clients cutting-edge applications, has opened its doors in Cyprus. The brand radiates simplicity and innovation, perfectly
The rate of “enterprise births” in Cyprus in 2021 stood at 10.2%, while the rate of “enterprise deaths” was 6.3%, according to data by Eurostat. It is the first time the statistical
Cyprus’ banking sector is in the best position it has been over the last decade, experts said at the 19th Annual Economist Summit. The experts highlighted, however, the importance of implementing the
AstroBank announced that negotiations to take over the Cyprus Development Bank (CDB) have fallen through. The island’s fourth-largest lender had set out earlier in September to acquire CDB in a bid to
Interest rates, geopolitics and technology, will drive a new normal in 2024 global credit conditions. Central banks will keep rates higher for longer to keep a lid on core inflation, which will
Fitch has upgraded Hellenic Bank’s long-term issuer default rating (IDR) by two notches to ‘BB+’ from ‘BB-‘, and viability rating (VR) to ‘bb+’ from ‘bb-‘, while maintaining the outlook at ‘stable’. Fitch
