The outlook for the Belarus banking system remains negative where it has been since 2009, Moody's Investors Service said in a report. The negative outlook reflects the anticipated further weakening of the country's operating environment, further deterioration in asset quality and capital adequacy, low foreign-currency liquidity relative to high levels of foreign-currency deposits and further
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The growth potential for the green bonds market is considerable as budding US and European markets become more sophisticated and developing countries like India (Baa3 positive) and China (Aa3 stable) explore their use for the first time, according to Moody's Investors Service. However, current standards and levels of accountability still leave a dent on investor
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The Ifo Business Climate Index for German trade and industry edged downwards to 108.5 points in May from 108.6 points the previous month and marginally above the July 2014 reading of 108.1, as the research institute said that the German economy remains on track. “Companies were once again more satisfied with their current business situation,
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Trade unions of bank employees are preparing for a confrontation with management at Hellenic Bank and Bank of Cyprus as the restructured banks want to employ universally accepted working hours and pay scales in order to regain their competitiveness. The bank employees are trying to strengthen their negotiating position with the dual tactic of preparing
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PwC Cyprus and the Institute of Chartered Accountants in England and Wales (ICAEW) hosted an event on “Building skills for success” for accountants who have completed, or are in the midst of their training with the firm, as well as all those who achieved worldwide distinctions in the ICAEW professional examinations in recent years. Present
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Five senior former executives at the Bank of Cyprus have pleaded not guilty to charges of misleading shareholders and the authorities over its grossly underestimated capital shortfall dating back to 2012 when the bank had bought toxic Greek government bonds. EU leaders had agreed in November 2011 that the Greek bonds be written down, as
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. By Costis Stambolis Once again Greece is back in the news. This time not for its never-ending strenuous negotiations with the European Commission, the ECB and the IMF over the country’s desperate moves to clinch a deal and stay financially afloat and within the Eurozone, but for its bold opening to Russia over her
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. The ten-year-itch seems to be going away, with the island’s two leaders setting their own pace of official and social meetings that are gradually re-introducing a glimmer of hope that the Cyprus problem could, after all, be solved. Their “walkabout” on both sides of the Green Line last Saturday was aimed at raising public
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. By Oren Laurent President, Banc De Binary The Yemen crisis has captivated the world’s attention. The unrest has torn the country apart as the worst fighting in decades threatens to ignite a powder keg in the already volatile Middle East. Regional and global powers are nervously jockeying for position as the security of the
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. By George Mouskides Playing on the words of Shakespeare, a lot of fuss is being kicked up about an issue without substance. The foreclosures legislation had been under discussion for a whole year which was nothing more than time wasted. The legislation has been approved but we are certain that even those who voted
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