Cash is no longer king

Cash is losing its dominance in Cyprus, mirroring a wider trend in the European Union, where the majority of consumers now prefer using digital payment methods, according to the Central Bank of


Fitch affirms Cyprus credit rating, stable outlook

International rating agency, Fitch, affirmed Cyprus’ Long-Term Foreign-Currency Issuer Default Rating (IDR) at ‘BBB’ assigning a Stable Outlook, assuming that fiscal surpluses continue despite an economic slowdown. Furthermore, the agency revised upward


Rating agencies turn spotlight on elections

Credit rating agencies are keeping an eye on Cyprus’ presidential elections in February to conclude how the island’s new administration will be running public finances, say economists. Rating agencies will launch a

Credit agencies show faith in Cyprus

Credit Rating Agencies have given a vote of confidence in the prospects and future developments in the Cyprus economy, Finance Minister Constantinos Petrides said. Petrides told the 1st Annual Financial Markets Forum