New lifeline for defaulted borrowers

Cyprus is to throw another lifeline to distressed borrowers to help them keep their homes following its ESTIA scheme for toxic mortgages, which failed to cover all applicants. This time, the Finance

AstroBank returns to profit

AstroBank posted a net profit of €3.3 mln in 2021 and €18 million before provisions, against a net loss of €18.1 mln in 2020. The bank attributes its profitability to the new,

FinTech achieves sustainability

The continuous increase of investments that consider Environment, Society, and Governance factors (ESG) has greatly affected the Financial Services sector (Investment Financing & Funding). Recently, the World Economic Forum identified and clearly


Businesses fall into Greenwashing trap

Leaders worldwide are reaffirming their commitment to accelerate measures to fight climate change. Similarly, Christine Lagarde, President of the European Central Bank (ECB), recently stated the fight against climate change is on


Cyprus is EIB’s leading beneficiary

Cyprus remains the leading beneficiary of European Investment Bank (EIB) engagement in Europe relative to GDP, confirmed EIB president Werner Hoyer during his visit. Following meetings with President Nicos Anastasiades and Finance

Nicosia backs interest rate increase

Finance Minister Constantinos Petrides confirmed that European monetary bodies consider resorting to interest rate hikes to deal with high inflation. Addressing a conference on the future of Europe organised by the Glafcos


Why crypto creators want to stay anonymous

The two lifelong friends from Florida never sought the limelight, but then they built a multi-million-dollar empire selling digital art, and people wanted to know who they were. Under the pseudonyms “Gargamel”

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