The Finance Ministry has stressed the importance of having stable legislation regulating out-of-court auctions in tandem with an effective insolvency framework to achieve a reduction of bad loans. “It is extremely important under
Corporate Europe is entering a new era with the recently proposed Corporate Sustainability Due Diligence Directive (CSDDD). The new Directive of the European Union, which all Member-States will transpose, aims to endorse
Analysts do not expect to see the European Central Bank backing away from its intentions to raise interest rates by another 50 basis points at their meeting on Thursday. In a note,
Central banks in the advanced world are mandated to keep inflation low, typically with a target of 2%. The main tool for achieving this is central bank monetary policy, which involves raising
Greece’s Eurobank is reportedly edging towards a takeover of Hellenic Bank as it prepares to increase its stake in the island’s second-largest lender past 30%. Once it reaches the 30% benchmark, according
Cyprus’ central government debt dropped to €23 bln, marking a reduction of 3.9% year on year, according to the Public Debt Management Office (PDMO). Government debt is over 99% of total debt,
Bank of Cyprus has “the wind in its sails” and has upgraded its guidance for 2023 after exceeding targets last year, its chief executive officer said, a decade after the island’s biggest
A lack of financial literacy can lead people to consider investing in direct real estate. This a provocative statement, to say the least, so let me explain. There are three dimensions when
Upon signing the Recovery and Resilience Plan “Cyprus Tomorrow”, the authorities have committed to achieving zero carbon dioxide emissions by 2050. After all, this is included in the 17 United Nations Sustainable
Non-performing loans in the Cyprus banking system remained unchanged in November, with the NPL rate to total loans at 10.5%, according to the central bank. According to the latest data, total NPLs
