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
Sustainability is an increasingly important consideration for financiers and stakeholders as they align their organisations and investments with their values and address the risks and opportunities presented by climate change and other
Investors are taking more risk than they can afford, a Cyprus Securities and Exchange Commission (CySEC) survey has revealed. One in four investors admits to investing more than they could afford to
During the third quarter of 2022, there was an increase in Management Companies and Undertakings of Collective Investments (UCIs) to 333, with the assets under their control reaching €9.9bn. Based on Cyprus
Globally, there is a growing recognition that social and environmental risks should be given equal weight to financial risks in investment decision-making. Especially when the decisions are about Project Financing. Sustainable project
Over the last three years, Cyprus banks had struggled to deal with their past and unload non-performing loans from their balance sheets when governments were fighting the worst pandemic in a century.
Cypriot start-ups no longer have to rely on banks to obtain finance, as a ground-breaking crowdfunding platform offers local entrepreneurs an alternative way to raise capital. In a first for Cyprus, Crowdbase,
Despite news of big cryptocurrency trading platforms casting their vote of confidence in Cyprus, local stakeholders feel differently as they argue the island is unfriendly to crypto businesses. Cyprus’ ambition of becoming
Mastercard, the second-largest payment-processing corporation worldwide, are investing in Cypriots’ preference to use plastic money over other payment methods. In an event in Nicosia to present their new Country manager for Greece,
The government welcomed parliament approving the 2023 state budget, the last tabled by the 10-year administration of outgoing President Nicos Anastasiades. The President extended his gratitude to most parliamentary parties for voting
