Finance Minister Constantinos Petrides has lashed out at the House’s decision to extend a freeze on foreclosures until the end of January, warning of dire economic consequences. In his latest attempt to
Deposits in the Cypriot banking network climbed to a nine-year high in September, boosting liquidity in the system to over €23 bln, said the Cyprus Central Bank. On the flip side, the
Finance Minister Constantinos Petrides said the 2023 state budget is not a pre-election ploy but a responsible one to navigate the country through turbulent times. Presenting the budget at the House Finance
Moody’s Investors Service has upgraded Bank of Cyprus and Hellenic Bank’s long-term ratings, including their deposit ratings to Ba2, from Ba3, maintaining a positive outlook citing “the resilience of the Cypriot economy”.
The Cabinet approved the 2023 state budget on Friday, with Finance Minister Constantinos Petrides heralding it “the greenest, with the most social benefits” ever submitted by a government. The budget approved by
Eleven years ago, Demetra Kalogerou set out to lead a small and unknown regulatory agency in the corner of Europe. By the time her tenure at CySEC was up a year ago,
Despite strong inflationary pressures crushing household incomes, the value of new mortgages taken out had reached its highest level since December 2014, when the Central Bank began recording data. Net new mortgage
The Central Bank of Cyprus has warned businesses and the public of a ‘ghost’ bank called Sabax operating in Limassol, noting the entity has not been licensed by the supervising authority. In
The Bank of England’s expected interest rate rise has been slammed as “harmful” and a “misery rate rise” by the CEO of one of the world’s largest independent financial advisory, asset management
A new study from Juniper Research has found that the total number of digital wallet users will exceed 5.2 billion globally in 2026, up from 3.4 billion in 2022, representing strong growth
