Debt held by households and non-financial corporations in the first quarter of 2022 amounted to €56.2 bln, according to the Central Bank of Cyprus. Household debt in Q1 was €20.2 billion, corresponding
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
The Financial Mirror interviewed econ-physics pioneer and world-renowned Paris-based statistical physicist Jean Philippe Bouchaud, Professor at École Normale Supérieure and founder and chair of Capital Fund Management (CFM) He was recently in
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,
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
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 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
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
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”
Finance Minister Constantinos Petrides warned MPs that any tampering with a European Union directive to reduce the size of homes entitled to lower 5% VAT could invoke sanctions. Addressing MPs concerns over
