Economic strategy designed to tackle future challenges
Finance Minister Constantinos Petrides on Wednesday said that the government’s long-term economic strategy Vision 2035 is based on tangible actions and is designed to tackle...
Banking and Finance
Turkey’s lira slides further to 17.1 against dollar
The Turkish lira weakened 0.5 per cent against the dollar early on Wednesday, hit by broad strength in the U.S. currency and by investor concerns...
Euro slumps to two-decade low as recession fears bite
The euro slumped to a two-decade low on Tuesday as the latest surge in European gas prices added to the region’s recession worries and a...
Bank of Cyprus announces voluntary retirement scheme
The Bank of Cyprus on Monday announced that it will implement a voluntary retirement scheme that will seek to reduce its staff by 15 per...
1970s-style stagflation now playing on central bankers’ minds
By John Hawkins “Stagflation” is an ugly word for an ugly situation – the unpleasant combination of economic stagnation and inflation. The last time the...
Cyprus Business Now
The Central Bank of Cyprus released a report this week noting that the country’s international investment position (IIP) improved slightly at the end of the...
Hellenic Bank ESG Impact Report for the year 2021
Hellenic Bank remains focused on its goal for a long-term positive impact on society and the environment. This commitment is also reflected in the Bank’s...
Cyprus Business Now
The amount of total deposits in the Cypriot banking system decreased in May, but still represented nearly double the amount of loans, according to a...
Markets in H1: The almost perfect storm
Investors knew that, after two years of COVID-19 chaos, 2022 would be a bumpy ride, but nobody expected this – the most turbulent first-half global...
State bank VTB, fintech firm execute Russia’s first digital asset deal
Russian lender VTB’s (VTBR.MM) VTB Factoring subsidiary and fintech company Lighthouse have executed the country’s first cash-backed digital financial asset transaction, the bank said on...
