Banking and Finance

Thomas Kazakos has officially taken over as secretary general of the International Chamber of Shipping (ICS), following a handover ceremony during the organisation’s general assembly in Athens, marking the ...

Central Bank of Cyprus (CBC) governor Christodoulos Patsalides on Thursday urged Cypriot banks to remain “vigilant and adaptive” in the face of mounting global uncertainty, stressing their role as “pillars ...

European Banking Federation (EBF) director general Wim Mijs on Thursday sounded the alarm on the consequences of fragmented regulation in the European Union. Mijs stated that over €1 trillion in inactive ...

Merger initiatives have accelerated in Cyprus, according to Aristidis Vourakis, president of the Association of Cyprus Banks and CEO of AstroBank, who also revealed that Deutsche Bank is considering a ...

Finance Minister Makis Keravnos on Thursday called on the Cypriot banking sector to step up lending, support innovation and startups, and embrace cultural change through digital transformation. “The challenges facing ...

Central Bank of Cyprus (CBC) governor Christodoulos Patsalides on Thursday urged Cypriot banks to remain “vigilant and adaptive” in the face of mounting global uncertainty, stressing their role as “pillars ...

Eurobank Research has retained the top spot for overall macroeconomic forecasts for Greece for the second consecutive year. This year, the bank has also achieved first place in Cyprus for ...

Eurobank S.A., a subsidiary of Eurobank Ergasias Services and Holdings S.A., on Wednesday announced the completion of the squeeze-out procedure for the acquisition of the remaining shares of ...

The Finance Ministry on Wednesday announced the upcoming delisting of a government security issued earlier this year by the Republic of Cyprus. The 13-week treasury bills, identified under the code ...

Cyprus took the spotlight at the Investopia Global Mediterranean Forum in Limassol this week, with Energy Minister George Papanastasiou reaffirming the country’s commitment to building closer ties with the ...

Freedom Holding Corp., the parent company of Freedom24, has been selected for inclusion in the internationally recognised Russell 3000® Index as part of its 2025 annual reconstitution. The inclusion will become effective ...

Cyprus posted a trade deficit of €2.61 billion for the period between January and April 2025, up from €2.46 billion recorded during the same period in 2024, despite a notable surge in exports, according ...

Columbia Group is anchoring new maritime ventures in Cyprus, leveraging its collaboration with the Emirates Shipping Association to drive digital transformation across the wider region. Speaking at the Investopia Global ...

Cyprus took the spotlight at the Investopia Global Mediterranean Forum in Limassol this week, with Energy Minister George Papanastasiou reaffirming the country’s commitment to building closer ties with the ...

The United Arab Emirates sees Cyprus and the wider Mediterranean as strategic partners in building a resilient and innovation-driven regional economy, UAE minister of Economy Abdulla bin Touq Al Marri ...

Most businesses are still failing to align AI investments with workforce readiness, according to Kyndryl’s People Readiness 2025 report, with 71 per cent of leaders admitting their workforces are not yet ...

The Bank of Cyprus on Friday announced a fresh reduction in its reference interest rate for loans linked to the European Central Bank’s (ECB) base rate, in direct response ...

The Finance Ministry on Thursday expressed satisfaction with the findings of the European Commission included in the 2025 Spring Package for Cyprus. In a statement, the ministry said that the report “...

The European Central Bank cut interest rates as expected on Thursday and kept all options on the table for its next meetings even as the case grows for a summer ...

Cypriots are speaking out about their most painful financial mistakes as part of a new campaign launched on Thursday by the Cyprus Securities and Exchange Commission (CySEC) and the department ...

Both deposit and lending interest rates in Cyprus recorded a decline in April 2025, according to data released this week by the Central Bank of Cyprus (CBC). At the same time, ...

Cyprus is no longer considered a country with macroeconomic imbalances, according to the European Commission’s 2025 Spring Package under the European Semester. This decision follows a sustained reduction in vulnerabilities ...

Deloitte Cyprus on Tuesday announced the appointment of two new partners, effective from June 1, 2025, marking an expansion of its leadership team. According to the announcement, Nicholas Theofilou has been promoted ...

The government is committed to implementing tax reform on January 1, 2026, and “this is something that cannot be changed,” President Nikos Christodoulides said on Tuesday. The president convened a meeting to ...