Cyprus Business Now
The public deficit has fallen by 0.2 per cent in the first seven months of the year, with preliminary fiscal results by the Cyprus statistical service showing a General Government deficit ...
Understanding Cyprus electricity prices; why it gets worse
Cyprus must progress from lip-service to serious action if Cypriot consumers are ever to see serious reductions in their inexcusably high energy costs.
Household electricity prices shot-up by 38 per cent ...
Bank of Cyprus emerges from pandemic with €894mn new lending, 96% loan performance
Bank of Cyprus announced on Wednesday delivery of a robust performance in the first half of 2021: Revenue and profit is up, new lending has jumped to €894 million, and 96 per cent ...
Seven of the most interesting convertible mutual funds in the US
Convertible mutual funds play an important role in financial markets having the total number of open-end funds worldwide increase by 40% from 2011 to 2020. Almost half of these funds are located in ...
In Cyprus real estate, smaller houses, apartments are top choices
By Pavlos Loizou, Managing Director, WiRE-FS
Demographic and social changes are impacting the international housing market, and of course that of Cyprus.
In the US, large companies and high-net-worth individuals ...
First Abu Dhabi Bank expected to sell 250 mln pounds in 5-year bonds
First Abu Dhabi Bank (FAB.AD) is expected to sell 250 million pounds ($344.38 million) in five-year bonds, a document showed on Tuesday.
FAB, HSBC (HSBA.L), Standard Chartered (STAN.L) and ...
Britons turned cautious with credit in July as COVID-19 cases mounted
British consumers curbed their borrowing in July in the face of rising COVID-19 cases that forced many more people to self-isolate, and homeowners made a rare net repayment on their ...
Housing prices to stay high around the globe — Economists
The sizzling pace of house price rises in most major world housing markets since the pandemic began has likely peaked, but affordability is set to remain stretched or worsen in ...
Lebanese fintech leader plans European expansion from Nicosia
FOO, a leading fintech provider in Lebanon, has opened an office in Nicosia. The company plans to expand in Cyprus and around Europe from its base here.
by George Eid ...
Turkish central bank ‘drops’ $25bn in debt
Turkey’s central bank has changed the criteria identifying short-term external debt, thus reducing the amount on its books by $25 billion, the bank announced in a statement last week.
Short-term ...
US interest rates are soon to rise; threat to recovering economies is real — IMF Chief Economist
Gita Gopinath, chief economist of the International Monetary Fund (IMF), has warned that recovering economies will be threatened by a ‘taper tantrum’ — meaning that interest rates rise in the US ...
Cash rewards for shareholder dividends this year will be strong
Cypriots who invest in global stocks will get a bonus this year, if the company they’ve place funds with pays dividends. They may also be rewarded with a shares ...
Inflation fears have passed their peak – Economists
Have we passed the peak of inflation fear? Investment insights from EFG Bank
After one of the worst years for global economic growth in 2020, this year looks set to be ...
The Use Case for Creativity
When businesses stray into apperception, they tend to fall from the sublime to the ridiculous.
Businesses recognise creativity when it happens; that is simple perception. But in recent years, the ...
EFG Bank integrates innovation into strategy for clients
Most importantly, technology has to be benchmarked against our clients’ needs. We see technology as an enabler and change for the sake of change isn’t always a good thing. ...
At Bank of Cyprus innovation drives progress
Up to now, the Bank has launched a number of innovative products that allow customers, to seamlessly perform payments to merchants or transfers to third parties using their smart devices. ...
NBNX creates blockchain fund for startups
Andrew Anastasiou is the founder of NBNX.
Tell us what your company’s mission is, and describe in brief the strategy that implements that mission?
Our mission at NBNX is ...
The “Listen” Campaign for vulnerable children to launch tokens in September then NFTs in October
Wouldn’t you like to own an original work of art by Jeff Koons? Or a video of Eric Clapton and Rihanna arranging a song together?
Suppose you could also ...
UK pubs come back as international investors pile in
Most older Brits grew up with ‘going down the pub’ as a fixed ritual in everyday life. But all of this changed in the past decade, and pubs have been ...
Germany’s election in September could change economic policy
A momentous German election marking the end of Angela Merkel’s 16 years as chancellor is less than a month away and with no clear outcome in sight, markets may start ...
Abu Dhabi conglomerate plans billion-dollar acquisitions in region
Abu Dhabi conglomerate International Holding Co (IHC.AD) is considering acquisitions worth a few billion dollars in total across several sectors, including a real estate developer in Abu Dhabi, its ...
Cyprus and the global supply chain troubles
The global supply chain is grinding to a halt, under the pressure of soaring consumer demand for goods and insufficient technology at ports and for shipping. – this offers an opportunity ...
Banks expect stricter lending criteria for households
Banks expect stricter lending criteria for households, unchanged criteria for lending to businesses and an increase in the demand for loans in all categories for the second quarter of 2021, the ...
Taliban name head of central bank; banks, shops, businesses closed in Kabul
The Taliban have appointed an acting head of Afghanistan’s central bank to help ease growing economic turmoil, more than a week after the Islamist movement seized the capital Kabul, ...