Banking and Finance

Despite the ongoing Covid pandemic, the Cypriot banking sector has achieved remarkable progress and was steadily headed towards viability, Finance Minister Constantinos Petrides said on Wednesday addressing the bank association ...

The Cyprus Statistical Service has released a report showing that the first six months of the year saw a total of 3,990 building permits being issued by the relevant municipal authorities, ...

Major European banks have placed €20 billion, around 14 per cent of their overall profits and a figure which has remained unaltered since 2014, in countries listed as tax havens, a study by ...

The European Commission on Tuesday announced the adoption of its new Green Bond framework, taking a step towards issuing €250 billion (about $298 billion) in green bonds, equivalent to 30 per cent of ...

The Central Bank of Cyprus (CBC), professional regulatory bodies and business stakeholders have agreed on ten steps to rationalise banking procedures. These include Know-Your Client (KyC) and client due diligence, ...

Britain needs to ease taxes on banks and make it easier to hire staff from abroad, its financial and professional services lobby said in a blueprint to help London unseat ...

El Salvador will on Tuesday become the first country in the world to recognize bitcoin as legal tender, a move President Nayib Bukele says will save Salvadorans living abroad millions ...

The rebound phase for companies emerging from the pandemic is over, says the Gartner Group. Most companies are now preparing to reach the ‘next normal’ — exiting phase three of the ...

Cyprus Shipping Deputy Minister Vassilios Demetriades met with his Egyptian counterpart Transport Minister Kamel al-Wazir on Saturday, September 4, as part of the wider intergovernmental conference between the two governments. The ...

Saudi Arabia, the world’s top oil exporter, slashed prices of all crude grades to Asian customers in October versus September, but left prices to northwestern Europe and the United ...

Bitcoin rose 0.49 per cent to $50,188.4 at 1004 GMT on Sunday, adding $245.24 to its previous close. The world’s biggest and best-known cryptocurrency is up 81 per cent from this year’s low ...

The main money exchange market in Kabul, capital of Afghanistan, reopened on Saturday (September. 4), 10 days after Taliban takeover, as a banking crisis still exists in the Asian country, a local ...

The US economy created the fewest jobs in seven months in August as hiring in the leisure and hospitality sector stalled amid a resurgence in Covid-19 infections, which weighed on ...

With the recent rebound across cryptocurrencies of various types, it’s time to take a hard look at the ones most likely to return on investment. The rebound started back ...

The government will continue supporting economic activity so that after the pandemic is over, previous positive growth rates will return, Finance Minister Constantinos Petrides said on Saturday. In a written ...

The Cyprus Securities and Exchange Commission (CySEC) presented its annual report for the previous year to the President of the Republic of Cyprus Nicos Anastasiades. The presentation of the report ...

European Union and International Monetary Fund (IMF) representatives will begin their post-memorandum inspection of the Cypriot economy on September 13 and conclude the process on September 22. The inspection, which will include ...

DeFi, decentralised finance, is the fastest-growing market in the cryptocurrency universe. More than $61 billion worth of trades have been executed in the market, up from about $15 billion at the start ...

Turkey’s annual consumer price inflation accelerated to 19.25 percent, extending the highest level since a currency crisis in 2018, according to data published by the Turkish Statistical Institute on Friday. The ...

Statement by the Minister of Finance Mr. Konstantinos Petridis on the declining course of unemployment in Cyprus: “I want to express my satisfaction because according to official EUROSTAT statistics, Cyprus ...

The euro climbed to a one-month high against the dollar of $1.1857 on Wednesday after a survey showed strong European manufacturing growth coupled with inflationary pressure from supply-chain snarls. The euro ...

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 ...

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 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 ...