Banking and Finance

Despite the ongoing effects of the pandemic Hellenic Bank is still on course to meet its long-term objectives, its new CEO Oliver Gatzke said on Friday as the bank posted ...

China Evergrande inched closer on Friday to the potential default that investors fear, missing a payment deadline in one of the clearest indications yet that the developer whose debt struggles ...

Trade union Sek has released a press statement saying that it has been asking for a ‘prudent and comprehensive’ tax reform that will be shaped by dialogue and consultation and ...

European Central Bank policymakers are bracing for inflation to exceed the bank’s already raised estimates, paving the way for it to end its emergency bond purchases in March, sources ...

Emphasis on implementing sustainable practices and supporting ‘green’ initiatives and businesses Extreme weather events are wreaking havoc on many parts of the planet, making the consequences of climate change visible ...

Robinhood Markets Inc (HOOD.O) said on Wednesday it plans to begin testing cryptocurrency wallets next month, with a broader rollout in early 2022, allowing its users to move supported digital ...

The Research Foundation’s chairman Nikolas Mastroyiannopoulos announced on Wednesday two new security and defence programmes. The programmes are worth a total of €3 million and are part of Cyprus’ recovery ...

A surge in fraud attacks on consumers since the pandemic has become a ‘national security threat’ for Britain requiring government-coordinated action across industries, banking industry lobby group UK Finance has ...

More than €200 million in EU funds has been allocated to improve the competitiveness of Cypriot businesses between 2021 and 2027, but the full absorption of this amount could be endangered by a ...

71 community councils have been exempted from contributing to the construction cost of various small-scale projects amounting to €5.2 million in total. The councils’ contributions will instead be sourced from savings made ...

Cryptocurrency investment products and funds saw inflows for a fifth consecutive week as market sentiment on the sector continued to improve, data from digital asset manager CoinShares showed on Monday. ...

And so it begins: Taxes in the world’s wealthiest countries are rising. Inevitable perhaps given the unprecedented COVID-era debt surge and, according to some investors, even a good thing ...

How RegTech companies can help transform Cyprus into a tech hub For several years, we have been empowering fintech firms with the regulatory technology (RegTech) tools required to drive efficiency ...

By Savvakis C Savvides Every capital investment whether deemed to have negative or positive Net Present Value has, like a coin, two sides. One is the return side and the ...

US officials are examining possible insider trading and market manipulation at Binance, Bloomberg News reported on Friday, potentially adding more heat to the cryptocurrency exchange that has become a target ...

Businesses asking for bank loans will have to show commitment to the green economy and sustainable development in the future a gathering of business leaders was told this week. “According ...

Anyone can be a banker these days, you just need the right code. Global brands from Mercedes and Amazon (AMZN.O) to IKEA and Walmart (WMT.N) are cutting out ...

Global financial, investment fund and derivatives industry bodies have called on the European Union to extend permission for clearing houses in Britain to serve customers in the bloc to avoid ...

AstroBank appointed two new board members on Friday, September 10. In an announcement released on Thursday, September 16, the bank said that Michalis Sarris and Evi Rossidou have joined the board. Rossidou ...

Britain will be piloting a digital version of the pound within a few years to cut the cost of money transfers, NatWest bank chairman Howard Davies said on Tuesday. Central ...

The cabinet has appointed George Theocharides as the Cyprus Securities and Exchange Commission’s (CySEC) new chairman, promoting him from the post of vice chairman, which he held since July ...

US cryptocurrency exchange Coinbase Global Inc (COIN.O) said on Tuesday it increased the size of its debt offering to about $2 billion from previously announced $1.5 billion, citing market interest. The ...

CyprusInno has launched a new coworking space called The Base in Nicosia’s Ledra Palace buffer zone. The centre will not be limited to coworking elements as it wil also ...

Lebanon’s outgoing finance minister Ghazi Wazni said on Tuesday a contract for a forensic audit of the central bank would be signed in a few days by the new ...