Banking and Finance
NatWest pleaded guilty on Thursday to failing to prevent the laundering of nearly 400 million pounds ($544 million) and faces a heavy fine after becoming...
Stablecoins to face same safeguards as traditional payments
Stablecoins would have to comply with the same safeguards as their more traditional competitors in payments under proposals from regulators on Wednesday as authorities get...
Budget to drastically reduce deficit says minister
The 2022 state budget will feature a significant fiscal correction, after two years of high deficits, said finance minister Constantinos Petrides, while handing it to...
International initiative to protect investing public
The Cyprus Securities and Exchange Commission (CySEC) is participating in World Investor Week, a global campaign seeking to educate and protect investors. Through its participation...
Finance ministry seeking extension for state guarantees period
The finance ministry is trying to secure an extension of the period in which banks can provide businesses and the self-employed with state-guaranteed loans, as...
Cyprus Business Now
Limassol-based GP General Procurement Compan Limited (GenPro), a maritime and commercial procurement company, held its first annual Blue Day Sustainability Seminar in September. The seminar...
Lending criteria remain unchanged in 2nd quarter, demand for loans by households increases
Lending criteria to both businesses and households remained unchanged in the second quarter of 2021, but it is expected that they will become stricter in...
Cryptocurrencies post inflows for 7 straight weeks, led by bitcoin
Cryptocurrency investment products and funds recorded inflows for a seventh straight week, as institutional investors warmed to more supportive statements from regulators, data from digital...
IMF, World Bank plagued by leadership upsets, scandals
Investigations into the roles of now-IMF Managing Director Kristalina Georgieva and former World Bank president Jim Yong Kim in altering World Bank data to favour...
Switzerland files criminal complaint over Greensill
Switzerland’s economic affairs secretariat (SECO) has filed a criminal complaint in relation to collapsed financier Greensill Capital for alleged violations of the law against unfair...