Banking and Finance

Cyprus’ banking sector is undergoing significant changes, with recent mergers reshaping the financial landscape, according to a report from Stockwatch. At the same time, Cypriots are paying the highest mortgage ...

Total bank deposits in Cyprus recorded a net decrease of €211.3 million in January 2025, following a significant net increase of €977.4 million in December 2024, according to the Central Bank of Cyprus (CBC). ...

Alpha Bank on Thursday announced a binding agreement to acquire the total assets and liabilities of AstroBank Public Company Ltd for €205 million, a move strengthening its presence in the Cypriot ...

Hellenic Bank on Thursday reported a net profit of €383 million for the full year 2024, highlighting its strong financial performance and solid capital position. “2024 was a landmark year for Hellenic Bank ...

Today’s digital economy is high-speed, with businesses dealing in high-volume transactions, varied payment methods, and quick consumer responses. Managing payments is time-consuming, error-prone, labor-intensive, dangerous, and inefficient in cash ...

The Cyprus Borrowers Association (Syprodat) this week released a statement describing the “immediate and effective implementation of measures to tackle high living costs and secure a better future for young ...

The Bank of Cyprus announced on Monday the launch of a €30 million share buyback programme, a move previously signalled last week during the release of its preliminary 2024 financial results. In ...

Hellenic Bank reaffirmed its commitment to Cyprus’ hospitality industry with its participation at the 46th Cyprus Hotel Summit and Horeca Expo in Limassol, where sector challenges and opportunities were brought ...

The European Central Bank could cut its deposit rate down to 2 per cent by this summer, said Bank of France head and ECB policymaker Francois Villeroy de Galhau in an ...

A total of 571 counterfeit euro banknotes were withdrawn from circulation in Cyprus in 2024, marking an 11 per cent decrease compared to the previous year, according to the Central Bank of Cyprus (...

Cyprus’ non-performing exposures (NPEs) increased by approximately €16 million in October 2024, reaching €1.61 billion, according to a report released by the Central Bank of Cyprus (CBC). This CBC reported that this figure ...

Here are the top business stories in Cyprus from the week starting February 17: Kicking off the week, access to high-performance computing has long been a barrier for creative professionals, engineers, ...

Meta Platforms has cut back on its yearly distribution of stock options by about 10 per cent for tens of thousands of employees despite the social media giant trading at record ...

The ‘Money Conference 2025: Investment Outlook Opportunities & the AI Impact’, held in Nicosia this week, explored key investment prospects and the market impact of artificial intelligence. The conference, which was ...

The Cyprus Securities and Exchange Commission (CySEC) has announced a significant policy change, allowing for a broader range of cases in which prospectuses can be submitted in English. The regulator ...

Chinese startup DeepSeek will make its models’ code publicly available, it said on Friday, doubling down on its commitment to open-source artificial intelligence. The company said in a post on ...

Alibaba’s shares opened 10 per cent higher in Hong Kong on Friday to reach their highest level in more than three years, after it reported third-quarter revenues just above analysts’ ...

The Institute of Certified Public Accountants of Cyprus (ICPAC) and the Cyprus Institute of Internal Auditors (IIA Cyprus) renewed their agreement, reaffirming their commitment to good governance, transparency, and accountability. ...

Labour Minister Yiannis Panayiotou, in his intervention on Thursday at the ministerial conference organised by the Polish presidency of the EU in Gdańsk, addressed the challenges and opportunities presented ...

The ‘Money Conference 2025: Investment Outlook Opportunities & the AI Impact’, held in Nicosia this week, explored key investment prospects and the market impact of artificial intelligence. The conference, which was ...

Chinese technology company Lenovo reported a 20 per cent rise in third-quarter revenue on Thursday, as the global personal computer industry showed modest signs of recovery. Lenovo, the world’s largest ...

In the digital age, data has become the cornerstone of effective decision-making, offering unparalleled insights and opportunities, according to Anna Xinistery, general manager of consulting and professional development centre Kesea. ...

Toyota  in Cyprus remained the leader in the passenger car market in January 2025, registering 537 vehicles, while Mazda followed with 313 and BMW with 266, according to a report from the statistical service. ...

The Digital Cooperation Organisation (DCO) on Wednesday successfully concluded its fourth general assembly in Jordan, with the endorsement of a comprehensive 2025-2028 agenda aimed at advancing digital maturity across its ...