Banking and Finance

Minister of Agriculture, Maria Panayiotou, praised the economic value of the wine industry and revealed plans for global promotion through international events and financial support. She highlighted the government’s ...

The European Central Bank (ECB) is expected to keep the cost of borrowing at current levels when it meets on Thursday, as the rate of inflation is on a downward ...

Kedipes has announced a new repayment plan for non-performing loans (NPL) that would be secured by a primary residence, with a market value of up to €350,000. In a detailed statement, ...

The services sector performed very well in 2023 said the Employers and Industiralists Federation (Oev), with significant improvements registered in several key areas. Notably, the indicators for accommodation and catering services ...

In March 2023, total beer shipments experienced a notable increase, rising by 10 per cent year-on-year. This growth was primarily driven by domestic shipments. According to the data from the Cyprus Statistical ...

The fiscal surplus of the General Government significantly exceeded half a billion in the first two months of this year, demonstrating an increase of 34 per cent annually and reaching 1.7 per ...

Yianna Christou explains how beverage companies are embracing ESG. This shift in consumer priorities means that brands actively engaging in ESG initiatives can build, trust, credibility and emotional connection strengthening ...

Here are the top business stories in Cyprus from the week starting April 1: In a notable development in Cyprus, two brothers, George Geratziotis and Dr. Alexandros Geratziotis, have spearheaded an ...

Traders and investors are looking to global interest rate cuts and a closely-fought US election to drag the world’s currency markets from their deepest lull in almost four years. ...

In a bid to enhance sustainable development practices, banking and financial institutions are gearing up to introduce a groundbreaking tool for assessing companies’ compliance with Environmental, Social, and Governance (ESG) ...

Cyprus witnessed a notable increase in total new loans in February 2024, reaching €575.5 million, compared to €462.7 million in the previous month, according to a report released on Friday. This surge is ...

Alpha Bank Cyprus on Friday announced the launch of a new deposit product, offering a fixed deposit rate of 2.50 per cent annually for twelve-month deposits exceeding €70,000. “With a focus on ...

The Public Debt Management Office (PDMO) this week unveiled the interest rates for six-year nominal government bonds for individual investors, effective from the second series (July) of 2024. An announcement released ...

The Central Bank of Cyprus (CBC) this week completed its annual reassessment of the identification of credit institutions falling within the definition of Other Systemically Important Institutions (O-SII) for the ...

Global securities watchdog IOSCO on Thursday proposed detailed guidance on how regulators should supervise stock exchanges more closely to negate risks from changes in business practices. IOSCO, which groups financial ...

BBF is widely recognised as a leader among the top three development companies in Cyprus, specialising in high-end residential and commercial developments. Headquartered in Limassol, Cyprus, with additional branches in ...

The Central Bank of Cyprus (CBC) on Thursday reported an increase in bounced cheques during the first quarter of 2024, when compared to the same period of the previous year. According ...

Valentina Georgiadou has been appointed as the new Financial Commissioner, vacating her previous role as Deputy Financial Commissioner, according to an announcement made on Wednesday. Following a cabinet meeting on ...

The Neocleous Tower, an office building located in the centre of Limassol, will set new standards for environment-focused, commercial real estate in Cyprus. ‘Our idea to develop a ‘green’ sustainable ...

“At Freedom Finance Europe, we’re not just driven by ESG principles; we’re motivated by a profound respect for Cyprus and its people. Our commitment to promoting Cyprus’ sports, ...

UBS (UBSG.S) on Tuesday announced it was launching a new share buyback programme of up to $2 billion, with up to half being completed in 2024. The scheme will begin on ...

The ability to secure financing is a pivotal step for business growth, whether you’re starting a new venture or looking to expand an existing one. The process can seem ...

By Nicolas Christodoulides, Senior ESG Analyst BOC is focusing its efforts on fighting climate change, which is the biggest challenge that humanity faces Stainability is often defined as meeting the ...

Because of the assortment of trade impediments in the financial trade industry, arranged shippers are regularly mindful of the challenges related to utilizing financial trade associations. Along these lines, specialists ...