Banking and Finance

Stocks and the euro were steady ahead of an European Central Bank meeting on Thursday, after stubborn U.S. inflation numbers triggered the biggest global market selloff in months and ...

Limassol district court dismissed on Thursday four consolidated lawsuits against the now-defunct Laiki Bank of Cyprus, the Central Bank of Cyprus, and the Republic of Cyprus concerning the 2013 haircut. The ...

Short sellers betting against MicroStrategy have lost $1.92 billion since March, according to data from S3 Partners, highlighting the hit from a rally that has helped the stock outperform bitcoin . The ...

The Bank of Cyprus proved its resilience, navigating the rough seas of the 21st century and emerging stronger, said group chairman Takis Arapoglou in an event the 125th anniversary of ...

Experlu has given the accountancy and audit industry in the UK and Ireland a significant transformation largely driven by technological advancements in the hiring process for professional accountants, bookkeepers, tax ...

The profitability of the Cyprus banking sector remarkably spiked by an annual 644 per cent in 2023, reaching €1.27 billion. This significant increase was fueled by the high-interest environment, according to data released ...

Members of the recently elected Board of the Cyprus Investment Funds Association (CIFA) met with the President, George Theocharides, the Vice President, George Karatzias, and key executives from the Cyprus ...

Consumers are becoming slightly less sceptical about bitcoin, a Deutsche Bank survey published on Monday showed, although just under a third of those questioned still expect its price to drop ...

The Deputy Ministry of Shipping will participate in the ‘Sea Japan’ international shipping exhibition in Tokyo, from April 10 to 12. In an announcement, it stated that ‘Sea Japan’, an international maritime ...

An early Easter boosted food spending in Britain last month, lifting retail sales by the most since August, but the broader picture remained subdued as wet weather dampened demand for ...

The profitability of the Cyprus banking sector remarkably spiked by an annual 644 per cent in 2023, reaching €1.27 billion. This significant increase was fueled by the high-interest environment, according to data released ...

Euro zone banks lowered the bar on mortgage approvals last quarter for the first time in over two years but demand for credit kept falling amid high borrowing costs and ...

MPs expressed their disappointment at the lack of ATMs available in Cyprus at the House commerce committee on Tuesday. Committee chairman and Disy MP Kyiacos Hadjiyiannis said he had contacted ...

The enrichment of Cyprus’ economic model is of vital importance, said the finance minister, Makis Keravnos, stressing that “the bet is to maintain the investment level” which was objective of ...

The Cyprus Statistical Service (Cystat) has released a report ‘Registration of Motor Vehicles’ for January-March 2024, highlighting a market where electric and hybrid cars, along with motor coaches, buses, and cargo-carrying ...

Since UBS rescued its stricken rival Credit Suisse a year ago, it has been waiting to hear how authorities will protect Switzerland from the risk of the country’s only ...

Britain’s John Lewis Partnership has appointed former Tesco executive Jason Tarry as its next chairman following Sharon White’s decision to step down from the retailer. Tarry, who has 33 ...

Christodoulos Patsalides was sworn in as Central Bank governor in a ceremony at the presidential palace on Tuesday morning. Patsalides was sworn in by President Nikos Christodoulides and described his ...

Web Summit co-founder Paddy Cosgrave on Monday returned as its chief executive officer, six months after resigning from the top job following a backlash over his comments on the Israel-Hamas ...

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 ...