Banking and Finance

In June, Cyprus’ annual inflation rate, as measured by the Consumer Price Index (CPI), remained steady at 3 per cent, mirroring the previous month’s figure. Notable price increases were observed ...

Euro zone households are applying for loans in growing numbers for the first time in two years as they grow more optimistic about the economy and interest rates fall, a ...

Solutions must be in place to help ship owners with navigating the complex challenges of complying with the new FuelEU Maritime regulations, said Columbia Group. With the introduction of FuelEU ...

Shoppers are likely to spend roughly $14 billion during Amazon’s Prime Day two-day shopping event this week, according to projections from Adobe Analytics, a firm that studies e-commerce transaction data. ...

Global smartphone shipments rose 6.5 per cent in the second quarter, driven by Samsung Electronics and Apple, preliminary data from IDC showed on Monday, but a full recovery in demand is ...

Deputy Minister of Tourism Kostas Koumis is satisfied that the latest figures on tourist arrives indicate they would be at the same levels as 2023, a good year for the industry. ...

The Chartered Financial Analyst (CFA) Society Cyprus elected a new board of directors at this week’s AGM. Nikos Potamaris is the new board chiarman, succeeding Andreas Kleanthous, while Konstantinos ...

Representatives of Cyprus’ Research and Innovation Foundation (RFI) and the Japan Science and Technology Organisation (JST) recently met in Nicosia to establish collaborations in cutting-edge fields such as artificial intelligence, ...

The Central Bank of Cyprus (CBC) has reported a deceleration in the House Price Index (HPI) for houses and apartments in the first quarter of the year 2024. This trend is ...

Projects worth €141 million are set to transform the Polis Chrysochous area in the coming years, said the mayor Yiotis Papachristofis. Among these developments is the €60m expansion of the harbour ...

Prepare to dive into the forefront of AI technology and explore groundbreaking topics such as running large language models (LLMs) on local machines, mass AI adoption, AI in Rust, and ...

The transport sector has witnessed a decline in turnover, according to the latest data released by the Cyprus Statistical Service (Cystat). The turnover index for transport and storage in the ...

Representatives of Cyprus’ Research and Innovation Foundation (RFI) and of the Japan Science and Technology Organisation (JST) recently met in Nicosia, to establish collaborations in cutting-edge fields such as artificial ...

The Bank of Cyprus on Monday announced a revision to its privacy statement in alignment with the European Union’s general data protection regulation (GDPR) and relevant national legislation. The ...

Hellenic Bank’s board of directors on Friday issued a statement regarding the public offer made by Greece’s Eurobank to acquire the entirety of its share capital, deeming the ...

The Cyprus Investment Funds Association (CIFA) on Friday expressed satisfaction with the increase in Assets Under Management (AUM) of Cypriot investment funds. According to the latest data released this week ...

Cypriot lender AstroBank announced on Thursday the opening of its new branch in Dali, Nicosia, marking the 15th location in its expanding network. In its announcement, the bank noted that ...

Rating agency Morningstar DBRS has indicated it will closely monitor developments surrounding Eurobank’s acquisition of Hellenic Bank, predicting a generally neutral impact on the bank’s credit fundamentals with ...

Moody’s Ratings announced on Thursday that it has upgraded the Bank of Cyprus’ long-term deposit ratings to Baa1 from Baa3, changing the outlook to stable from positive. According to ...

The Cyprus Securities and Exchange Commission (CySEC) on Wednesday released its quarterly bulletin, revealing that the number of Management Companies and Undertakings of Collective Investments (UCIs) under its supervision remained ...

Christos Panayides has been re-elected as secretary general of the bank employees’ union Etyk, following the formation of a new board of directors. According to an announcement released this week, ...

Cypriot lender Hellenic Bank has signed an agreement to acquire insurance provider CNP Cyprus, according to an announcement made by the bank on Wednesday. The announcement stated that the consultation ...

Digital payments have a significantly smaller environmental impact compared to cash transactions, according to a report by the European Digital Payments Industry Alliance (EDPIA). The study, conducted by Oxford Economics, ...

The Central Bank of Cyprus (CBC) presented the benefits of the planned digital euro at a press conference on Tuesday, while also providing details on the efforts being made behind ...