Banking and Finance

President Nikos Christodoulides on Thursday met with the advisory committee on tax reform, asking that progress on this matter be accelerated, in order to reap any benefits at the earliest ...

The recent annual tourism conference, organised by the Association of Cyprus Tourist Enterprises (Stek) with the support of Hellenic Bank, focused on discussing the future of Cyprus’ tourism industry and ...

Cyprus saw a decrease in net demand for new business loans in the final quarter of 2023, continuing a downward trend observed since the first quarter of 2022, albeit to a lesser ...

The Bank of Cyprus’ appeal against a €950,000 fine levied against them in 2014 was accepted by the Supreme Court on Wednesday. The fine had been levied by the Cyprus Securities and ...

The Chartered Financial Analyst (CFA) Society Cyprus recently held an educational interactive day focused on private equity and investment funds. The event involved the presence of members of the association, ...

Visa (V.N) and Mastercard (MA.N) reached an estimated $30 billion settlement to limit credit and debit card fees for merchants, with some savings likely to be passed on to ...

The Cyprus Securities and Exchange Commission (CySEC) imposed a number of fines for a variety of violations during March, pertaining to two entities, worth a total of €76,500, spread across three ...

Here are the top business stories in Cyprus from the week starting March 18: In response to the growing demand for sustainable and environmentally friendly business practices, the Cyprus Chamber of ...

In line with the annual global awareness campaign, Global Money Week 2024, coordinated by the Central Bank of Cyprus (CBC), the CBC has taken the initiative to create educational videos aimed ...

The Central Bank of Cyprus (CBC) on Friday slightly revised its forecast for the country’s economic growth in 2024, estimating it to be at a rate of 2.8 per cent. This ...

Some western banks are lobbying against EU proposals to redistribute billions of euros in interest earned on frozen Russian assets, senior industry sources said, fearing it could lead to costly ...

The Cyprus Stock Exchange (CSE) on Thursday announced the introduction of 25,000 new government bonds by the Republic of Cyprus. Specifically, the CSE confirmed its acceptance of the introduction of 25,000 Government ...

The Central Bank of Cyprus (CBC) on Thursday reported that a total of 16 bounced cheques, worth €19,388 overall, were issued in February. This resulted in 9 individuals (7 legal entities and 2 natural persons) ...

Cyprus’ Finance Minister Makis Keravnos on Wednesday met with the president and members of the board of directors of Eurobank Holdings, during which he underscored the significance of attracting foreign ...

The Bank of Cyprus (BoC) on Wednesday announced that it has obtained approval from the European Central Bank (ECB) to pay a cash dividend and to conduct a share buyback ...

Navigating the loan application process can be a daunting task, especially for first-time applicants. However, understanding the process can significantly enhance your chances of approval. This comprehensive guide aims to ...

Money market pricing and short-term trading signals make the idea of the first Bank of England rate cut coming in late summer look like a clear bet. Economists and strategists ...

Here are the top business stories in Cyprus from the week starting March 11: REALTYon, the only event in Cyprus dedicated to the entire property industry, is returning for its second ...

The Cyprus Securities and Exchange Commission (CySEC) on Friday announced its active participation in the annual Global Money Week (GMW2024), a pivotal global campaign dedicated to promoting financial literacy, with ...

The Central Bank of Cyprus (CBC) on Friday announced its coordination of the annual global awareness campaign, Global Money Week, scheduled to take place from March 18 to 24, 2024. This initiative, organised ...

The 16th evaluation of Cyprus’ post-memorandum economic situation is set to commence next Tuesday and conclude on Friday, as confirmed by the island’s lenders. The evaluation will encompass an ...

The Bank of England will start cutting borrowing costs in the third quarter although 40 per cent of economists saw an earlier trim, according to a Reuters poll which showed it ...

The Bank of Cyprus on Thursday announced that it has acquired a restructured loan portfolio, with a total gross accounting value of €58.4 million, as of December 31, 2022, from state-owned asset management ...

Zara-owner Inditex’s shares rose to a record high after it reported positive early spring sales, boosted by upmarket fashions and continuing the strong momentum that saw its 2023 revenue growth ...