Banking and Finance

The Finance Ministry is preparing a study to revise the laws surrounding the annual corporate levy, said a spokesperson for the Ministry of Finance in the parliamentary Trade Committee, with ...

Cyprus witnessed a historic record in the value of investment funds funnelled into the local economy at the end of June, reaching an astounding €2.9 billion, out of a total of €10.7 ...

Finance executives at top British firms are more wary about borrowing than at any time since at least 2007, according to a survey which underscored how the climb in interest rates ...

The Australian government said this week that it planned to introduce laws that would empower the central bank to regulate digital wallet providers including Apple Pay (AAPL.O) and Alphabet’...

With three gold and two silver medals, Cyprus ranked third in The Economist’s economic pentathlon which calculated how the 27 EU member states perform on the five major challenges facing ...

In a rapidly evolving global financial landscape, the role of financial institutions and fintech companies is more crucial than ever. One such company making waves in the industry is Admiral ...

The Cyprus Securities and Exchange Commission (CySEC) this week reported that the assets under management (AUM) for Management Companies and Undertakings of Collective Investments (UCIs) in the second quarter of 2023 ...

By Maria Demertzis The digital euro will likely be a reality in the not-so-distant future. For the European consumer, however, is still unclear what difference it will make to her ...

Big banks in Britain are preparing for any future escalation of Western sanctions on China and have shared their “scenario planning” with the British and US governments, a senior banking ...

Governor of the Central Bank of Cyprus (CBC) Constantinos Herodotou is participating in the annual meetings of the World Bank and the International Monetary Fund (IMF), taking place this week ...

Cyprus has reported a government surplus of €881.9 million, equivalent to 3.1 per cent of the Gross Domestic Product (GDP), according to preliminary fiscal results released by the state’s statistical service ...

Cyprus experienced a substantial improvement in its current account deficit during the second quarter of the year, which narrowed to €346.1 million from €1.04 billion in the same period last year, according ...

Alpha Bank Cyprus on Wednesday announced that it has undergone a reorganisation of its management structure, combined with an expansion of its executive committee, according to a company statement. The ...

The International Monetary Fund (IMF) on Tuesday lowered its growth projections for Cyprus for the year 2023, citing various economic factors for this decision. According to the fund’s World Economic ...

The Cyprus Securities and Exchange Commission (CySEC) on Tuesday issued a warning that certain people are impersonating CySEC representatives on social media platforms in order to defraud them. This alert ...

In a move aimed at bolstering its regulatory framework in the cryptocurrency sector, Cyprus is planning to introduce stringent penalties for cryptocurrency service providers (CSPs) who fail to register with ...

The US Securities and Exchange Commission (SEC) has taken Elon Musk to court again, and this time it may win. The agency on Thursday asked a federal court to force ...

The Cyprus Securities and Exchange Commission (CySEC) unveiled its comprehensive “Investor Guide to Sustainable Investing” on Monday, shedding light on the growing importance of sustainable investing and providing essential insights ...

By Ioannis Tirkides Europe’s fiscal rules were suspended in 2020 in the wake of the Covid crisis, the outbreak of war in Ukraine and the energy crisis it triggered. A ...

Here are the top business stories in Cyprus from the week starting October 2: The Governor of the Central Bank of Cyprus (CBC) Constantinos Herodotou on Friday used his keynote address ...

The Governor of the Central Bank of Cyprus (CBC) Constantinos Herodotou on Friday used his keynote address at the 14th Limassol Economic Forum to provide insights into the economic outlook ...

The Central Bank of Cyprus (CBC) released its latest data this week, revealing a minor increase in deposit interest rates in Cyprus in August 2023 compared to July. While the interest ...

Net new loans in Cyprus decreased by €71.2 million in August 2023, compared to July 2023, according to the latest data from the Central Bank of Cyprus (CBC). According to the report, net ...

The Appeals Court has voided a prior court ruling which had fined a former banker €100,000 for having made misleading statements concerning the cash flow of now-defunct Laiki (Popular) Bank. The ...