#European Central Bank

Public sector workers’ unions and bank employees’ union Etyk are planning to create a new cooperative savings bank. Civil servants’ union Pasydy secretary-general Stratis Matheou told the Cyprus Mail on ...

Between the government’s main focus being more and better paid public employees and banks’ passiveness and single-mindedness the economy only works for the few President Nicos Anastasiades, Minister of ...

The European Central Bank (ECB) on Thursday said it has withdrawn the banking licence of Cyprus’ RCB Bank Ltd. The decision follows the orderly completion of the bank’s voluntary ...

The role of negative interest rates – becoming an ever more prevalent reality – in reviving hard hit economies Deposits in Cyprus banks recorded an increase for the fifth consecutive month in ...