BANKS Eurobank opens Mumbai office, links India–Europe payments Newsroom Eurobank officially opened its representative office in Mumbai on Thursday, marking a major step in its expansion into India, with Cyprus playing a key role in the new bridge between Europe and one of the world’s fastest-growing economies. READ MORE
Nuvei to buy in cash Cyprus based fintech firm SafeCharge for $889 million The deal will create a company with a revenue of approx. $300 million and a transaction volume of approx. $30 billion Newsroom 28/05/2019 | BUSINESS
DBRS reaffirms Cyprus’s rating NPE challenges remain but growth continues to be strong Newsroom / CNA 20/05/2019 | BUSINESS
CBC ready to examine ambiguities in AML laws Herodotou said Cypriot banks take more time to carry out due diligence checks compared with their EU peers Source: CNA 17/05/2019 | BUSINESS
EU regulators fine five banks 1.07 billion euros for forex rigging Barclays, Citigroup, JPMorgan, MUFG and Royal Bank of Scotland fined by EU Source: Reuters 16/05/2019 | BUSINESS
Cyprus and Kazakhstan sign double taxation avoidance agreement The treaty is based on the OECD’s Model Convention for the Avoidance of Double Taxation on Income and on Capital Newsroom / CNA 16/05/2019 | BUSINESS
Radisson to expand footprint into Nicosia Hotel chain established in Larnaca throws hat in the ring as capital’s hotel industry is reshaped Newsroom 15/05/2019 | BUSINESS
Russian World Foundation honors Andreas Neocleous Lawyer Andreas Neocleous honored at ceremony at the Russian House in Limassol Newsroom 15/05/2019 | BUSINESS
Bank of Cyprus posts profit amid CEO departure Management actively exploring strategies to further accelerate de-risking said Hourican Newsroom 14/05/2019 | BUSINESS
New CEO for Bank of Cyprus Insider Panicos Nicolaou will replace John Patrick Hourican as Chief Executive Officer Newsroom 13/05/2019 | BUSINESS
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