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1621. Loan restructurings in the Cyprus reached almost €2 billion due to Covid

Loan restructurings in the Cypriot banking system edged close to €2 billion in the first ten months of 2021, marking the highest figure according to Central Bank of Cyprus (CBC) records which began in end-2014....

1622. Consulco opens its Limassol office

Consulco the investment manager with offices in London, Dubai, Moscow and Nicosia established its newest office in Limassol. ...

1623. Safe pass arrest sheds light on giant loophole

A man at a local store in Limassol was arrested on Wednesday after police officers who asked to inspect his Safe Pass determined the document did not match his ID card, but not everyone is on the same page regarding secondary inspections at the door...

1624. Dubai ruler must pay ex-wife $700M in divorce settlement

A British court on Tuesday ordered the ruler of Dubai to pay his ex-wife and their children close to 550 million pounds ($730 million), in one of the most expensive divorce settlements in British history....

1625. How can banks use smart automation to improve customer service?

In all industries, there are often many tasks that require the attention of employees, but do not fully utilize their skills, such as archiving, entering data or replying to a routine email....

1626. Turkish lira whiplashes after Erdogan moves to protect savings

Turkey's lira rocketed back from record lows in volatile trading on Tuesday after Turkish President Tayyip Erdogan proposed measures to protect local currency savings against such swings....

1627. Turkish lira resumes slide to 17.5 against the dollar

The Turkish lira continued its freefall after President Recep Tayyip Erdogan rejected warnings from businesses about the dangers of recent interest rate cuts and vowed there was “no going back” from his approach....

1628. 100 employees leave Bank of Cyprus on a voluntary retirement plan

Bank of Cyprus announces the successful completion of a small-scale targeted voluntary retirement plan....

1629. Stasikratous Christmas wonderland

The Municipality of Nicosia, RCB BANK and EPIC invite you to a fantastic all-day Christmas experience on the most beautiful street of the city, Stasikratous this weekend December 18 and 19....

1630. Cyprus makes progress in fight against terrorist financing

Cyprus has continued to make progress in strengthening banking efforts to combat terrorist financing, according to the State Department's report on terrorism for 2020. ...

1631. Bank of Cyprus to impose new and increased fees from February 15, 2022

Bank of Cyprus will be imposing new and increased fees by February 2022, adopting the general trend of the European banking sector of increasing bank charges to cover a reduction of income stemming from low interest rates....

1632. Erdogan should focus on his economy, not Greece

With the Turkish lira continuing its precipitous slide, the risk of capital controls looming dangerously and Recep Tayyip Erdogan’s legal adviser even going so far as to consider that declaring a state of emergency might be needed...

1633. Turkish lira blows through 15 to dollar ahead of rate decision

The Turkish lira dropped to an all-time low beyond 15 against the dollar on Thursday ahead of another expected interest rate cut by the central bank, which has fallen in line with President Tayyip Erdogan’s risky new economic program....

1634. Inflation in Britain jumped to its highest level in the last 10 years at 5.1%

Inflation in Britain has jumped to a 10-year high due to a sharp rise in prices, according to data released on Wednesday on the eve of the Bank of England's decision on interest rates....

1635. More foreign banks come to Athens

Big global banks are planning to open branches in Athens next year, while other lenders are expanding their existing banking activity in Greece...

1636. Former Finance Minister Michalis Sarris new president of AstroBank

Mr. Michalis Sarris, former Minister of Finance, assumes the chairmanship of the Board of Directors of AstroBank....

1637. Moves to make banking faster

As part of the strategy to create faster, more flexible and efficient banking services, the Governor of the Central Bank of Cyprus (CBC), Mr. Konstantinos Herodotou,...

1638. Bank of Cyprus fined 790,000 euros

The Central Bank of Cyprus said it has imposed a fine amounting to €790,000 to Bank of Cyprus, the island’s largest lender over failure to comply with τhe anti-money laundering law and the CBC directive....

1639. 'ΜY SNOWMAN' A Musical for Young Audiences

“It’s Christmas Eve and the whole town is asleep. But the girl, sad, wide awake and all alone in her room is looking out the window hoping for a miracle: If only her Snowman would come alive and be her best friend, the friend she so desperately needs…”...

1640. As millions fell into poverty during the pandemic, billionaires' wealth soared

The coronavirus pandemic has worsened the massive financial gap between rich and poor around the world, a new report has found....

1641. Clarifications Min. Health for the new measures - The exceptions for telework

In a written announcement, the Ministry of Health clarified the new measures that were decided upon during yesterday's meeting of the Council of Ministers....

1642. Employers must pay at least 28 euros per month to teleworking employees in Greece

Employers will have to pay a minimum compensation of 28 euros per month to each of their employees who are teleworking,...

1643. Cyprus scrambles to legislate whistleblower law

Members of parliament in the Republic of Cyprus are urgently making their way to the justice ministry to compare notes on whistleblowing protections legislation, as the country scrambles to meet an EU deadline next month...

1644. Actualizing the ESG proposition The journey towards sustainability, resilience and purpose

1645. Debt sustainability in all Member States

ESM Managing Director Klaus Regling strongly believes that public debt is currently sustainable in all Member States of the monetary union. ...

1646. It's raining money, hallelujah!

Whoever said it never rains in Southern California didn't expect a shower of money to rain down on a California highway....

1647. President Anastasiades warns over restrictions for unvaccinated persons

Cyprus President Nicos Anastasiades warned on Saturday over possible restrictions for unvaccinated persons, stating that some people should realize that they also have a social responsibility....

1648. 'Three Approaches to Measuring Natural Resource Scarcity: Theory and Application to Groundwater'

Professor Phoebe Koundouri's thesis, "Three Approaches to Measuring Natural Resource Scarcity: Theory and Application to Groundwater" which was published by Peterhouse of the University of Cambridge, is now available for free on Read Library....

1649. 'Time is not on the side of a solution'

While giving her perspective on the current challenges and opportunities in the Cyprus issue, Elizabeth Spehar warned of the passing of too much time and that "the more time passes, the greater the possibility that the divide will be entrenched". ...

1650. London Credit Fund Q3 2021 Results Exceed its 4 % pa target return

Consulco announced that during Q3 2021, London Credit Fund achieved a dividend of £11.55 in per unit of its Class A shares, $10.84 per unit for its Class C shares and €10.57 per unit for its Class E shares....