Search

631. 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....

632. 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....

633. 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....

634. 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....

635. 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...

636. 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....

637. 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,...

638. 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,...

639. 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. ...

640. 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....

641. US food banks struggle to feed hungry amid surging prices

U.S. food banks already dealing with increased demand from families sidelined by the pandemic now face a new challenge — surging food prices and supply chain issues walloping the nation....

642. Cypriot banks to reduce costs

The President of the European Banking Authority speaks to "K"...

643. Cyprus frets ‘pandoramonium’ overshadowing good work

The Cypriot finance ministry says a European Parliament resolution on Pandora Papers and subsequent criticism by local opposition is overshadowing the amount of good work that has been done on the island against illegal activities, as some parties are calling on the president to step down...

644. The largest tech conference in the region begins Tuesday in Cyprus

Speakers from around the world are gathering in Nicosia for the largest tech event in the region. ...

645. The City of London Is Hiding the World’s Stolen Money

In 1969, two years after the Cayman Islands, a British territory, passed its first law to allow secretive offshore trusts, an official government report struck an ominous note....

646. Thousands of property assets in Greece are up for auction

The Greek property market is about to welcome a host of new offerings as the companies that manage loans secured on properties either for banks or the funds that have acquired them are resuming online auctions in large numbers....

647. More than 330 current and former politicians identified as beneficiaries of secret accounts

A huge leak of financial documents published by several major news outlets on Sunday reportedly linked world leaders to secret wealth stockpiles, including King Abdullah of Jordan, Czech Prime Minister Andrzej Bremen and Prime Minister Andrei Bredo....

648. K. Treppides & Co Ltd: Renewed European finance strategy and implementation of the action plan on financing sustainable growth

The European Commission adopted on 21 April 2021, a comprehensive package of measures to help improve the flow of money towards financing the transition to a sustainable economy, whereas these measures will be instrumental in reaching climate and environmental targets as well as vital for economic recovery from the COVID-19 pandemic. ...

649. Electronic Money and Payment Institutions launch professional association

ECOMMBX is proud to announce the establishment of the Association of Cyprus Electronic Money and Payment Institutions (ACEMPI), with a number of the company’s management team members among the new Association’s leadership....

650. China declares all cryptocurrency transactions illegal

China’s central bank on Friday declared all transactions involving Bitcoin and other virtual currencies illegal, stepping up a campaign to block use of unofficial digital money....

651. Hellenic posts 21 million euro profit

Hellenic Bank posted after-tax profits of €21 million for the first half of 2021....

652. Southern European banks set for climate hit

Banks in southern Europe are set to be among the hardest hit if climate change is not mitigated as their clients are most exposed to natural hazards such as wildfires,...

653. EY and IIF survey shows climate change top concern for banks

654. Cyprus issues blanket rule for Safe Pass

Health Minister Michalis Hadjipantela announced stricter measures effective next Tuesday in the Republic of Cyprus, making Safe Pass a requirement across the board but questions still remained over supermarket, bakeries, and other shops selling necessity goods...

655. ECB tells Cyprus lawmakers to get it right

Elizabeth McCaul, Member of the Supervisory Board of the ECB, advised caution over possible amendments to the Cyprus foreclosure law stressing that 'such policies can also backfire and destabilize the banking sector if designed in a haphazard manner'...

656. Cyprus’ passport committee issues final report

Over half of the golden passports approved by the President’s Cabinet in the Republic of Cyprus were illegal, a special committee has found, and it is now up to the attorney general to ascertain whether any ministers may have had fraudulent intent...

657. Cyprus relaxes further as situation improves

The Cabinet in the Republic of Cyprus is moving forward with more relaxations, following further improvement of the epidemiological situation, but many places still remain off limits to those without a SafePass...

658. Cyprus ends lockdown with safe pass

A third lockdown in the Republic of Cyprus ended on Sunday as new measures went into effect Monday including a controversial safety pass, with the government betting on a slight improvement as it pushes for gradual return to normality...

659. Cyprus hurries to clean up company registry

Energy Minister Natasa Pilides has called on business stakeholders in Cyprus to embrace a new effort of recording and updating true information about beneficiaries of companies, saying a new digital registry can bolster transparency on the island...

660. IMF: Withdrawal of support measures should be gradual

An International Monetary Fund (IMF) mission met virtually with the Cypriot authorities from March 8–29, 2021 to discuss recent economic developments and policy priorities on the island. In an interview with Kathimerini Cyprus, IMF mission chief for Cyprus, Anita Tuladhar, said the longer the recovery period in sectors related to tourism, the greater the chance that permanent scars will remain in the economy of Cyprus. Tuladhar also noted the importance of state-sponsored programs to support the economy....