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61. SYPRODAT and Government join forces to end non-performing loans

Finance Minister Makis Keravnos expressed satisfaction with the progress made in divestments and the reduction of non-performing loans (NPLs) during a meeting at the Ministry of Finance with SYPRODAT President Costas Melas and Association Director Jenny Papacharalambous....

62. Cypriot bonds dive as ECB battles inflation surge

The value of Cypriot bonds held by the Eurosystem has dipped below €7 billion as the European Central Bank takes measures to combat inflation. ...

63. China's $10 trillion hidden debt

For some time now, markets have been buffeted almost on a daily basis by gloomy economic news filtering out of China....

64. Embracing digital opportunities for stronger bonds

Digitalization can be a powerful mechanism that brings Greek Cypriots and Turkish Cypriots closer together, provided that incentives are given. ...

65. Growing up in refugee camps

The painful experience of being violently uprooted, the worry about finding temporary shelter until they could return home, and the hardships faced in refugee camps – which turned into months and even years – are deeply etched in the memories and hearts of the refugees....

66. Global economy faces $590 trillion storm

A $590 trillion storm threatens the global economy as rising interest rates make more corporate debts problematic. ...

67. Shanghai students do it Greek style

In the age of digital society and social media, a viral TikTok video has the power to transform lives and introduce an unexpected culture to the world. ...

68. Cyprus appoints new ambassador to Denmark

On June 9, 2023, a significant event took place as Mr. James Kirakosian, the Ambassador of the Republic of Cyprus to Denmark, officially presented his credentials to Her Majesty Queen Margrethe II of Denmark....

69. Turkish consulate in Shusha sends a message to Armenia

Turkish President Recep Tayyip Erdogan has said his country is ready to open a consulate in Shusha, a city that Azerbaijan took from Armenian forces in a war in 2020....

70. FinMin underlines the importance of disciplined policy

The contact circle with the banks has not been completed, and there will be a new one to adopt measures that will provide relief to borrowers regarding the increased interest rates....

71. Expanding Profitability and Strengthening Capital Position

Group Financial Results for the year ended December 31, 2022...

72. Cyprus' 2022 household assets reach €59.7B, debt at €20B

In December 2022, the total value of financial assets held by households was €59.7 billion. Out of this amount, 62% was invested in currency, deposits, and loans, 2% was allocated to debt securities, 19% was invested in stocks, and the remaining 17% was invested in other types of financial instruments....

73. The value of authenticity

Easter always goes hand in hand with the search for authenticity. For the authentic Epitaph procession, good company for the subsequent authentic feast, the authentic Greek landscape, the authentically spiritual experience of the Resurrection service. ...

74. Investors flock to 'green' bonds as a secure investment

75. March Newsletter of K. Treppides & Co Ltd: CySEC

A new issue is out from the newsletter by K. Treppides & Co Ltd, a leader in the field of auditing and accounting services with offices in three countries....

76. UBS steps in to buy rival Credit Suisse

Some of the world's largest central banks came together on Sunday to stop a banking crisis from spreading as Swiss authorities persuaded UBS Group AG to buy rival Credit Suisse Group AG in a historic deal...

77. It's been 10 years since the haircut

In March 2023, Cyprus will mark 10 years since the deposit haircut. Ten years after the 2013 crisis, Cyprus looks completely different. During this decade, many changes have taken place and its citizens have experienced many different situations,...

78. Banks around the world feel force of SVB fallout

U.S. President Joe Biden vowed to do whatever was needed to address a threatened banking crisis after the collapses of Silicon Valley Bank and Signature Bank forced regulators to step in with emergency measures....

79. HSBC buys failed Silicon Valley Bank in bid to stem fallout

Governments in the UK and the U.S. took extraordinary steps to stop a potential banking crisis after the historic failure of Silicon Valley Bank, even as another major bank was shut down....

80. Thinking of investing in real estate? Don’t do it.

A lack of financial literacy can lead people to consider investing in direct real estate. This a provocative statement to say the least, so let me explain....

81. What factors played a role in Christodoulides' election?

Nikos Christodoulidis is the eighth President of the Republic of Cyprus and the first in history to not only be the first to cut the thread in the first round of presidential elections without the support of one of the two major parties but also to be elected President while facing AKEL and the leadership of DISY....

82. CBC: Household debt at 77% of GDP

The household debt ratio stood at 77% of the Gross Domestic Product (GDP) at the end of September 2022, marking a slight decrease compared to the previous quarter, due to the increase in GDP, according to data published by the Central Bank of Cyprus on its website on Tuesday, in the "Quarterly Financial Accounts" edition, for the reporting quarter ending September 2022. ...

83. Banks are revising lending rates

Cypriot banks are preparing new loan rates in an effort to redesign the pricing of loans. In the first half of 2023, Cypriot banks will see significant changes in the pricing of new loans, accompanied by increases in interest rates, ...

84. Looking ahead to 2023: House prices in Cyprus

The end of 2021 saw Europe’s and Cyprus’ economies gradually recovering from the two-year rollercoaster ride of lockdowns, the stock market at record highs, and inflation increasing....

85. The 2023 investment chessboard

Today's data is completely different from what it was a year ago in terms of investment....

86. Cyprus braces for credit ratings in 2023

The ratings will take place in a year marked by a projected economic slowdown, amid the continued uncertainty that clouds the economic outlook, due to high inflation and the energy crisis, fueled by the continuing war in Ukraine...

87. Finance Ministry: 'Cyprus economy will not enter a recession'

There will be a significant slowdown in economic activity next year, we will be affected by increased energy prices and borrowing costs, but "inflation in Cyprus is being reined in at lower levels" compared to other European member states, ...

88. US donates lunar rock to Cyprus

Today the United States donated a lunar sample, mounted on a commemorative plaque, to the people of Cyprus. The sample was collected in December 1972 during the Apollo 17 mission to the Moon....

89. ECB raises interest rates by 0.5%

Christine Lagarde warned markets not to expect an early end to rate rises next year, on a day when the European Central Bank and the Bank of England lifted borrowing costs to their highest levels in 14 years....

90. Tying up loose ends at Hellenic

Hellenic Bank experienced several changes in 2022, as it closed outstanding issues while also opening new chapters. Hellenic Bank made changes to its top management, staff, shareholding composition, and labor issues in the fourth quarter of 2022, ...