The Federal Reserve pressed ahead with a quarter-point rate rise on Wednesday despite the recent turmoil in the banking sector but signalled it may soon call time on its monetary tightening campaign....
The Cyprus Composite Leading Economic Index1 (CCLEI) recorded a year-over-year decrease of 0.9% in February 2023, following the year-over-year decreases of 3.1% in January, and 3.7% in December 2022...
22/03/2023
The Turnover Value Index of Wholesale Trade during the fourth quarter of 2022 recorded an increase of 16% compared to the corresponding quarter of the previous year, according to data released on...
22/03/2023
Cyprus diplomatic presence abroad is being upgraded with the reopening or the opening of four embassies in 2023.Asked by CNA, the Foreign Ministry's spokesperson, Theodoros Gotsis, said that Cyprus'...
22/03/2023
Invest Cyprus hosted three missions in Amman, Cairo and Beirut targeting tech companies and leading investment groups in the regionInvest Cyprus, the national investment promotion agency, has...
22/03/2023
President Christodoulides had a meeting with Commission President Ursula von der Leyen on Wednesday, as part of his bilateral contacts with the heads of the institutions of the European Union....
22/03/2023
Constantinos Herodotou, Governor of the Central Bank of Cyprus (CBC) told the Chief Operating Officers (CEO) of Cypriot-based banks to provide timely loan restructurings and reassess their data...
22/03/2023
According to a report on Greece’s four systemic banks (Alpha Bank, Eurobank, National Bank, and Piraeus Bank) by credit rating agency DBRS, Greek banks’ profile is solid. Their capital base and asset...
22/03/2023
The Swiss government said it’s temporarily suspending certain kinds of bonus pay for Credit Suisse Group AG staff following the state-brokered takeover of the bank by rival UBS Group AG.Source:...
22/03/2023
First Republic has hired investment bank Lazard to help it explore strategic options after the lender’s shares collapsed in the wake of the shuttering of Silicon Valley Bank.Source: Financial Times
22/03/2023