The increased provisions for bad debts are still a nightmare for the Hellenic Bank. After the decision of the international credit rating agency, Moody’s, to set the Hellenic Bank under observance...
The improvement in the Bank of Cyprus and the Cyprus Popular Bank results did not dissuade Moody’s from placing BOC on review and downgrading CPB. BOC on review Despite the fact that the Bank of...
The international credit rating agency, Fitch Ratings, revised on Tuesday the outlook on the long term foreign currency rating of Cyprus from stable to positive. The other countries affected are...
04/11/2003
Standard & Poors Credit Rating Agency downgraded on Wednesday the local currency sovereign credit ratings on the Republic of Cyprus from AA-/A-1+ to A+/A-1. “The downgrading of the local...
13/08/2003
International agency Moody’s has warned the Cyprus government to restraint state payroll, as “salaries in the public sector have reported the second largest increase following the financial and...
04/04/2003
The Finance Ministry submitted to Cyprus President Clerides a second thorough study for the cost of a solution to the Cyprus Problem based on the UN peace plan. Meanwhile, the international credit...
05/02/2003
Finance Minister, Takis Clerides, met with representatives of Fitch Ratings on Wednesday morning within the framework of the agency's visit to evaluate the Cyprus economy. The two sides reviewed...
05/02/2003
BOC: We do not expect negative consequences from the downgrade Fitch Ratings on Tuesday downgraded Bank of Cyprus's (BOC) Long-term rating to 'A-' from 'A', together with its Short-term rating, to '...
04/02/2003
Fitch Ratings-London-December 24, 2002: Fitch Ratings, the international rating agency, has today placed Bank of Cyprus's (BOC) Long-term rating of 'A', its Short-term rating of 'F1' and its...
27/12/2002
Cyprus is ranked 22nd in the world in terms of economy's macroeconomic stability, says the latest issue of "The Wall Street Journal, Index of Economic Freedom" magazine that proceeded to estimates,...
26/11/2002