The Bank of Cyprus intends to finalize the acquisition of the Russian Bank Uniastrum by late October after securing all necessary approvals by the Central Banks of Cyprus and Russia. The...
The government’s efforts to attract Chinese businessmen in Cyprus have mounted. Therefore, a delegation of Chinese entrepreneurs accompanied by the Chinese Ambassador to Cyprus, Zhao Yali, had a...
The biggest European stock markets keep an expectant attitude on Friday ahead of the approval of the bailout package in the US. The revised plan of $700 billion, which provides for state...
The major issues in today’s financial press are the Finance Ministry’s meeting for the international financial crisis and the exposure of the pension and provident funds to financial products of four...
The sharp increase in interbank loans aroused strong feelings to the stock markets, boosting estimates that even if the US House of Representatives approves the bailout package today, the US and the...
The European Central Bank decided to leave interest rates unchanged on Thursday, despite pressures to cut them after the break out of the new financial crisis. At today’s meeting the Governing...
Inflation in September 2008 stood at 5.3% compared to 5.4% in August 2008 and 2.6% in September 2007. Its restraining is linked to the drop in fuel prices. In January – September 2008,...
The government supports that it has €2 billion at its disposal to strengthen the banking system if financial conditions deteriorate. According to Finance Minister, Charilaos Stavrakis, this sum has...
The European markets reacted positively to the approval of the bailout by the Senate, enjoying gains for the third consecutive day. The Senate approved the revised plan with 74 votes for and 25...
The Central Bank of Cyprus sees a further slowdown in the property market with direct impacts on GDP growth. On the occasion of a StockWatch survey among businessmen of the sector, most of whom...