The Central Bank of Cyprus decided on Monday to revise downwards its forecasts for the course of the main economic sizes in 2008 and 2009. In its first economic report, the CB revised its previous...
According to an announcement released today, the Board of Directors of Bank of Cyprus Public Company Ltd will convene on Thursday 24 July 2008 to examine the Bank of Cyprus Group financial results...
Bank of Cyprus, Marfin Popular Bank, Piraeus Bank and National Bank are among KBW’s top picks but the firm lowered their TPs. In its report dated July 7, KBW upgraded the European banking sector...
According to CYSTAT data released on Monday, the number of people out of work in June 2008 dropped to 10,509 compared to 10,727 in the corresponding month of 2007 (-218 persons). This drop was...
In its report dated July 4, 2008, Citigroup said that Greek and Cypriot banks stocks declined 36%, while European bank stocks declined 33% over the same period. “We believe the fundamentals of Greek...
According to Central Bank data for May 2008, the Cooperatives have lost a share in deposits of 2.19 percentage points compared to 2007, sliding from 21.44% of the depository market to 19.25%. In the...
The major issues in today’s financial press are the competition among the banks for the shares in deposits and the OECD Annual Report “Employment Prospects”. The “Economy” inset of newspaper “...
In an announcement released today, National Bank trade union, SYPETE, criticized strongly the moves of the 10 thousand-member trade union ETYK. “In its first serious attempt to cause turbulence in...
Central Bank Governor, Athanasios Orphanides stated on Friday that ECB’s decision to increase interest rates to 4.25% will contribute to the easing of inflation. According to his written statement...
According to CYSTAT data released on Friday, harmonized inflation in June 2008 stood at 5.2% against 4.6% in May and 4.3% in April. Harmonized inflation in Cyprus was 1.2 percentage points higher...