The economic sentiment in the sector of services hit a record low in November, boosting concerns on the economic deterioration. According to the new research of the University of Cyprus, the slump...
The Bank Employees Union of Cyprus (ETYK) and the Marfin Egnatia Bank Employees Union (SEMET) will honour Mr. Andreas Vgenopoulos, who withdrew from his position as Chairman of the Board of Directors...
“Central Bank Governor, Athanasios Orphanides favours measures that might be painful in order to avoid the worst”, POVEK General Secretary, Stephanos Koursaris stated on Thursday, after his meeting...
Banks have turned to mergers, deleveraging, the sale of subsidiaries and the reduction of the operating cost to deal with the challenges from the sudden change in the regulatory environment. The...
UBS cut the target prices of the Greek banks in view of the PSI+ and the deteriorating macroeconomic conditions. The target price of Eurobank is cut to €0.86 from €2.50, of Alpha Bank to €1.20...
The official data released by the Finance Ministry yesterday show the sharp increase in borrowing of the Cypriot state from the domestic banks. The total state debt accumulated in the banks’ books...
The domestic creditors sent an ultimatum to the government to consolidate the public finances and warned the Finance Minister that they will not refinance the Cypriot debt if they fail to do so....
The Cooperatives will have to pass in their books accounting losses of €600 million due to their investments in Cypriot bonds. Although they largely avoided the Greek bonds, they are exposed to...
Marfin Investment Group has reached a strategic understanding with the Abu Dhabi Mar / Privinvest Group in order to jointly pursue and exploit investment opportunities in Greece, Cyprus and the...
Marfin announced on Friday the resignation of Iraklis Kounadis and the undertaking of its duties in Greece by Panayiotis Kounnis. Mr. Kounadis was Group Deputy Chief Executive Officer and Country...