Banking and Finance

The International Monetary Fund (IMF) has published a proposal to “end the pandemic” with $50 billion in financing for vaccinations, the organisation said in an note on Friday. The proposal’s ...

The Bank of England set out plans on Friday to make its 20 billion pounds ($28.4 billion) of holdings of sterling corporate bonds better aligned with government goals to achieve net zero ...

The government should begin gradually withdrawing the support schemes it has promulgated during the pandemic crisis, the Central Bank of Cyprus said in its Annual Report and Financial Stability Report. ...

Germany’s top-flight soccer league has scrapped plans to sell a 25 per cent stake in its overseas broadcasting rights after resistance from Bundesliga clubs concerned about private equity firms meddling ...

By Pavlos Loizou, managing director, WiRE The Cyprus market for office space is expected to decline 10 per cent to 15 per cent as companies adopt the remote working model, Pavlos Loizou, ...

Hellenic Bank has been ranked by Global Finance magazine among the top banks in the world because they managed to rapidly and effectively adapt to the new circumstances created by ...

Some examples of funding €40 million will go to SMEs and councils and communities €20.5 million for energy efficiency for homes and renewables €78.4 million for improvement business competitiveness €96 million for improvement of ...

Bitcoin’s smaller rivals are eroding its share of the $2 trillion digital currency market. Of the dozens snapping at its heels, most have little use beyond financial trading – but few ...

Cyprus has one of the lowest percentages of workers who usually work from home in the European Union a report from the European Statistical Office (Eurostat) has revealed. Cyprus vs ...

The City of London’s ‘Golden Age’ as Europe’s financial capital is over following Brexit, but it will remain a major and profitable centre, NatWest bank chairman Howard Davies ...

The European Commission wants to propose in 2023 a more unified way of taxing companies in the European Union, hoping that such rules, which have failed to win support in the ...

The Cyprus business and professional climate, which had deteriorated in March 2021, has strengthened significantly in April of this year, according to a report by the University of Cyprus Economic Research ...

“Our business has survived many wars, but this crisis is different,” says Hani Bohsali. Businesses that have been operating in Lebanon for more than 100 years, are today struggling to survive, ...

An unexpected rise in inflation in the US has pundits yapping across the globe about the dangers of inflation. Consumer prices in the US rose 4 per cent on an annualised ...

The classic ransom is a suitcase full of unmarked U.S. dollar bills. Bitcoin’s role in the Colonial Pipeline hack shows the global currency of crime has a rival. ...

Global ratings agency S&P on Friday affirmed its long-term sovereign credit rating on Israel at “AA-/A-1+” and maintained its outlook at “stable”. Despite security and political risks ...

The EU Commission’s attempt to harmonise tax rules and to limit advantages enjoyed by large companies in low-tax jurisdictions has suffered severe setbacks. On Wednesday, the General Court by ...

Paris has said it will delay a European Union financial services deal with Britain until Prime Minister Boris Johnson grants European fishermen fair access to UK waters, a source familiar ...

Bitcoin fell more than 10 per cent after Tesla Inc will no longer accept bitcoin for car purchases, Chief Executive Elon Musk said on Wednesday, citing long-brewing environmental concerns for a ...

By CITR Cyprus, part of the Impetum Group The Italian model, with a ‘bad bank,’ has seen success in managing NPLs. Business shutdowns, deferrals, job losses, credit default, and many ...

Amazon on Wednesday won its fight against an EU order to pay about €250 million ($303 million) in back taxes to Luxembourg as Europe’s second highest court dealt a blow to ...

The way in which post-Brexit trade rules for Northern Ireland are operating may not be sustainable for long, Britain said on Tuesday, as firms count the cost of disruption and ...

For economist George Syrichas, former executive director and board member of the Central Bank of Cyprus, currently advisor to the Economic Research Centre, University of Cyprus, the Cyprus economy will ...

The loans on the books of EU banks that remain under long-running moratoria are more likely to underperform, with credit quality particularly uncertain in Cyprus, Italy, Portugal and Hungary, Moody’...