Banking and Finance

Cyprus’ loan guarantee scheme will be credit positive for banks as long as they control their lending, credit rating agency Moody’s maintained in a note released on Thursday. “On ...

What’s in the Italian Recovery Plan? “We will have €248 billion, and we must triumph over corruption, stupidity, and vested interests,” insisted Italian Prime Minister Mario Draghi as he presented ...

Greece’s Piraeus Bank last week completed a share capital increase of €1.38 billion, and, in the process, attracted international investor interest. Billionaire investor John Paulson was among a number of ...

Ethereum , the world’s second largest cryptocurrency in terms of market capitalisation, touched a new peak on Wednesday, with participants citing media reports about the European Investment Bank’s plans ...

Limassol is planning to develop a financial district, ‘Wall Street’ by the sea; the long-awaited technology park is to begin development by yearend. “We are moving ahead with big improvements ...

Some of Turkey’s biggest banks are reluctant to finance President Tayyip Erdogan’s planned Istanbul canal due to environmental concerns and the investment risks hanging over the massive construction ...

The currency, among the worst performers in emerging markets this year, weakened as much as 0.6 per cent to 8.48 versus the dollar, close to its 2021 low water mark and closing in ...

Britain looks set to see faster economic growth than the United States this year as the country races ahead with its vaccination programme after its slump in 2020, Goldman Sachs said ...

“We have this big difference: We didn’t launch to build another new bank, or to offer another card. We launched to solve the problem that people find it difficult ...

“Marketing an online business is lot of work. To make it simple: First of all, you already have the Facebook and Instagram algorithms which enable you to detect whom you ...

The price of a bitcoin has fallen back this week from its record high at $63,000 that it reached on April 13. Bitcoin is at this writing priced at €40,795 and $48781. But analysts ...

“Crypto is like the elephant in the room. It’s the missing piece in online payments. Using crypto assets, not just bitcoin, but XRP, Ethereum, etc. we can modernise the ...

“I remember when Cyprus banks didn’t even want to open an account for companies operating on the Internet. They simply didn’t understand this business. Nowadays, of course, everything ...

“Building trust for a brand online is one of the biggest challenges for any product, but particularly for a product in which smell or taste is a key quality,” comments ...

by Invest Cyprus The worldwide shift towards e-commerce and online services amid lockdowns and other Covid restrictions is likely to continue as economies open up in the post-pandemic era, and ...

“We stand next to our client as business partners and consultants with technological expertise so that they can reach their full potential on digital payment solutions. This is a huge ...

GetForward connects people, cultures, entrepreneurs, and businesses with long-term mindsets eager to grasp the future. It acts as the springboard to empower decisions that lead to a better tomorrow. The ...

A new index created by WiRE FS shows that the prices of Cyprus property, across most categories, fell in the first quarter of 2021. Rents also recorded a drop in most ...

After intense negotiations for several days in Moscow, the Russian Federation has agreed to restart regular flights to Cyprus on May 1, according to a tourism industry source. An official announcement ...

Turkey’s lira skidded 2 per cent to its weakest this month on Thursday as the country’s ties with US come under strain, and after President Tayyip Erdogan again defended ...

American bank JP Morgan has attempted to amplify its involvement with football over the past two decades, not so much for the betterment of the sport, but rather to further ...

Germany’s finance minister denied any blame for the multi-billion-euro Wirecard fraud on Thursday, pointing the finger at the company and its auditors, EY, for waving the firm’s accounts ...

The governor of the Central Bank of Cyprus Constantinos Heredotou warned on Tuesday of an impending increase in non-performing loans in the near future. Heredotou told the 11th Nicosia Economic ...

New York keeps its first place in the ranking of global financial centres, and London in second place is under pressure from Frankfurt and Shanghai. Frankfurt jumped seven places in ...