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A service for banking industry professionals · Thursday, March 27, 2025 · 797,498,714 Articles · 3+ Million Readers
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Cyprus Banking Industry Newswire

  • Published on Mar 26, 2025

    Cyprus set for stronger GDP growth, lower unemployment

    Economy to outperform EU average Credit rating agency Morningstar DBRS on Wednesday revised its economic growth and unemployment projections for Cyprus, reflecting a more optimistic outlook for the country’s economy. In its report, the agency updated its …

    Source: Cyprus Mail - Uncategorized
  • Published on Mar 26, 2025

    Proposed Law Would Attract Dirty Money to Northern Cyprus, Experts Warn

    A draft law allowing offshore funds to be brought into northern Cyprus with little oversight could turn the breakaway territory into a money laundering hub, experts warn. The draft law was discussed on Tuesday by the assembly that governs the territory, …

    Source: OCCRP - Neutral
  • Published on Mar 25, 2025

    Cyprus Business Now: cybersecurity, Hellenic bank, tax law changes, loan rates

    The Cyprus Borrowers Association (Syprodat) released a statement on Monday saying that despite recent interest rate cuts by the European Central Bank (ECB), many borrowers have not noticed a decrease in their monthly loan repayments. According to the …

    Source: Cyprus Mail - Uncategorized
  • Published on Mar 24, 2025

    ICPAC submits 14 new suggestions for Cyprus tax system 

    The Institute of Certified Public Accountants of Cyprus (ICPAC) has submitted its positions on the proposed tax reform to the Minister of Finance, Makis Keravnos, including a set of 14 new suggestions aimed at refining the tax system.   The suggestions …

    Source: The Accountant - Label Pending
  • Published on Mar 24, 2025

    Why some Cypriot borrowers are still paying the same after ECB cuts

    The Cyprus Borrowers Association (Syprodat) released a statement on Monday saying that despite recent interest rate cuts by the European Central Bank (ECB), many borrowers have not noticed a decrease in their monthly loan repayments. According to the …

    Source: Cyprus Mail - Uncategorized
  • Published on Mar 24, 2025

    Cyprus insurance sector sees rise in mergers and acquisitions

    The Cypriot insurance industry is experiencing heightened merger and acquisition activity, mirroring developments in the banking sector. Major Greek banks have recently pursued acquisitions of Cypriot financial institutions, and this trend is now extending …

    Source: Cyprus Mail - Uncategorized
  • Published on Mar 24, 2025

    Cyprus gets credit rating boost: What it means for the economy

    Cyprus received a major financial boost as credit rating agency Morningstar DBRS upgraded the country’s credit rating to A (low) from BBB (high), marking a key step in the country’s economic progress. The agency cited Cyprus’ strong fiscal performance, …

    Source: Knews Kathimerini - Neutral
  • Published on Mar 26, 2025

    The Spanish economy grew 3.2% in 2024: Why is it outperforming peers?

    Spain's economy grew 3.2% in 2024, one of the fastest in the eurozone, driven by strong domestic demand, robust tourism, and EU recovery funds, outperforming Germany, France and Italy. Economists say Spain remains a ‘bright spot’ in Europe, expecting …

    Source: Euronews - Neutral
  • Published on Mar 23, 2025

    Cyprus achieves credit rating upgrade, government cites fiscal policies

    Agency points to fiscal strength and economic growth for latest upgrade Cyprus has received a credit rating upgrade from Morningstar DBRS, which raised the country’s long-term foreign and local currency issuer ratings from BBB (high) to A (low), …

    Source: Cyprus Mail - Uncategorized
  • Published on Mar 22, 2025

    Morningstar DBRS Upgrades Republic of Cyprus to A (Low), Trend Remains Positive

    TORONTO – DBRS Ratings GmbH (Morningstar DBRS) upgraded the Republic of Cyprus’ (Cyprus) Long-Term Foreign and Local Currency – Issuer Ratings from BBB (high) to A (low). The trend on all Long-Term ratings remains positive. At the same time, Morningstar …

    Source: The National Herald - Neutral
  • Published on Mar 21, 2025

    Here’s where the 11 new ATMs will be installed in Cyprus

    The two major banks in Cyprus, Bank of Cyprus and Hellenic Bank, are moving forward with agreements made with President Christodoulides. During a meeting with the President, the CEOs of the two banks, Mr. Michalis Louis and Mr. Panicos Nicolaou, agreed to …

    Source: Knews Kathimerini - Neutral
  • Published on Mar 25, 2025

    Asymmetric sanctions on Russian individuals

    Since the start of Russia’s invasion of Ukraine more than three years ago, the EU has adopted 16 packages of sanctions, including sanctions on 2,500 individuals who have allegedly contributed to the war in Ukraine through their business or public …

    Source: VoxEU - Neutral
  • Published on Mar 24, 2025

    Toro Corp. Announces Record Date for the Proposed Spin-Off of its Handysize Tanker Business

    LIMASSOL, Cyprus, March 24, 2025 (GLOBE NEWSWIRE) -- Toro Corp. (NASDAQ: TORO) (“Toro”, or the “Company”) an international energy transportation services company, announced today that, in relation to the previously announced spin-off of its wholly owned …

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  • Published on Mar 24, 2025

    The page has not been turned

    🔊 Listen to Post Israel resumes strikes on Gaza, amidst ceasefire talks’ stall, New wave of deadly Israeli airstrikes target Nabatieh and Beqaa, Rockets launched from south Lebanon into Israel for first time in months, Lebanon and Syria agree on ceasefire …

    Source: NOW Lebanon - Center-left
  • Published on Mar 22, 2025

    Turkey: Protests spread, defy ban for day 3 over Imamoglu's arrest

    ANKARA — Demonstrators across Turkey defied protest bans on Friday night, with hundreds of thousands rallying at Istanbul City Hall and thousands more taking to the streets elsewhere to protest the detention of Istanbul Mayor Ekrem Imamoglu. Imamoglu, a …

    Source: Al-Monitor - Neutral
  • Published on Mar 21, 2025

    Parties oppose casino exemption from cash transaction limits, fearing money laundering

    Two political parties have voiced opposition to a proposed law that would exempt casinos from restrictions on cash transactions exceeding 10,000 euros, warning it could damage the country’s financial reputation and contradict European anti-money laundering …

    Source: Philenews In-Cyprus - Neutral
  • Published on Feb 14, 2025

    Cyprus: Economic growth falls to a one-year low in the fourth quarter

    GDP growth loses traction: According to a preliminary reading, annual GDP growth lost steam in Q4, falling to 2.6% from 3.9% in the third quarter and marking the worst result in a year. Looking at 2024 as a whole, economic growth rose to 3.4% from 2023’s 2 …

    Source: FocusEconomics - Neutral
  • Published on 01:17 GMT

    Airport expansion in Larnaca and Paphos

    ECONOMY CYPRUS Larnaca airport [file photo] After years of planning and preparation, the expansion of Larnaca and Paphos airports is officially under way. Hermes Airports announced last Friday it has completed the financing for the second phase of the …

    Source: Kathimerini - Neutral
  • Published on Mar 26, 2025

    REVEALED: The new flights from Frankfurt starting in April 2025

    Germany's biggest airport is switching to a new summer flight schedule next month, with a range of new services to European and long-haul destinations. Here are the new flights that will soon be running from Frankfurt Airport across the globe. As …

    Source: The Local - Germany - Neutral

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