New record for Cyprus Bank’s liquidity coverage ratio

Cyprus Bank's liquidity coverage ratio in Q3 2019 stood at 331.02 percent Cypriot banks ' liquidity reached € 15 billion at the...

Deutsche Bank Reports Huge Loss for 2019

Deutsche Bank Reports Huge Loss for 2019.The German lender said its bottom line suffered because it paid severance...

UK house prices rise at fastest pace since November 2018: Nationwide

UK house prices rise at fastest pace since November 2018: Nationwide.British house prices rose in January at their...

18.0 million overnights stays in Cyprus

18.0 million overnights stays in Cyprus while the number of overnight stays in tourist accommodation in the European Union (EU) is expected...

Another shock for the economy

The government's decision to compel fuel importers to raise biofuel in the fuel mix, which is expected to shoot prices up 5-6...

BoC’s new framework for negative interest rate on deposits

Bank of Cyprus announced a new framework and terminology for specific customer deposit rates. It is called "Euro Deposit Liquidity Price" and...

Changes in rent law provides eviction process within 35 days

Parliament is due to approve a Friday update to the rent control law allowing for landlords to evict a tenant who fall...

Cyprus anti-corruption efforts worsen index shows

According to Transparency International's 2019 Corruption Perceptions Index (CPI), Cyprus, along with most of the world's most advanced economies, is slowly declining...

MONEYVAL publishes follow-up report on Albania

As a result of Albania’s progress in strengthening its framework to tackle money laundering and terrorist financing since its mutual evaluation report...

New record tourism arrivals in 2019

Cyprus recorded visitor numbers in December and 2019, data released Friday by the Cyprus Statistical Service.Based on Passenger...