UBS Chairman: Acquisition attractive for UBS, but an emergency rescue nonetheless

UBS Chairman Colm Kelleher said the acquisition of Credit Suisse is an attractive investment for the company’s shareholders, but above …

09:30 - 20 March 2023

UBS agrees 'emergency rescue' of Credit Suisse

Troubled bank Credit Suisse has been rescued by its Swiss rival UBS in a government-backed deal.

08:12 - 20 March 2023

Tourist arrivals rise by 65.6% year on year in February

Tourist arrivals in February amounted to 119,081 marking an increase of 65.6% year on year, the Statistical Office of Cyprus …

07:57 - 20 March 2023

US law firm lodges complaint against Credit Suisse

Complaint claims bank made false and misleading statements in annual report

08:30 - 18 March 2023

CySEC launches policy on the full implementation of the EU crowdfunding regulation

CySEC has made public a policy statement on the application in Cyprus of an EU regulation on crowdfunding

11:13 - 17 March 2023

Cyprus publishes Sustainable Finance Framework

The Finance Ministry’s Debt Management Office (PDMO) has published its Sustainable Finance Framework in view of its first-ever sustainable bond …

15:05 - 16 March 2023

Cyprus President and Finance Minister in contact with CBC Governor over Credit Suisse developments

The President and Finance Minister are in contact with the Governor of the Central Bank of Cyprus, who is currently …

13:22 - 16 March 2023

Tourism partially recovered in 2022

Eurostat: overnight stays in Cypriot hotels recovered close to pre-pandemic levels in 2022, particularly during the summer months

10:40 - 16 March 2023

Frozen assets of €1.4b from sanctions on Russia

So far, €720 million have been reserved from Cyprus Investment Firms (CIFs) and another €719 million have been reserved and …

08:40 - 16 March 2023

Four CySEC-regulated firms affected by US bank collapse

CySEC Chairman George Theocharides was reassuring, saying the deposits were of the companies' own resources and not their customers' money

07:52 - 16 March 2023

Credit Suisse to borrow up to $54b from Swiss central bank

The lender said it was taking decisive action to strengthen its liquidity as it looked to become a simpler bank.

07:43 - 16 March 2023

KEDIPES records highest cash inflow so far

Its €310m repayment to the state for the same year is also considered the highest annual payment made so far

08:29 - 15 March 2023

FinMin: Tight timelines a challenge in implementing recovery plans

Finance Minister Makis Keravnos was addressing the Economic and Financial Affairs Council of the EU (Ecofin) in Brussels

08:15 - 15 March 2023

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Economy

UBS Chairman: Acquisition attractive for UBS, but an emergency rescue nonetheless

UBS agrees 'emergency rescue' of Credit Suisse

Tourist arrivals rise by 65.6% year on year in February

US law firm lodges complaint against Credit Suisse

CySEC launches policy on the full implementation of the EU crowdfunding regulation

Most freight transport in Cyprus takes place by sea

FinMin and EU official discuss Technical Support Instrument

Employment in Broad Public Sector up 1.4% in Q4 2022

Job vacancies down 18.9% in Q4 2022

No cause for concern, Hellenic Bank CEO says

New technology, professional challenges, and more explored at 18th CFO Management Forum and IN Business CFO Awards 2023

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