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Credit Suisse shares slumped 62% while UBS lost 7.1% after a day of heavy selling in Asian financial markets as early investor optimism about official efforts to stem a banking crisis quickly evaporated
13:25 - 20 March 2023
The aim is to raise awareness on the importance of financial education of the public and especially young people
13:02 - 20 March 2023
The two main components of labour cost, wages and salaries per hour worked and non-wage costs per hour worked, increased by 3.7% and 4.1% respectively, year on year
11:52 - 20 March 2023
According to a Finance Ministry announcement, the surveillance, which will conclude on 22 March, will assess Cyprus’ economic, fiscal and financial performance
11:31 - 20 March 2023
A new major development is set to materialise in Nicosia, aiming to boost the island's renewable energy sector
11:25 - 20 March 2023
The Senior Advisor to the ESM’s Chief Economist, Wim Van Aken, along with IMF’s mission chief for Cyprus, Wojciech Maliszewski, met with Finance Minister Makis Keravnos during an official visit to the island
11:14 - 20 March 2023
In January-February 2023, the HICP rose by 6.8% compared with the corresponding period of the previous year
10:30 - 20 March 2023
UBS Chairman Colm Kelleher said the acquisition of Credit Suisse is an attractive investment for the company’s shareholders, but above all it is an emergency rescue
09:30 - 20 March 2023
Troubled bank Credit Suisse has been rescued by its Swiss rival UBS in a government-backed deal.
08:12 - 20 March 2023
Tourist arrivals in February amounted to 119,081 marking an increase of 65.6% year on year, the Statistical Office of Cyprus (Cystat) has said.
07:57 - 20 March 2023
Complaint claims bank made false and misleading statements in annual report
08:30 - 18 March 2023
CySEC has made public a policy statement on the application in Cyprus of an EU regulation on crowdfunding
11:13 - 17 March 2023
Maritime freight transport dominated in Cyprus, accounting for 97.8% in 2021. Road and air transport followed way behind with 2.1% and 0.1%
09:08 - 17 March 2023
Makis Keravnos discussed the implementation course of the Technical Support Instrument in a meeting with Mario Nava, Director General of the European Commission's Directorate-General for Structural Reform Support
08:45 - 17 March 2023
Total employment in the Broad Public Sector in the fourth quarter of 2022 increased by 1,033 persons (1.4%) compared to the same quarter of 2021
08:11 - 17 March 2023
The number of job vacancies in the fourth quarter of 2022 decreased by 1,822 (-18.9%) compared to the same quarter of the previous year when the number was 9,643
08:08 - 17 March 2023
The bank is all right – this was the main outcome of an informal discussion between the Hellenic Bank CEO Oliver Gatzke and members of the press
07:28 - 17 March 2023
The 18th CFO Management Forum and IN Business CFO Awards 2023 has kicked off with an address by Fotini Tsikkou, COO, ECOMMBX and addresses by other expert speakers
16:44 - 16 March 2023
