Moody’s gives thumbs up to HB’s CNP deal
Hellenic Bank’s takeover of CNP Assurances’ regional operations, allowing it to dominate the local insurance market is a credit positive, according to Moody’s Investors Service. The €182 mln deal will help the bank group leap to the forefront of the sector and secure a whopping 30% share of
Following a volatile opening to the week, markets remain relatively quiet on Tuesday, as gross domestic product (GDP) data for the first
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Hellenic Bank’s takeover of CNP Assurances’ regional operations, allowing it to dominate the local insurance market is a credit positive, according to Moody’s Investors Service. The €182 mln deal will help the
Read MoreEconomic sentiment in Cyprus improved mildly in April after two months of deterioration, as the University of Cyprus Economic Sentiment Indicator (ESI-CypERC)
€182 mln takeover to boost life and general market share to 30% and 23% Hellenic Bank is set to dominate the
Cypriots are pessimistic about the future, stalemate in solution talks, the economy and geopolitical crises, while they maintain their trust in European
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Hellenic Bank’s takeover of CNP Assurances’ regional operations, allowing it to dominate the local insurance market is a credit positive, according to Moody’s Investors Service. The €182 mln deal will help the bank group leap to the forefront of the sector and
Read More€182 mln takeover to boost life and general market share to 30% and 23% Hellenic Bank is set to dominate the
Bitcoin will hit fresh all-time highs in the coming months – despite a recent sell-off in price, following the news of escalating
Bank of Cyprus said it has successfully issued its first green bond, more than four times oversubscribed, raising €300 mln to fund
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Economic sentiment in Cyprus improved mildly in April after two months of deterioration, as the University of Cyprus Economic Sentiment Indicator (ESI-CypERC) increased by 0.8 points compared with March. Having risen to
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In 2018, 7% of EU enterprises employing at least 10 persons used industrial or service robots, Cyprus had the lowest percentage in the bloc. Large enterprises use robots much more (25%
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The GBPUSD pair is holding positive ground near 1.2520 in early trading in Asia on Monday. The uptick of the major pair is supported by the softer US Dollar below the 106.00 psychological mark. Investors will
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The sixth Leading Maritime Cities survey released this week declared Singapore as the world’s premier shipping centre. Not surprisingly so, considering the
By Athena Danou While this wasn’t my first participation in the Christodoula March, it was probably the first time I left the
Cypriots are being squeezed out of the property market as they can’t afford climbing rents. Hiking construction costs and interest rates are
On the one hand, there is an evident effort by the Deputy Ministry of Tourism to upgrade the quality of local hotels
I often write about my disappointment of a sector of the younger generation. The crime rate is particularly high among the ages
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The benchmark US crude oil Western Texas Intermediate (WTI) is trading higher around $83.60 on Friday as the market weighed the weaker-than-expected US economic growth data against a potential geopolitical risk from a looming Israeli invasion of the southern Gaza city of Rafah. WTI
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West Texas Intermediate (WTI) started Tuesday on the low side, falling below $81.00 per barrel before a broad-market recovery in risk appetite
By Naeem Aslam As geopolitical tensions escalate further after attacks by Israel on Iran, crude oil prices closed the week on a
West Texas Intermediate (WTI) futures dropped slightly to the crucial support of $85.00 in early trading in European markets on Wednesday. The
World
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Following a volatile opening to the week, markets remain relatively quiet on Tuesday, as gross domestic product (GDP) data for the first
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The EURUSD pair was struggling to hold above the round-level resistance of 1.0700 in European trading on Monday, as the currency pair
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The GBPUSD pair is holding positive ground near 1.2520 in early trading in Asia on Monday. The uptick of the major pair is supported by the
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The Japanese Yen remains under bearish pressure and was trading on Friday at its weakest level in over three decades against the
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Maritime
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The sixth Leading Maritime Cities survey released this week declared Singapore as the world’s premier shipping centre. Not surprisingly so, considering the city-state topped nearly all the indicators resulting from data, research and interviews of hundreds of leading shipping executives
Read MoreTicket sales have skyrocketed for the Daleela passenger and car ferry that will resume its Limassol to Piraeus sailings from the end
Elementary schools in Cyprus have adopted 1,000 ships in almost two decades, as part of an international awareness campaign initiated by the
The Daleela passenger and car ferry will resume its Limassol to Piraeus sailings from the end of May to early September, with
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By Athena Danou While this wasn’t my first participation in the Christodoula March, it was probably
All archaeological sites and monuments operated by the Department of Antiquities will offer free entry on
Three of Cyprus’ beaches in the Ayia Napa-Protaras area have earned prestigious spots among Europe’s top
Marking World Stray Animals Day, authorities on Friday announced plans to enhance and expand a dog
By First Lady, Philippa Karsera-Christodoulides “Empowering Equality: A vision for Inclusive Participation and Social Transformation.”; a pertinent
