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Kazamias refutes having banking background, responds to president

"Never have I claimed or declared that I am a banker but an honest collaborator," states former Minister of...

Rate reductions possible in 2024, CBC Governor says

Central Bank Governor Constantinos Herodotou forecasted a potential easing of the European Central Bank's (ECB) interest rates within 2024,...

Loan demand drops due to high interest rates

During the third quarter of 2023, Cyprus saw a notable reduction in loan demand, affecting both businesses and households....

Climate change, cyber attacks will affect insurance sector, Cyprus Central Bank warns

It's not just banks that need to be vigilant against cyberattacks and take climate change seriously; insurance companies must...

Moldovan parliament dismisses central bank chief over $1 billion fraud scandal

Moldova's parliament dismissed central bank chief Octavian Armasu on Thursday for failing to act over Moldova's "theft of the...

Argentina’s Milei says shutting central bank ‘non-negotiable’

Argentina's President-elect Javier Milei said on Friday that the closure of the country's central bank, a signature campaign pledge,...

Cyprus Central Bank scrutinizing banks in light of recent reports

The Central Bank of Cyprus (CBC) reported that it is investigating possible violations as reported in ‘Cyprus Confidential’ regarding...

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