AstroBank and Qualco Group in joint venture for management of NPEs and REOs

AstroBank and Qualco Group in joint venture for management of NPEs and REOs

AstroBank reached an agreement on 31st December 2019 with Qualco Holdco Limited, for the sale to the latter of 74.9% of Trusset Asset Management Limited, a newly formed company, for the management of AstroBank’s...
Employee Earnings Rise

NPEs in Cyprus banks down to €9.7 billion in July

Non–Performing Exposures (NPEs) in Cyprus banking sector, recorded a decrease of €27 million, to €9.68 billion in July 2019, compared to the previous month, according to the latest data released by the Central Bank...
An offline route to an online business

An offline route to an online business

Aren’t you amazed when you hear people are succeeding online? Nowadays we feel we can burst forth towards our success on our own. Ruminate on what type of online business you would fancy doing,...
Cyprus President outlines eleven reform proposals

Cyprus President outlines eleven reform proposals

Cyprus President Nicos Anastasiades outlined on Monday the government’s eleven reform proposals calling on the political parties to support their implementation which “would yield new prospects and new momentum to the business activity.” Addressing the...
Nine-month 2019 profit after tax of €89.4 million for Hellenic Bank

Nine-month 2019 profit after tax of €89.4 million for Hellenic Bank

The robustness and solidity of the enlarged Hellenic Bank is demonstrated by its nine-month financial results for 2019, according to a press release presenting profit after tax of €89.4 million. It also notes that it...
Address by the President of the Republic of Cyprus Mr. Nicos Anastasiades at the CIBA’s 2019 Annual General Meeting, in Limassol

Address by Cypriot President at CIBA 2019 AGM

The full statement by the Cypriot President Mr. Nicos Anastasiades follows below: "It is a great pleasure to join you at the 26th Annual General Meeting of the Cyprus International Businesses Association (CIBA) and an...

Picking the people around you: ‘Team Up or Team Down’

A Greek saying goes as follows: “If you show me your friends, I can tell you who you are”. I would say the same goes for business. Work with the best, be one of...

Analysis: Detecting Corporate Fraud

Fraud exists everywhere and you need to be aware so as to not be conned. A con is the art of persuading someone by deception to do something. Discovering fraud in corporations and society...

Revolut and their new Privacy Policy Changes

Revolut has recently implemented some alarming privacy policy changes. We take a look at the company itself, what those recent policy changes are, and how you can opt-out. What is Revolut? Revolut is a financial technology...

Increase of Contributions to Social Insurance Fund

Since the beginning of the year, the contribution rate to the Social Insurance Fund was increased by 0.5% for employees, employers, self-employed persons and voluntary insured persons, on the basis of the Social Insurance...
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